Our flexible lending products take you from looking to move in.

NPH provides affordable and flexible mortgage lending products to assist customers with their home financing needs.  NPH works closely with you so that you fully understand the loan product and the loan process.  When available, NPH also offers down payment and closing cost assistance to eligible applicants. Our Home Purchase Advisors will determine your eligibility for any available assistance programs and they will make certain you are well prepared to begin the loan application process.  Our goal is to create successful home owners while providing the best service, the best products, and the best experience with all of your home financing needs.

5 Steps in the Loan Process

STEP ONE

Complete and provide the information required for your credit report.

  • Inquiry Form
  • Check or money order to cover the fee for pulling the credit report. The fee is $29.10 for individuals and $38.47 for married couples. Note: we cannot accept free credit reports from Internet sites because these cannot be forwarded to lending institutions
  • Most recent 3 month’s pay stubs for all borrowers
  • Past 2 years W-2 forms
  • Most recent 3 month’s bank statements for all bank accounts and borrowers
  • Home Site Lease (200RL & 200 NL) if you are purchasing a home on an Indian reservation. Include copies of Cultural Compliance form and Archeological Survey and/or copy of deed.
  • NPH Authorization Form (see link below).

Email your information to bernadinelee@npfh.org or mail with your payment to NPH, 1664 South 2nd Street, Gallup, New Mexico 87301.

Once NPH reviews your credit report, and you meet NPH requirements, our staff will contact you, ask you for additional information, and schedule an appointment with you.

STEP TWO

NPH loan personnel will contact you after we have processed your information and pulled your credit report. We will schedule a phone or in-person meeting to review your application.

If you are a first-time homeowner, or not quite mortgage ready due to your credit or debt issued, we will refer you to our Homebuyer Counseling Department. An NPH counselor will review and prepare an individualized Action Plan for you to help you get you mortgage ready. 

Disclaimer: Native Partnership for Housing, Inc. is not a credit monitoring service. Results may vary and are not guaranteed. Restrictions may apply.

Credit Score Factors:

STEP THREE

Our education staff will discuss your financial profile information with you and go over your credit report. When you are determined to be mortgage ready, we will refer you to our loan department.

STEP FOUR

Our loan staff will explain pre-qualification information, including your potential loan limits, interest rate, loan payment, closing costs and down payment requirements. You will decide on the type of house you want to buy and can qualify to own – either new or pre-existing construction. You may also contact a real estate agent to help you find a house that meets your needs.

If you choose to buy a pre-existing home, the house will need to be inspected and appraised before you can sign a contract with the seller. If you are interested in Karigan Estates, please CLICK HERE.

STEP FIVE

At this point, any outstanding underwriting conditions must be met before you can close on your home. Your documents may need to be updated at this time. Your loan closing takes place at a title company. You will sign all your legal ownership documents and bring in your funds for down payment and closing costs. Once all the paperwork is completed, you will receive the keys to your home and you can move in.

section 184 loan guarantee program

NPH is a certified HUD Section 184 Lender and is knowledgeable about the unique circumstances associated with lending on Native Lands. The Section 184 Loan Program was designed to provide access to mortgage financing to Native American and Alaskan Native tribal members. Section 184 home loans are guaranteed 100% by the Office of Loan Guarantee within HUD’s Office of Native American Programs.  This guarantee encourages national and local banks to provide mortgage loans to Native Americans.  

Section 184 loans can only be used for single family homes (1-4 units) and for a primary residence. Since 184 strives to increase homeownership to all native communities, the guarantee funds are reserved for primary residences rather than second or investment properties.

There are many advantages to using a Section 184:

  • Low Down Payment: 2.25% on loans over $50,000 and only 1.25% on loans under $50,000
  • Low Interest Rates: based on market rates, not on applicant’s credit scores
  • Manual Underwriting: The program utilizes a hands-on approach to underwriting and approval opposed to automated decision-making tools.
  • Growing National Network of Approved Lenders:  Network of approved lenders includes national companies and local banks to suit your needs.  Lenders have also been trained on the unique circumstances of Native homeownership.
  • Section 184 Upfront Loan Guarantee Fee and Annual Mortgage Insurance: A one-time 1.5% up front guarantee fee is paid at closing and can be financed into the loan. In addition, loans with a loan to value of 78% or greater will be subject to an annual .15% mortgage insurance premium.
  • Protection from predatory lending: Our program monitors the fees our approved lenders can charge Native borrowers. Section 184 loans cannot be used for adjustable rate mortgages (ARMs).
  • Purchase an existing home
  • Construct a new home (site-built or manufactured homes on permanent foundations)
  • Rehabilitate a home, including weatherization
  • Purchase and rehabilitate a home
  • Refinance a home (rate and term, streamline, cash out)

LOAN PRODUCTS

Based on funding availability, NPH may fund and service your purchase mortgage. Loan guidelines and requirements are similar to the Section 184 Loan Program. We offer competitive interest rates and fees.

Is your home over due for a make-over? Or maybe it needs some maintenance TLC. Allow us to show you how using the equity in your home can help you upgrade.

In a high interest loan? We can help you decide if doing a rate and term refinance is right for you.

This program is designed for home repairs such as weatherization, added energy efficiency such as windows, and upgraded insulation, heating and cooling, roof repairs and more. Funds are limited to low-income households.

Is your home purchase price higher than Section 184 or other program loan limits? If you meet the requirements for eligibility, NPH may be able to assist you with a 2ndmortgage. This loan product must be repaid, but it can help fill the gap so you can move forward to buy a home.

If you meet eligibility requirements, NPH may be able to provide down payment assistance. Some restrictions apply.

All loans must meet NPH criteria.