HeritageOne: A Solution for Financing Homes in Indian Country

Hoporenkv Native American Podcast

Episode Description:

Listen in this week to the Hoporenkv Native American Podcast as our hosts learn about a new home financing program that was developed by Freddie Mac specifically for Native Americans: HeritageOne. Catherine Houlihan, Manager of Single-Family Specialized Loan Products at Freddie Mac, connects with Ouista Atkins and Brooke Warrington, the Training and Development Coordinator and Specialist respectively, of the Seminole Tribe of Florida’s Native Learning Center to answer questions about this new, exciting product. Catherine tells of the journey Freddie Mac embarked upon while developing this home financing program designed to meet the borrowing needs of members of federally recognized Native American tribes living in Tribal Areas along with the nitty gritty regarding eligibility, servicing, benefits, and features. Be sure to listen in and spread the word to your neighbors in Indian Country.

Note for our listeners: HUD’s Section 184 program cannot be used in conjunction with HeritageOne, but HeritageOne can be combined with:

1. CHOICERenovation®
2. CHOICEReno eXPress®
3. GreenCHOICE Mortgages®
4. manufactured home mortgages
5. CHOICEHome®
6. Affordable Seconds®

Links to Include with Episode:

• https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/heritageonesm-mortgage
• https://sf.freddiemac.com/working-with-us/affordable-lending/duty-to-serve/rural-housing/native-american-homeownership-preparedness
• https://sf.freddiemac.com/faqs/heritageone-faq
• https://myhome.freddiemac.com/blog/homebuying/exploring-mortgage-options-for-native-homebuyers
• https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-expands-financing-affordable-housing-native-american