Oklahoma City, OK (PRWEB) May 16, 2013
Through the U.S. Department of Housing and Urban Development (HUD), the Section 184 Indian Home Loan Guarantee Program provides home mortgages specifically designed for American Indian, Native Alaskan, and Native Hawaiian. First Interstate will be referring all HUD Section 184 prospects to Bank2 in an effort to provide their Native American customers with the best service possible. Johnnie McClusky, First Interstate’s Community Development Officer, said “This is all part of our commitment to the communities we serve, ensuring that we meet the needs of our customers.”
The purpose of the HUD Section 184 program is to provide Native Americans access to financing. The Section 184 loan can be used for purchase, refinance, rehabilitation, new construction and can even be used on Tribal Trust lands. Section 184 loans offer a low down payment, competitive interest rates, and monthly mortgage insurance is not required. The Section 184 program has guaranteed over 12,000 loans to individuals, tribes, and TDHEs, according to HUD.
Bank2 is a market leader in the HUD 184 home loan program for Native Americans. The HUD 184 program was designed to solve a number of barriers to home ownership. One difference about Bank2 and other HUD 184 lenders is that they offer the entirety of the program – they do loans on fee simple lands and tribal trust lands, as well as manufactured and modular homes. They lend directly to tribes and tribal housing authorities, and do single close construction and rehab loans. Bank2 uses their flexibility to solve a number of housing challenges.
About Bank 2
Bank2 is a community bank committed to helping people build better lives. The Native American bank is 100 percent owned by the Chickasaw Nation. Bank2 was founded in 2002 and their headquarters is in Oklahoma City. They serve their customers with a wide array of innovative financial products via latest electronic banking technology. The bank is a market leader in the HUD section 184 Native American home loan. Bank2 also offers a full line of government guaranteed commercial loans including SBA, BIA, and USDA loans.
For additional information about Bank2, please visit http://www.bank2online.com or call 405-946-2265 or 877-409-2265.