Benefits of the Section 184 Native American Home Loan!

The Section 184 Program was designed to improve access to capitol for Native Americans, act as a credit enhancement mechanism for lenders, and provide private funding opportunities for tribal housing agencies. It comes with a 100% guarantee for home loans! 

This Loan is a Nationwide Program on Trust Land, allotted trust, or fee simple land within Indian Operating areas. All of New Mexico and Colorado qualify.

A loan can be taken out up to $300,000  and it requires only a down payment of 2.25%! You will not have to pay a Monthly Mortgage Insurance and there is not a maximum income limit. This assumable loan allows credit scores as low as 580 to apply! And the seller may pay up to 6% of the purchaser's closing costs. 

Here at Sun West Mortgage, we offer direct underwriting for the Section 184 Loan!

Those who are eligible to apply are any Native American or Alaskan Native that is a member of a federally recognized tribe or an Alaskan Village. Indian Tribes, Tribal Designated Housing Entities, and Indian Housing Authorities also qualify.

This loan will cover the purchase of an existing home, the construction of a new home, or the refinancing of a current mortgage!

What are you waiting for? Call Todd today to find out if you qualify to benefit from this great loan! 505-918-1028

Native American Comedy Duo

James and Ernie credit themselves as the first Native American comedy duo to come out of the Navajo Nation. They are "serious about being funny" and work hard to make people laugh until it hurts!

Their material ranges from their "childhood days of playing in the dirt at grandma's house, to our teen years trying to be someone we're not, and on into our hickey filled adulthood experiences that include topics related to relationships, shopping at Wal-Mart, our drinking days, and many other Rez life topics." They are known to use music, dance and props to add to their humor.

Despite all the jokes, they promote living a healthy lifestyle by saying "No" to alcohol, drugs and domestic violence. They achieve this very important message by sharing their own past as former substance abusers with a skit called "Addicted."

James and Ernie have been called "Emotionally powerful." They will be performing a live show for free on December 6-7 at the University of New Mexico's sub ballroom. If you would like a few laughs, definitely check them out while you can.

Here is a link to their website if you'd like to learn more about them:  http://www.jamesandernie.com/

Documenting the Native American Past at UNM

There is a big project underway at UNM focusing on recording the history of Native American students and teachers who have attended the University.

Mary Alice Tsosie is heading up the project and aims to give American Indians their own perspective in history. Tsosie is the program manager of UNM University Libraries and is working to interview past and present American Indian professors, faculty members and alumni. She began in January when it became apparent that there was information missing regarding the Native Americans who have attended the University.

"I think everbody wants their history recorded and written down. Everybody has a perspective, UNM has a perspective, the Native Americans have a perspective," Tsosie said. "I think everybody wants their viewpoint to be acknowledged, to know that we exist, to know that we went through UNM. If we don't have that recording, who's going to do it?"

She has interviewed 14 participants so far and has her sights on many more. She is most interested in students from the 1950s who studied during the protests, and also past directors of UNM's Native American Studies department.

This would be the first compiled history account that UNM has participated in. Tsosie strives to share the stories of those she is interviewing because they helped pave a path for the current generation of Native Americans at the University. She is inspired by their dedication to make a difference for today's students so that they can succeed, achieve and graduate.

Tsosie has enlisted the help of assistant professor Lloyd Lee. He is in charge of historical research to help Tsosie have context for future interviews. He says that he is composing the interviews in a way that would allow future historians to contribute and build upon their foundation. He is a strong believer in archiving history properly.

"Personally," he says, "I think it's about making sure the legacy of Native students and Native people who have come to the University that they're documented, written down to their experience here, and I'm just helping that process."

If you have information that may help their research, contact Antonio Sanchez at news@dailylobo.com. Or contact the university directly and ask for the University Libraries department.

Info about Section 184

How powerful is the Section 184 Native American Program? This loan has no mortgage insurance and a low down payment! More facts:

• Buying a house for $130K FHA and $160K Section 184 = approximately the same payment.
• Native American Loan Program eliminates monthly mortgage insurance and only requires 2.25% down payment in New Mexico and Colorado
• You can get an MFA loan combined with a Section 184 Native American loan and a 2/1 buydown.
• Imagine at mortgage closing with only a 550 credit score! What’s the interest rate 9%? Nope It was only 4.75%.

Call Todd for even more information about this incredible loan program that can help you save money on the purchase of your home! 505-918-1028