Native American Direct Loan Program
Native American Direct Loan Program
Date: May 10, 2016
Veterans Benefits Administration
Program Highlights
Title What is a Native American Direct Loan (NADL).
Why we have a NADL program. Who is Eligible? Loan Purposes. The Approval Process.
2
What is a VA Direct Loan?
? The VA is the principal lender and directly lends the funds to an eligible Native American Veteran for the purpose of purchasing, constructing or improving a home on trust lands.
Why we have a NADL Program
? Mortgage Lenders will not make loans on Trust Land
? Tribes are Sovereign Nations. ? State Laws do not control Real Estate
Transactions on Federal Trust Land. ? Obtaining a Security Interest on Trust Lands is
difficult.
BenBeefnitesfiotsf tohfeNNAADDL LfoPrroTrgirbaem
? Frees up Tribal Funds to use in other important areas.
? Brings local jobs i.e. builders, inspectors, workers.
? NADL loans are assumable to any qualified borrower.
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