The Department of Veterans Affairs announced that it has lowered the interest rate for VA Native American Direct Loans from 6% to 2.5%, making access to housing loans more affordable for Native American Veterans.

Through the loan program, VA provides direct loans to Native American Veterans – and to Veterans who are married to Native American non-Veterans – to help buy, build or improve a home on trust land. These loans give Native American Veterans the opportunity to obtain housing with no down payments, limited closing costs and no monthly mortgage-insurance costs.

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