VA Native American Direct Loans Department of Veterans Affairs St.

VA Native American Direct Loans Department of Veterans Affairs St. Paul Regional Loan Center

St. Paul RLC Contacts Processing and Underwriting Jacob Eilbert 612-970-5480 [email protected] Management Dean Eckes 612-970-5502 [email protected] Jyssica Sule 612-970-5578 [email protected] Tim Knutson 612-970-5479 [email protected]

NADL Jusrisdictions

MOU Veteran The Tribe must have an existing MOU with VA Must have qualified Veteran

No Down Payment No PMI/MIP Flexible Credit Guidelines Competitive Interest Rates Benefits of NADL

Active Duty 2 years (DD-214, Member Copy 4) 90 days on Title 10 Other than dishonorable Reserves/National Guard 6 years (Point Statement/Discharge Certificate, NGB 22) Honorable Surviving Spouse Veteran passed away while in service or due to a service connected disability Veteran had certain 100% disability ratings Eligibility National National Personnel Personnel Records Records Center Center (DD214): (DD214): http://www.archives.gov http://www.archives.gov

Proof of Service Documentation Active Duty Tour DD 214, Member Copy 4 Reservist Point Statement & Certificate of Discharge National Guard NGB Form 22 National Personnel Records Center (DD214): http://www.archives.gov

Timeframes & Cost Minimum Property Requirements Reconsiderations & Waivers VA Appraisals

Proposed/Under Construction New Construction

Stable, reliable and expected to continue 2 year/12 month job history Overtime, part-time, commission Other types of income Income

Judgments 30, 60, or 90 day late payments in the last 12 months Outstanding collection accounts Ch. 7 BK in the last 24 months Active Ch. 13 (may be able to proceed with court approval) Foreclosure in the past 24 months Delinquency on a federal debt Negative Credit Indicators

VA Funding Fee Percentage of Exempt Veterans 40% 35% 33% 30% 30% 25% 22% 23% 26% 27% 2009 2010 19% 20% 15% 34% 15.00% 10% 5% 0% 2005 2006 2007 2008 2011 2012 2013

Thank you for serving our most deserving!