PINOLE, Calif., Dec. 2, 2015 /PRNewswire-USNewswire/ -- 1st Tribal Lending, the nation's leading Section 184 mortgage lender, announced it has committed to funding at least $60,000 in scholarships in 2015 with the American Indian College Fund. The amount will be enough to support scholarships for 16 American Indian students for the 2015-2016 school year.
"As the country's leading provider of mortgage loans specifically for the Native American community, we feel a kinship and responsibility to this underserved segment of the population," said Brett Robinson, managing director of 1st Tribal Lending. "The ability to give back to the Native American community through this scholarship fund is one that we welcome, and we look forward to sponsoring even more scholarships for the next school year."
Donations for scholarships are funded based on the number of loans 1st Tribal Lending closes per month. Given the firm's volume through the first three quarters of the year, 1st Tribal is on track to exceed its minimum commitment of $60,000. In addition to providing these scholarships, 1st Tribal Lending also provides financial literacy outreach to Native American tribes.
Cheryl Crazy Bull, President and CEO of the American Indian College Fund, said, "The American Indian College Fund appreciates the support of one of our leading financial institutions. Not only are we pleased about the scholarship program, we are pleased that an institution that helps make the dreams of home ownership and financial security a reality for tribal people is partnering with us. We have a shared vision of prosperous citizens. A college education leads to quality jobs and good jobs lead to the opportunity for homeownership."
About the American Indian College Fund
Founded in 1989, the American Indian College Fund has been the nation's largest provider of support for American Indian higher education for more than 25 years. The College Fund provides an average of 6,000 scholarships annually and innovative programs and support for the nation's 34 accredited tribal colleges and universities which are located on or near Indian reservations. The College Fund consistently receives top ratings from independent charity evaluators. For more information, please visit www.collegefund.org.
About 1st Tribal Lending
1st Tribal Lending is the nation's leading provider of Section 184 loans – a home loan guarantee program offered by the Office of Native American Programs (ONAP), a subgroup of the Department of Housing and Urban Development's (HUD's) Public and Indian Housing.
1st Tribal Lending is comprised of the most experienced HUD Section 184 lending team in the nation. Much of our staff has been in the HUD Section 184 industry for greater than ten years. Our underwriters were among the first in the nation to become approved to directly underwrite this loan product.
The 1st Tribal Lending team has successfully closed thousands of HUD Section 184 loans across the nation. These loans include properties on the reservation, off the reservation, site built construction, remodels, rehabs, and manufactured homes. Also refinances for a multitude of purposes have been successfully funded. For more information, visit https://www.1tribal.com/.
SOURCE American Indian College Fund