U.S. Department of Veterans Affairs CMV - News Update

U.S. Department of Veterans Affairs sent this bulletin at 10/30/2024 09:00 AM EDT

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In Case You Missed It: The Center for Minority Veterans is sharing recent news stories that may be of interest to minority Veterans, service members, and their supporters on a weekly basis.

More Veterans now eligible for the Native American Direct Loan (NADL)

10/24/2024 09:30 AM EDT

For the first time, VA has entered into a Memorandum of Understanding (MOU) for the Native American Direct Loan (NADL) program with the Cherokee Nation. The Cherokee Nation is one of the latest tribes to sign an agreement with VA, and this MOU opens the door for Veterans, service members and their spouses to apply for a NADL to buy, build or modify a home on federal trust lands. In addition to offering low interest rates, NADL offers Native American Veterans other benefits, including no private mortgage insurance, no down payments, limited closing costs, the ability to refinance loans and a benefit they can use repeatedly throughout their lives. [From VA News]

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