Family Roots Home Loan

Family Roots Home Loan

The beginning of a journey to bring Native communities the resources needed to make homeownership a reality. Five loans will be offered during pilot. Lending amount determined by affordability up to $250,000. Debt-to-Income ratio is 43% max. Housing ratio is 31% max. Interest rates will vary dependent on credit. Loan-to-Value is 95%.  Must not have any active collections or judgements on your credit report.  This loan must be for purchase of a home that would be the primary residence, no investment properties or second residences.  This loan can be used to purchase modular and manufactured homes if they are on a permanent foundation.  This loan cannot currently be used to build a home or buy and rehabilitate a loan. The residence must be in the state of Wisconsin. Completing our Pathways Homebuyer education class is a requirement for this loan.  Must have one year of employment with no gaps, breaks, or transfers.  You will be required to submit the past two years of tax returns, 2 months of bank statements, along with your income documents and identification. At this time only enrolled Ho-Chunk Nation tribal members are eligible.