Capital Home Mortgage Fairbanks

fairbanks Native American Home Loans

Native American Mortgage Lender Fairbanks Alaska

Native American Home Loans in Fairbanks Alaska

A home loan product for federally recognized tribal individuals, tribes, and housing companies with tribal designations is the Section 184 Indian Home Loan Guarantee program. American Indians, Alaska Natives, Tribes, Indian Housing Authorities, and Regional or Village Corporations established in accordance with the Alaska Native Claims Settlement Act are examples of eligible borrowers.

The acquisition of an existing home, renovations, new construction, and refinancing, including cash-out refinancing, can all be financed with a HUD Native American Home Loan. The entire state of Alaska allows Native American Home Loans.

Eligibility Requirements for HUD Section 184 Credit

To be eligible for the program, there is no minimum credit score requirement. The borrower must, however, consistently be creditworthy. Alternative forms of credit are acceptable but cannot replace conventional forms.

According to their borrower’s credit report, borrowers must establish a track record of fulfilling financial responsibilities. All liens, collections, and judgements shall be paid in full. All accounts must have made their past-due payments on schedule.

The down payment

The down payment will be 2.25 percent of the home’s appraised value or the purchase price, whichever is less. For loans under $50,000, a 1.25 percent down payment is required.

Payroll to Income Ratio

There must be a 41% debt-to-income ratio, but it may be greater if there are other compensating variables. This means that your monthly mortgage payment and all other debts, including credit card debt and other unsecured debt, cannot exceed 41% of your gross monthly income. As a result, you will have less money available to pay your mortgage if you have a lot of debt.

Property

The property being purchased must meet lending criteria. The lot needs to be subject to site control, and the lender will send an appraiser to confirm the property’s worth and condition.

Tribal Membership

The borrower must provide documentation proving their membership in an Indian tribe or business registered under the Alaska Native Claims Settlement Act that has received federal recognition. Who is a member and how membership is verified are decisions made by the tribe/corporation. Members typically receive a membership card from the tribe/corporation. The borrower must deliver a copy of their membership card in order to demonstrate eligibility.

Apply for a Section 184 home loan in Fairbanks Alaska.

Capital Home Mortgage Fairbanks might be able to help if you are a member of a Native American tribe and you think you are eligible for a Section 184 loan. To speak with a home loan specialist about Alaska Native American home loans, call (907) 531-5048.

Why Fairbanks HomeBuyers are Choosing Capital Home mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Fairbanks Alaska Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Native American Purchase Loans FAIRBANKS Alaska

  • Primary Residences Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase an Existing Home
  • Construction of a New Home
  • Rehab an Existing Home
  • Purchase / Rehab Combo Loan

Native American REfinance Loans FAIRBANKS Alaska

CAsh-Out or Renovation

  • Appraisal Required
  • 97.75% Max LTV for Rehab
  • 85% Max LTV for Cash-out
  • County Loan Limits Apply

Streamline REfinance

  • HUD 184 to HUD 184
  • No Income Qualification
  • No Appraisal Required
  • No Mortgage Lates in Last Year

Fairbanks Alaska Native American Mortgage Team

Brad Rund

Native American Lending
Manufactured Housing

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506
Fairbanks Mortgage Programs

Fairbanks Home Purchase

Thinking of Buying a Fairbanks Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Fairbanks renovation home loans

Looking to Rehab a Fairbanks Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Fairbanks FHA Home Loans

Great for 1st Time Fairbanks Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Fairbanks VA Home Loans

100% Financing for Fairbanks Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Fairbanks Conventional Home Loans

Flexibility for Fairbanks Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Fairbanks Jumbo Home Loans

Fairbanks Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Fairbanks USDA Home Loans

100% Rural Fairbanks Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Fairbanks Native American Home Loans

Fairbanks HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Fairbanks Manufactured Home Loans

Great Alternative Fairbanks Housing

Fairbanks reverse mortgages

Your Fairbanks Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Fairbanks Non QM Home Loans

Making Fairbanks Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Fairbanks One Time Close mortgages

Build Your Fairbanks Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Fairbanks Refinance Mortgage Loans

Fairbanks Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Fairbanks Cash-out Home mortgages

Fairbanks Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

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