The Hopi Credit Association is not a traditional lender or bank. We are a Native CDFI lender who can work with higher-risk borrowers, including those who do not qualify for bank financing.
Our goal is to provide eligible and qualified applicants the opportunity of purchasing a mobile home/manufactured housing unit to be used as the applicant’s principal residence. Financing will be available only for those units to be placed and situated within the boundaries of the Hopi Reservation.
Download the Home Loan Application HERE.
Basic Eligibility Requirements:
- Must be enrolled member of the Hopi Tribe
- Both on reservation and off reservation enrolled members may be eligible provided that the home remains located on the Hopi reservation.
- Minimum 2 years employment or other verifiable income such as self-employment, retirement, etc.
- Completion of home buyer education course (provided by the HCA).
Loan Size:
Up to $100,000.00
Rates:
Fixed Rate: 10%
Fees:
- 3% Loan fee of approved amount
- $15.00 application fee
- $14.00 credit check fee
- $3.00 share cost (1 share for every $100.00 of loan amount)
- $10.00 insurance processing fee (annually)
- $25.00 MVD fees per title
- All direct costs incurred by HCA
Term:
Not to exceed (20) twenty years.
Security/Guarantees:
All mobile/manufactured home loans will be secured with a home.