The Native American Direct Loan (NADL) Program provides direct home loans from VA to eligible Native American Veterans to finance the purchase, construction, or improvement of homes on Federal Trust Land, or to refinance a prior NADL to reduce the interest rate.
Tour a new home built by a Native American Veteran on Cherokee land in North Carolina.
Standing from left: Lara Rodriguez, VA Regional Assistant Loan Production Officer; Seminole Nation Assistant Chief Lewis Johnson; Mary Culley, VA Office of Tribal Government Relations Specialist. Seated from left are Mike Frueh, VA Director of Loan Guaranty Service, and Seminole Nation Chief Leonard Harjo.
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The interest rate is 3.75%.
Interest rates are subject to change due to market fluctuations. VA evaluates these market trends and determines if interest rate reductions or increases are warranted.
To obtain a NADL, the law requires that:
Native American Veterans must pay a funding fee of 1.25% to obtain VA's direct loan to purchase a home. The funding fee to refinance a prior VA-loan is 0.50%. Borrowers have the option to finance the VA funding fee or pay it in cash, but the funding fee must be paid at the time of loan closing. You do not have to pay the funding fee if you are a:
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Last updated February 20, 2016