Commerce Services

Mortgage Assistance Program

The Mortgage Assistance and Self-sufficiency programs allow Cherokee Nation citizens to build and repair their credit and reach personal financial goals. This program provides qualified Cherokee Nation citizens with down payment and closing cost assistance when obtaining a mortgage to purchase or construct a home.  Income guidelines are 80% of National Median Income (NMI) or below.

The mortgage assistance program (MAP) provides qualified Cherokee Nation citizens with down payment assistance up to $20,000. For more information, please contact Cherokee Nation Commerce Services at 918-453-5536 or sbac@cherokee.org.

The head of household or spouse must be a member of a federally recognized tribe. Preference is given to Cherokee Nation citizens.

Applicants must be first-time home buyers; exceptions will be made for individuals who lost their home due to documented domestic violence and for individuals who have only owned a mobile residence. Applicants must be willing to reside within the Cherokee Nation's jurisdictional boundaries and must obtain a loan through an approved lender, preferably a Section 184 or USDA loan. The loan must be approved by the Cherokee Nation. Program participants must own and reside in the home for a specified period of time or a prorated payback will apply. An onsite environmental review and inspection will be conducted and home buyer’s education classes are required. Purchase size is limited to five (5) acres and the purchase price may not exceed $150,000.

Downloads

  • iSave Program Application
    The iSave Program is designed to help working Native Americans save money to achieve their financial goals.
  • Mortgage Assistance Program (MAP) Application
    The Mortgage Assistance Program provides qualified Native Americans with down payment and closing cost assistance to purchase or construct a home.