Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program

What is Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program?

Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program is a shared-appreciation loan for homebuyers in Lame Deer, Montana, administered by Northern Cheyenne Tribal Housing Authority (NCTHA).

• The Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program helps enrolled Northern Cheyenne tribal members who are first-time homebuyers and qualify for a mortgage at a local lender with down payment and closing-cost assistance. Assistance is 4% of the home's total purchase price up to a maximum of $15,000, based on an affordable mortgage for the buyer's income. The Housing Authority shares in the appreciated or depreciated value of the home in proportion to the percentage of assistance it provided.
• Up to $15,000 (4% of purchase price).
• Shared-appreciation structure (no fixed repayment).
• For enrolled Northern Cheyenne tribal members.
• First-come, first-served.
• Funding comes from Northern Cheyenne Tribal Housing Authority (tribal/NAHASDA homeownership funds; confirm exact source with NCTHA).

How much assistance does it provide?

Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program offers up to $15,000 in assistance.

• Amounts are the program's published maximums, not an offer — Northern Cheyenne Tribal Housing Authority (NCTHA) determines any individual award.

Do you have to pay it back?

Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program is a shared-appreciation loan and is repaid under the terms set by Northern Cheyenne Tribal Housing Authority (NCTHA).

• Repayment is triggered by The Housing Authority shares in the appreciated or depreciated value of the home up to the percentage of assistance provided (shared-equity recapture, typically at sale).
• The assistance is recorded in Subordinate (second); confirm with NCTHA. position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

Is there eligibility for specific groups?

Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program names American Indian and Alaska Native buyers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program serves buyers purchasing in Lame Deer, Montana.

How do you apply?

Applications for Northern Cheyenne Tribal Housing Authority Down Payment Assistance Program go through Northern Cheyenne Tribal Housing Authority (NCTHA), which publishes the current terms and the application steps on its own site.

1. 1

   Contact Northern Cheyenne Tribal Housing Authority (NCTHA) to reserve funds

   Funds are reserved through First-come, first-served; complete application with all current household income required., and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.