Fannie Mae, Creeks offer housing help to tribal members - - Tulsa, OK - News, Weather, Video and Sports - |

Fannie Mae, Creeks offer housing help to tribal members

(Okmulgee-AP) -- Members of the Creek Nation may qualify for help with housing under a program announced today by the tribe's housing authority and Fannie Mae.

Fannie Mae officials say the program allows families to purchase homes with no money down. Fannie Mae is a federally charted five-year forgivable mortgage loan for up to $25,000 or 50 percent of the sales price of a home -- whichever is less. The program is made possible through Native American Housing and Self-Determination Act funds.

The loans are available to tribal members earning at or below 80 percent of the national median income of about $40,000 for a family of four.
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