Do I Qualify?

Home Loan Eligibility Requirements

Subject to certain preferences, Tiwa Lending Service will make home loans on a first-come, first-served basis.

Applicants must be tribal members, age 21 or older.
Loan Limits – the less of $200,000 or the appraised value of the home
Any building contractor who will perform work on the home must be a licensed contractor.

No prior uncured default in payment on a mortgage, no more than three defaults in payment on a previous or current mortgage, and no previous foreclosure litigation commenced against them;
No outstanding delinquency with the Isleta Pueblo or TLS;
A credit score equal to or greater than 620 (unless there are special circumstances);
A debt to income ratio (DI) that is equal to or less than 41% (unless there are special circumstances). This means the debts of the applicant must not exceed 41% of his/her income;
A mortgage payment to income ratio (MI) that is equal to or less than 28% (unless there are special circumstances). This means the monthly loan amount must not exceed 28% of the applicant’s monthly income; and
Been employed by the same employer for at least one year, or have been employed in the same field for more than 2 years, or can otherwise demonstrate the likelihood of continuing ability to repay a home loan.
Members of, or an advisor to, the Housing Finance Committee are not eligible.