VA Loans for Native Americans

Introduction and Overview

WHO IS ELIGIBLE?

VA direct home loans are available to eligible Native American veterans who wish to purchase or construct a home on trust lands. Details on the military service requirements are spelled out below.

WHAT CAN THE LOAN BE USED FOR?

A VA direct loan can be used to purchase, construct, or improve a home on Native American trust land. These loans may also be used to simultaneously purchase and improve a home or to refinance another VA direct loan made under this program in order to lower the interest rate. VA direct loans are generally limited to the cost of the home or $80,000, whichever is less.

FIVE EASY STEPS TO A VA LOAN

1. Make sure that your tribal organization or other appropriate Native American group is participating in the VA direct loan program. The tribal organization must have signed a Memorandum of Understanding with the Secretary of Veterans Affairs which includes the conditions governing its participation in the program.
2. Apply for a Certificate of Eligibility. A veteran who doesn't have a certificate can easily obtain one by applying to your local VA office on VA Form 26-1880, Request for Determination of Eligibility and Available Loan Guaranty Entitlement.
3. Decide on a home to buy and sign a purchase agreement or a contract with the builder to build the home. Make sure to include in the contract a provision which makes the contract void if you are unable to obtain a VA direct loan.
4. Contact either your local housing authority or the local VA office to apply for the loan. An appraisal of the property will be ordered and you will be asked to provide information needed to verify your income and credit history.
5. Close the loan and move into your new home.

VA Direct Home Loans for Native Americans on Trust Lands

1. Introduction and Overview
2. VA Loan Eligibility and Application
3. Loan Requirements and Costs