Frequently Asked Questions DO YOU ONLY HELP ALASKA NATIVES? No. We offer a Down Payment Assistance (DPA) product and our Individual Development Account (IDA) program that are available to individuals purchasing homes in the Cook Inlet Region, who meet income eligibility guidelines of either program, regardless of race, ethnicity, religion, etc. The HUD 184 program is offered to federally recognized tribal members and tribal entities. WHOSE INCOME COUNTS? For the Down Payment Assistance (DPA) product and our Individual Development Account (IDA) program, the income of every household member, including minors, is evaluated. WHO IS CONSIDERED A HOUSEHOLD MEMBER? Any person that will be living in the home at the time of purchase. WHAT IF YOU ARE NOT LEGALLY DIVORCED? If you are applying for Down Payment Assistance (DPA) product or our Individual Development Account (IDA) program and you are not legally divorced, your spouse’s income and assets will be included in total household income. I ONLY HAVE MY CHILDREN PART TIME; DO I COUNT THEM AS PART OF THE HOUSEHOLD? Child support agreements are evaluated to determine household size. CAN I RENT OUT THE HOME THAT I PURCHASE AFTER SO MANY YEARS OF LIVING IN IT? If you are participating in our Down Payment Assistance (DPA) product, owner occupancy is required for the length of the loan. HOW LONG IS THE PROCESS? For purchase transactions it would be 45 to 60 days from application date. I HAVE MY BIA CARD/DESCENDENT CARD DOES THIS COUNT AS BEING A MEMBER? Not exactly. For HUD 184 home loans, you can use the information to work with a family member to reach out to the tribe you are related to and receive the either a letter or card that proves you are a member to the tribe. I HAVE HAD BANKRUPTCY/DEROGATORY ACCOUNT/LATE PAYMENTS/COLLECTION, HOW DOES THIS AFFECT MY ABILITY TO GET A HOME LOAN? It can either lower the amount of a home you can purchase or disqualify you all together. Each of these situations can vary and it is best to speak with a loan originator about your situation, before applying. I AM ALASKAN NATIVE/AMERICAN INDIAN BUT MY SPOUSE/CO-BORROWER IS NOT, ARE WE ELIGIBLE FOR HUD 184? Yes, only one borrower needs to be enrolled in a federally recognized tribe. HOW CAN A TRIBE/CORPORATION/TDHE LEVERAGE HUD 184 FOR THEIR COMMUNITIES? To aide in financing purchases, rehabilitations and new construction homes to fit the community needs. WHAT IF I LIVE WITH MY PARENTS? For our Down Payment Assistance (DPA) product , if you do not intend to live with your parents, then they do not need to be on the application. I HAVE A FIANCE' BUT WE ARE NOT MARRIED YET, DOES HIS OR HER INCOME COUNT? If you are applying for our Down Payment Assistance (DPA) product , and your fiancé intends to live with you, then yes.