Homebuyer Program Details

Program Summary

The Indian Housing Mortgage Insurance Program provides mortgage insurance for property on tribal lands where restrictions on ownership prevent lenders from holding a mortgage on the property. The program provides lender loan guarantees for up to 30 years, and enables Native Americans who are building or buying homes on tribal lands to qualify for mortgage loans.

Am I Eligible

You may be eligible if you:
  • Appear on the current “Annual Census” of the Passamaquoddy Tribe or Penobscot Nation, and the property to be mortgaged is located on one of the following tribal reservations:
    • Penobscot Tribal Reservation
    • Indian Township Passamaquoddy Reservation
    • Pleasant Point Passamaquoddy Reservation
  • Are seeking financing to construct a new home, purchase an existing home, purchase and site a manufactured home, make improvements to an existing home, or refinance to a lower interest rate.
  • Have a satisfactory ratio of debt to income, satisfactory credit, and funds to cover down payment and closing costs. 

More Info

You can apply for the Indian Housing Mortgage Insurance Program through a participating lender. The lenders listed below serve the Native American reservation communities located in Aroostook, Washington, and Penobscot counties. You should notify your tribal housing authority of your application, and then your mortgage lender.

 Lending Institution
Bangor Savings Bank 1-800-432-1591
Bank of America 1-800-244-6616
Camden National Bank 236-8821
Four Directions Development Corporation 866-6545
Key Bank 1-800-452-8762
Machias Savings Bank 1-800-339-3347
Merrill Merchants 942-4801
Skowhegan Savings 1-800-303-9511
TD Banknorth 1-800-272-5559
The First NA 1-800-564-3195

For more information see the related documents or contact:

Debbie King-Johnson, Consumer Education/Outreach Officer
Phone Icon (207) 626-4670

Additional Resources

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(800) 452-4668  •  (207) 626-4600
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