Bernalillo or Valencia County

  1. Home
  2. Loan Programs
  3. First Mortgages
  4. Bernalillo or Valencia County

Native American Homeownership Program

      • 100% Financing Based on Appraisal Value
      • 15 to 30 Year Term
      • Fixed Interest Rate
      • No Mortgage Insurance Premium
      • One-Time Construction Close for New Construction
      • Closing Costs & Down Payment Included in Loan – Grants Available
      • Applicants must be members of a Federally Recognized Tribe – Proof of Tribal ID or Certificate of Indian Blood must be provided

Tiwa Lending Services (TLS) offers competitive rates. Loans will be provided at the last published interest rate set monthly by a 30-year Treasury bond rate plus .375%, servicing fee, plus 1.00%. A borrower may buy-down their interest rate. The interest rate will lock-in on the closing date. The 30-year Treasury bond rate may be found here.

I. Loan Application Process

      • Applicant completes an application and obtains required income documentation. (e.g., 30-day paystubs, 2 years tax returns, and 2 months banking statements)
      • TLS will review each application to determine if the borrower meets the lending criteria
      • Applicant may be required to attend financial education classes
      • Loan closing – Promissory Note, Mortgage and other loan documents are signed.

    II. Funds for Disbursement of Home Loan

    After loan closing:

      1. Loan proceeds for purchase of a home are paid to seller, or
      2. Loan proceeds for construction or renovation, TLS shall set aside the funds and make them available for drawdowns. Draws shall be in accordance with an approved construction and inspection schedule. 

    III. Payments

    Borrower makes monthly payments on the loan for 15-30 years, depending on the loan amount.