THS Department

Lending Programs & Services

Loan Modifications & Foreclosure Prevention:

For Homeowners who have suffered a loss of income or significant life change, CIHD offers these loans to enable enrolled members to keep their homes for their families. Certain criteria and eligibility must be met to qualify.

Renovation Loans

Renovation Loans, up to $30,000.00, are available for enrolled members. These loans have a fixed rate of 4.75% and may be financed up to 15 years. Eligibility requirements exist and certain renovations are restricted.

Credit Counseling

Our Lending Officers welcome any interested enrolled member credit counseling to introduce them to financial literacy, improve credit scores, and preparation for homeownership. We also work with the schools and summer youth programs to teach fundamentals of budgeting and credit.

Portfolio Loans

CIHD offers in-house financing for enrolled members that have been declined by outside lenders. Applicants must have a minimum credit score of 550, attended credit counseling, and are employed. Additional eligibility requirements are required for approval.

Foster Parent Renovation Loans

CIHD is happy to offer enrolled members, who are fostering a child(ren) or have kinship placement, assistance to make their home livable for the child(ren). These loans are offered at 0% and may convert to a grant. Maximum amount for one child is $30,000.00, but you may be eligible for up to $50,000.00 if multiple children are placed within the home.

Down Payment Assistance

Tribal Housing Services can assist enrolled members with Down Payment Assistance (DPA) if approved by a bank. DPA is computed at 20% of the sales price, up to a maximum of $50,000.00, and repayment is deferred until the mortgage is satisfied.

Additional Information

Rate Buy Down Grant

CIHD offers enrolled members Rate Buy Down (RBD), up to $5,000.00, to purchase discount points on the interest rate. This is a grant and is non-payable. Approval for Down Payment Assistance is required.

Eligible Counties

Our service area includes Cherokee, Clay, Graham, Haywood, Jackson, Macon, and Swain Counties.

Approved Lenders

1st Tribal Lending (www.1tribal.com) and First Citizens Bank (Apply Now) offer financing for enrolled members living on the boundary. Additional banks are approved for those purchasing/building off the boundary.
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Lets Get In Touch With Us

(828) 359-6320
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