Home Finance

Home Finance Department

Your source for home loan solutions. Click here to learn more. 

Apply Online Today  Our Home Finance web site also provides additional resources to help with your home finance needs.

Choctaw Homebuyers Advantage Program

  • Available to Choctaw Tribal Members Nationwide. Not all loan products are available in all states. Please give us a  call for your individual state requirements
  • No set income guidelines
  • Applicant must meet credit approval guidelines
  • Applicant receives loan approval from participating mortgage lenders
  • Applicant can receive down payment and closing cost assistance through the Choctaw Home Finance Department with approval from Mortgage lender.
  • Mortgage interest rate is set by the mortgage lender and is comparable to market rates.

Revolving Loan Fund

  • Available to households with a CDIB
  • Home site located within the Choctaw Nation 10 1/2 county servicing area
  • Income limits of 80% of the National Median Income level, can loan up to 100% of the National Median Income with approval from the Home Loan Committee
  • Purchase, Refinance, Rehabilitation, Construction
  • Fixed Interest Rate
  • Maximum 30 Year term
  • 1% - 3% down Payment
  • Credit guidelines must be met

Down Payment/Closing Cost Assistance

  • Available to Choctaw Tribal Members Nationwide
  • 1st lender pre-approval is required
  • A minimum of 1% down payment is required with a maximum of 2% down payment assistance
  • Property located within the 10 1/2 county Choctaw Nation Servicing Area if a partnering lender is not used for the   1st mortgage
  • Credit guidelines must be met

Section 184

  • Available to Choctaw Tribal Members
  • No set income guidelines
  • Credit guidelines must be met with pre-approval from participating lender
  • Home site must be located within an Indian Servicing Area
  • Fixed rate 30 year maximum amortization
  • Credit Repair and Home Improvement 

Credit Repair Loans

  • Available to Choctaw Tribal Members living within the Choctaw Nation of Oklahoma
  • Interest rate of 3%
  • Loan terms up to 10 years
  • Maximum loan amount $10,000
  • Loans available to future Homebuyers
  • Loans may include payoffs for collections, charge offs, judgments, liens and repossessions 
  • No income limits
  • Requires credit/budget counseling with Service Coordination department
  • Funds are based on first-come, first-serve basis

Home Improvement Loans

  • Available to Choctaw Tribal Members living in Oklahoma
  • Interest rate of 3%
  • Loan terms up to 10 years
  • Maximum loan amount $10,000
  • Loans available in Oklahoma only
  • Must be an Oklahoma resident 
  • No income limits
  • Credit guidelines must be met
  • Funds are based on first-come, first-serve basis

 

ALL LOAN FUNDS ARE SUBJECT TO AVAILABILITY WITH PREFERENCE GIVEN TO CHOCTAW TRIBAL MEMBERS.

Application for Credit Repair (PDF)

Application for Purchase, Construction & Refinance (PDF)

Application for Streamline Home Improvement (PDF)

Director

Leah Williams
Phone: 800-235-3087
Phone: 580-326-7521 ex. 6313

Assistant Director of Loan Services

Pam Bundy
Phone: 580-326-7521 ex. 6315
Fax: 580-326-7641
 

Assistant Director Home Finance Operations

Bessie Carroll
Phone: 580-326-7521 ex. 6316
Fax: 580-326-7641

Loan Officer

Dama McLemore
Phone: 580-326-7521 ex. 6320
Fax: 580-326-7641

Loan Officer

David Caudle
Phone: 580-326-7521 ex. 6317
Fax: 580-326-7641

Loan Officer

Whitney Noel
Phone: 580-326-7521 ex. 6337
Fax: 580-326-7641