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Native American Lending Programs

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Mortgage Lending Process In Indian Country

1. Lender verifies applicant and Tribe are eligible participants
2. Lender verifies land status and eligibility to mortgage

FEE SIMPLE: No restriction against alienation or encumbrance; land serves as collateral	TRIBAL TRUST: Restrictions against alienation or encumbrance; leasehold interest in land serves as collateral	INDIVIDUAL TRUST: Restriction against alienation or encumbrance; allottee must document interest in land to serve as collateral
FEE SIMPLE MORTGAGE APPROVAL Lender: Prepares credit package Orders Title Insurance Policy Orders Appraisal Pre-approves borrower Submits underwriting package to HUD Receives HUD commitment Closes Loan	LEASHOLDER MORTGAGE APPROVAL ON TRIBAL TRUST LAND Lender/Borrower contact BIA to obtain a preliminary TSR to verify applicant's interest in land, legal description and existing encumbrances	BIA Realty Officer provides preliminary TSR and commitment for mortgage / dee of trust for approval. Lender: Prepares credit package Orders appraisal Pre-approves borrower Submits mortgage documents to HUD and BIA for approval BIA Credit Officer and / or Realty Officer approves credit package Lender: Receives HUD / BIA commitment Closes Loan
	BIA Realty Officer provides commitment for mortgage / deed of trust approval Lender: Reviews executed lease by Tribe, BIA and borrower for program compliance Prepares credit package Orders appraisal Pre-approves borrower Submits underwriting package to HUD for approval Receives HUD commitment Closes Loan
Lender files loan documents with Country Recording Clerk	Lender files loan documents with BIA and County / Tribal Recording Clerk as required.	Lender files loan documents with BIA and County / Tribal Recording Clerk as required
	BIA issues the final TSR and certificate of approval to lender with recorded mortgage and lease	BIA Issues the final TSR and certificate of approval to lender with recorded mortgage.
		ACRONYMS BIA - Bureau of Indian Affairs LTRO - Land Titles and Record Office TSR- Title Status Report ONAP-Office of Native American Programs

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