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Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

1st Tribal Lending

Finanso.Multilogin™

About lender

1st Tribal Lending is an American financial institution that was established in 2007. It is a Native American home loan expert that offers loans on and off the reservation for site-built constructions, purchases of homes, and refinances.

1st Tribal Lending has closed many HUD Section 184 loans across the nation, which means it has one of America’s most experienced HUD Section 184 lending teams. 1st Tribal Lending has also grown as a HUD section lender. The company has over 200 employees and 2,000 lending officers. It is an independent company owned and operated by the Hualapai tribe. The lender provides HUD section 184 home loans program in all 50 states and the nation’s capital, Washington D.C., Guam, Puerto Rico, and the U.S. Virgin Islands. It offers traditional loans, mid-America mortgage loans, and home equity lines of credit. Some loans require no down payments, which can help people who have bad credit scores or are on fixed incomes to own a home through HUD Section 184 loans.

Pros and cons

The company provides borrowers with an initial amount of money through its program. However, there are some key pros and cons to having in mind before applying for it, which will help you determine the best fit for you and your situation.

Pros

  • 1st Tribal Lending has a downpayment of 1.25% – 2.25%.

  • It has only a 1.5% guarantee fee to the government.

  • There is a regular 30-year fixed interest rate availability.

  • Their approval process is straightforward and familiar to applicants.

  • It has a cash-out refinance of up to 85% of the loan to value.

Cons

  • There is a potential rumor that the company targets vulnerable, desperate people who need a home fast.

  • There is a lack of transparency regarding interest rates, repayments, and even financing options.

  • There is also a risk of falling behind with repayments, which can have repercussions.

1st Tribal Lending conditions

As long as you are in an approved area for a 1st Tribal Lending loan and there is a person on your loan application that is an enrolled member, you can potentially qualify for a HUD 184 loan easily. Applicants to be qualified for HUD Section 184 lending with 1st Tribal Lending must have the following documents:

  • Recent bank and investment account statements for the last two months.

  • Pay stub for the latest month.

  • W-2s and tax returns for the previous two years.

  • Copy of the tribal enrollment.

  • State-issued driver’s license or ID.

  • Social Security number.

Funding a loan

The HUD’s Office of Native American programs guarantees HUD Section 184 home mortgage loans made to native borrowers to help increase access to financing. In March 2017, the HUD Section 184 program had given guarantees for more than 37,000 loans (almost $6 billion in guaranteed funds) to individuals, tribes, and TDHEs. You may be able to use the Section 184 loan program provided by the lender to buy a home on your reservation or in participating fee simple areas off your reservation. Even if you have moved away from your reservation, you may still be able to use the Section 184 home loans to purchase a home. For example, you’re an Alaska Native who now lives in Los Angeles, and because the 184 program is available to Californians across the nation, you can use it. However, HUD Section 184 home loans program is similar to FHA loans because it is for Native Americans, and it is much less expensive and flexible than FHA loans.

Reviews

FAQ

What is 1st Tribal Lending?

1st Tribal Lending is a home mortgage company specifically designed for American Indian and Alaska Native families, Alaska villages, tribes, or tribally designated housing entities present across the nation. It can be used both on and off native lands. It can be used for new construction, rehabilitation, purchasing an existing home, or refinancing.

Who owns 1st Tribal Lending?

1st Tribal Lending is owned by the Hualapai tribe and directed by Brett Robinson.

How do you qualify for 1st Tribal Lending?

1st Tribal Lending is reserved for members of Native American and Alaskan tribes, so to receive a loan, you must be an enrolled member of a Federally Recognized Tribe. Verification or tribal enrollment will then be necessary upon application for loans. Enrollment decisions are made solely by the tribal government and not the company. Typically, your tribe will provide a card or a letter that proves your enrollment status.

How much can you borrow from 1st Tribal Lending?

An applicant can receive up to $50,000 through this loan program. However, the limits are based on where you live. The loan amount will also be determined by an applicant’s current income and current debts.

Is 1st Tribal Lending a legitimate company?

Yes, it is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act Lic 4131103 and its Finance Lenders Law Lic 603J732; it is also licensed and regulated by the Colorado Division of Real Estate; by Illinois Residential Mortgage Licensee MB.6850057; by Kansas Licensed Mortgage Company MC.0025093; by Massachusetts Lic ML150009; by Oregon ML-5045; and also by the nation’s capital, Washington Lic CL-150009.

Company documents

Privacy Policy

Here at 1st Tribal Lending we are dedicated to providing you with Section 184 Home Loans. We’ve made it our mission to provide you with an easy and efficient experience. Many of our employees were pioneers in the 184 business and have been doing these loans since the beginning of the program. We’ve successfully closed thousands of home loans for Native Americans around the nation. This has made us the go to experts on HUD Section 184 loans.

© 1st Tribal Lending

Calculate loan payments in 1st Tribal Lending

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What to focus on before applying for a loan with 1st Tribal Lending

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between 1st Tribal Lending and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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