What are the benefits of the Indian Home Loan Program?

The Indian Home Loan Program provides federal insurance on a mortgage used by qualified individuals to purchase qualified Indian properties. The program exists under the US Department of Housing and Urban Development (HUD) with the mission to extend home ownership to an underserved group of people. Since most Indian land is held in trust by the US government, it can be challenging for borrowers to secure loans to purchase the land. If both the land and the borrower meet the Indian Home Loan Program requirements, HUD will provide federal insurance, reducing the cost of the loan and making down payment options more affordable.