{"id":8048,"date":"2024-10-24T13:30:00","date_gmt":"2024-10-24T13:30:00","guid":{"rendered":"https:\/\/itsveterans.com\/?p=8048"},"modified":"2024-10-24T13:30:00","modified_gmt":"2024-10-24T13:30:00","slug":"more-veterans-now-eligible-for-the-native-american-direct-loan-nadl","status":"publish","type":"post","link":"https:\/\/itsveterans.com\/?p=8048","title":{"rendered":"More Veterans now eligible for the Native American Direct Loan (NADL)"},"content":{"rendered":"<p class=\"tni-source-date\"><strong>Originally published:<\/strong> 2024-10-24T13:30:00+00:00. Historical source article: benefits, rules, amounts and deadlines may have changed. Check the official source for current information.<\/p>\n<p>For the first time, VA has entered into a Memorandum of Understanding (MOU) for the Native American Direct Loan (NADL) program with the Cherokee Nation.<\/p>\n<p>The Cherokee Nation is one of the latest tribes to sign an agreement with VA, and this MOU opens the door for Veterans, service members and their spouses to apply for a NADL to buy, build or modify a home on federal trust lands. In addition to offering low interest rates, NADL offers Native American Veterans other benefits, including no private mortgage insurance, no down payments, limited closing costs, the ability to refinance loans and a benefit they can use repeatedly throughout their lives.<\/p>\n<p>Congress established the NADL program in 1992 and, since then, VA has reached agreements with <a>114 <\/a><a href=\"https:\/\/www.benefits.va.gov\/homeloans\/nadl_mou.asp\" rel=\"noopener\">Native American tribes<\/a>\u00a0and granted 1,258 loans, amounting to $180 million, to eligible Native American Veteran homeowners.<\/p>\n<p>\u201cNative Americans serve in our nation\u2019s Armed Forces in higher numbers and they deserve to reap the benefits of their sacrifices,\u201d said Executive Director of VA\u2019s Loan Guaranty Service, John E. Bell, III.<\/p>\n<p>VA is committed to partnering with Native American tribes throughout the nation and informing Native American Veterans, service members and their spouses of this and other available benefits. For additional questions about the NADL program, including eligibility criteria, contact a NADL coordinator by email at <a href=\"https:\/\/news.va.gov\/135728\/more-veterans-now-eligible-for-the-native-american-direct-loan-nadl\/mailto:NADL@va.gov\">NADL@va.gov<\/a> or by phone at 888-349-7541 (TTY: 711).<\/p>\n<p>More information on the NADL program can be found <a href=\"https:\/\/www.va.gov\/housing-assistance\/home-loans\/loan-types\/native-american-direct-loan\/\" rel=\"noopener\">online at VA\u2019s website<\/a>.<\/p>\n<p>Native American Veterans can also use the VA-Guaranteed Home Loan Program on non-federal trust land.\u00a0More information on the VA-Guaranteed Home Loan Program can be found at <a href=\"https:\/\/www.va.gov\/housing-assistance\/\" rel=\"noopener\">VA\u2019s Home Loan site<\/a>.<\/p>\n<p><a id=\"_msocom_1\"><\/a><\/p>\n<hr>\n<p class=\"tni-attribution\">Source: <a href=\"https:\/\/news.va.gov\/135728\/more-veterans-now-eligible-for-the-native-american-direct-loan-nadl\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">U.S. Department of Veterans Affairs<\/a>. Its Veterans is an independent publication and is not affiliated with or endorsed by the U.S. government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This new MOU with The Cherokee Nation opens the door for Veterans, service members and their spouses to apply for a NADL to buy, build or modify a home on federal trust lands.<\/p>\n","protected":false},"author":1,"featured_media":151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-veterans-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More Veterans now eligible for the Native American Direct Loan (NADL) - Its Veterans<\/title>\n<meta name=\"description\" content=\"This new MOU with The Cherokee Nation opens the door for Veterans, service members and their spouses to apply for a NADL to buy, build or modify a home on federal trust lands.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/itsveterans.com\/?p=8048\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Veterans now eligible for the Native American Direct Loan (NADL) - 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