A Place to Call Your Own


HOMEOWNERSHIP IS ACHIEVABLE through several avenues; one that is underutilized is the HUD Section 184 Home Loan Program. Mille Lacs Band members are fortunate to have Woodlands National Bank provide this unique opportunity for financing! Benefits of this program include:

– Low down payment (1.75%-2.25%)

– No private mortgage insurance (PMI) required

– Payments are made directly to Woodlands National Bank offices, and loans are not sold

– Manufactured homes are eligible for financing

– Construction loans are written at the same low down payment

– Down payment and closing cost assistance is available via GRANTS

– Non-traditional credit can be used for approvals

When you find or wish to build your dream house, either on or off-reservation, don’t pass up the opportunity! Explore all of your options, especially by contacting Woodlands National Bank Mortgage Office at 320-532-4142 or visiting www.woodlandsnationalbank.com to fill out your application today! Woodlands National Bank will assist you to build or create credit to assist you in obtaining your financing.

Grants through the Federal Home Loan Bank Native American Homeownership Initiative (NAHI) fund allow up to $15,000 in down payment assistance for 2019.

If your home site is located on tribal property, you MUST have an approved land lease acceptable to HUD on file with Woodlands National Bank.

Homeownership benefits begin the day you sign on the dotted line and accept your keys! Building equity for your future allows for endless possibilities from that new kitchen remodel to landscaping work and additions! The legacy you build in your home can be passed on through future generations!

Woodlands National Bank services Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota. When you locate your perfect location, if it is on Mille Lacs Band owned property, you will need to obtain a land lease. Land leases are available through application to the Department of Natural Resources – Real Estate Department and are approved by the Band Assembly.
The Band owns property in fee simple and trust status, depending on which location you choose determines more specific time frames for final closing. For leasing questions and available lease sites, contact the Real Estate Department at 320-532-7897.