Program Details
Maximum
All programs have a maximum amount of $ 200,000.
Amortization
With a minimum 5% down payment there is a maximum amortization period of 25 years.
Lending Requirements
A conditional letter of support from the Band stating that the member is not in arrears or has outstanding debts to the Band.
- Income statements and any debt load information
- The monthly payments must not be in excess of 40% of the household’s income.
- Additional requirements of the lending institution