Native American Direct Loan program
E519657
U.S. Department of Veterans Affairs home loan benefit
United States federal housing assistance program
The Native American Direct Loan program is a U.S. Department of Veterans Affairs home loan benefit that provides direct mortgage loans to eligible Native American veterans for housing on federal trust land.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. Department of Veterans Affairs home loan benefit
ⓘ
United States federal housing assistance program ⓘ |
| administeredBy |
United States Department of Veterans Affairs
NERFINISHED
ⓘ
VA Loan Guaranty Service NERFINISHED ⓘ |
| appliesTo |
Native American trust land
ⓘ
allotted trust land ⓘ certain Alaska Native village lands ⓘ tribal trust land ⓘ |
| appliesToJurisdiction | federal trust land in the United States ⓘ |
| beneficiary | Native American veteran borrowers and their families ⓘ |
| benefitType |
direct home loan
ⓘ
mortgage loan ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| distinctFrom | VA-guaranteed home loan program through private lenders ⓘ |
| downPaymentRequirement | often no down payment required ⓘ |
| eligibilityRequirement |
borrower must be Native American
ⓘ
property must be located on federal trust land or certain other eligible lands ⓘ tribal organization must have a Memorandum of Understanding with VA ⓘ veteran must be eligible for VA home loan benefits ⓘ veteran must occupy the property as a primary residence ⓘ |
| fundingSource | United States federal government NERFINISHED ⓘ |
| guarantor | United States Department of Veterans Affairs NERFINISHED ⓘ |
| hasAbbreviation | NADL NERFINISHED ⓘ |
| interestRateCharacteristic | generally lower interest rates than typical market rates ⓘ |
| language | English ⓘ |
| legalForm | federal benefit program authorized by U.S. law ⓘ |
| loanType |
direct loan
ⓘ
fixed-rate mortgage loan ⓘ |
| loanUse |
construction of a home
ⓘ
improvement of a home ⓘ purchase of a home ⓘ refinancing of an existing Native American Direct Loan ⓘ |
| mortgageInsuranceRequirement | no private mortgage insurance required ⓘ |
| purpose |
to help eligible Native American veterans obtain housing on federal trust land
ⓘ
to provide direct home financing to Native American veterans ⓘ |
| regulator | United States Department of Veterans Affairs NERFINISHED ⓘ |
| relatedTo | VA Home Loan program NERFINISHED ⓘ |
| requires | tribal or individual land lease approved by the Bureau of Indian Affairs when applicable ⓘ |
| sector |
Native American programs
ⓘ
housing ⓘ veterans benefits ⓘ |
| serviceArea | participating Native American reservations and trust lands in the United States ⓘ |
| shortName | NADL program NERFINISHED ⓘ |
| targetPopulation |
Native American veterans living on federal trust land
ⓘ
eligible Native American veterans ⓘ veterans who are Native American ⓘ |
| website | https://www.va.gov/housing-assistance/home-loans/loan-types/native-american-direct-loan/ ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.