The Federal Home Loan Bank of Chicago (FHLB Chicago) purchases mortgages originated by its member institutions under the Mortgage Partnership Finance® Program (MPF®). Members must be approved by HUD to originate and service Section 184 mortgages. Information on becoming a HUD approved lender can be found on HUD's Office of Native American Programs' website (Log onto HUD's Section 184 website) and select "Becoming a Qualified Lender.") A list of tribes participating in the Section 184 Loan Guarantee Program can also be accessed on HUD's website. The FHLB Chicago's Downpayment Plus® Program (DPP®) may be used in conjunction with the HUD Section 184 Mortgage Program. DPP provides grants to income eligible homebuyers to assist with downpayment and closing costs. For more information about MPF and the Section 184 Program, contact a Relationship Banker. Key Features of HUD's Section 184 Loan Guarantee Program (excerpted from HUD's website) • Available on tribal trust, individual allotted trust, or fee simple land in an Indian operating area. • Low downpayment requirements of 1.25% to 2.25%, based on the lower of the appraised value or cost to acquire the home. • 1% financeable guarantee fee at closing. • Maximum loan amount is 150% of the FHA mortgage limit, subject to appraised value and down payment requirements. • Total debt to income ratio of 41%, which can be exceeded with compensating factors. • 100% guarantee to the lender in the event of a foreclosure and claim. • A secondary market exists for these mortgages, including the FHLB Chicago.

Dolores Bowstring, a member of the Lac Courte Oreilles Band of Lake Superior Chippewas, has lived and worked on the Lac Courte Oreilles reservation in northern Wisconsin much of her life. In early 2003, Dolores had no home to call her own and was temporarily living with her sister to make ends meet. Relying on the HUD Program to address the common barriers associated with lending on tribal land, the FHLB Chicago to purchase the HUD-guaranteed loan, and Jackson County Bank to service the loan, Chippewa Valley was able to provide construction and permanent financing for Dolores's new house. For complete story » Under the HUD Section 184 Program: • Lenders receive a 100% guarantee on qualifying mortgage loans; • The FHLB Chicago purchases guaranteed loans from participating member institutions. • Members retain the loan servicing component.