The Department of Veterans Affairs (VA) makes loans directly to Native American veterans to purchase, construct, improve, or refinance their homes located on land held in trust for Native Americans and under the jurisdiction of tribal organizations that have formal agreements with VA concerning such loans. Service members and veterans meeting length-of-service requirements who satisfy credit and income standards may obtain loans with no down payment and at lower interest rates. Unless they are exempted by law, borrowers pay VA a onetime fee equivalent to 1.25 percent of the loan amount.
