The HeritageOneSM mortgage offering is an innovative financing solution designed to meet the borrowing needs of members of federally recognized Native American tribes living in tribal areas. With this offering, borrowers have access to conventional financing for various types of land ownership interests (e.g., tribal trust land, allotted trust land, unrestricted or restricted fee simple land, etc.) and for homes located within eligible Native American tribes’ tribal areas.

To use HeritageOne:

  • At least one borrower must be an enrolled member of a federally recognized Native American tribe who will occupy the property as their primary residence.
  • Regarding tribal eligibility, a federally recognized Native American tribe that has either entered into a memorandum of understanding with Freddie Mac or is listed in HUD’s most recent Section 184 Participating Tribes List is considered eligible. (Note: The mortgaged premises must be located in the tribal area of an eligible Native American tribe.)
  • For purchase transaction mortgages where all occupying borrowers are first-time homebuyers, at least one occupying borrower must complete a homeownership education program before the mortgage’s note date.

Bring more borrowers to the closing table by combining HeritageOne with the flexibilities of Freddie Mac’s CHOICERenovation®, CHOICEReno eXPress®, GreenCHOICE Mortgages®, manufactured home mortgages, CHOICEHome® and Affordable Seconds®, as applicable. 

Key Lender Benefits:

  • Expand your reach and grow your business by offering conventional, fixed-rate mortgage financing for members of federally recognized Native American tribes living in tribal areas.
  • Access standardized mortgage guidelines and guidance from Freddie Mac to navigate the challenges of lending in tribal areas.
  • Offer financing for multiple residential property types, including condominiums and manufactured homes.
  • Meet market demand for more financing solutions for this historically underserved market and contribute to making housing more affordable and accessible. 

Key Borrower Benefits

  • Gain more home financing options.
  • Attain homeownership with a conventional mortgage solution.
  • Use funds from a variety of sources for the down payment, reserves and closing costs.
  • Receive a credit to offset any appraisal costs.
  • Make a down payment as low as 3% of the home’s sale price.
  • Access homeownership education programs.
  • Not subject to income limits to be eligible for HeritageOne.