Mortgage Pilot Program

Loan Products / Mortgage Pilot Program

Mortgage Pilot Program

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. 

First Nations Community Financial is a state chartered not-for-profit Native Community Development Financial Institution (CDFI)

206 S Roosevelt Rd, Suite 123 Black River Falls, WI 54615

Upcoming Events
  • Indianpenuership Classes - May 26, June 28
  • Pathways Homebuyer Education Class - June 2, July 14, August 25
  • Golf Fundraiser - June 16
Office Hours (8-4:30 M-F)

Closed on the Following Holidays

  • New Year's Day (Jan 1st)
  • Memorial Day (Last Monday in May)
  • Mitchell Red Cloud Jr. Day (July 4th)
  • Labor Day (First Monday in Sept.)
  • Veterans Day ( November 11th)
  • Thanksgiving (4th Thursday in Nov.)
  • Ho-Chunk Day (Day after Thanksgiving)
  • Christmas Eve (December 24th)
  • Christmas (December 25th)
  • New Year's Eve (December 31st)
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