Real Financial TOols
Affordable housing programs to meet your needs
Our affordable housing programs help meet the needs of an under served population. Because of the restrictions put on lending in recent years, there is a significant need for home financing by those who have good credit and a responsible debt burden, but who have been unable to put aside sufficient funds to provide a down payment. There are also a significant number of borrowers who would rather save the nest-egg they have carefully amassed for a rainy day rather than use it for a down payment.
An Approved Government Mortgage Lender
CBCMA was created on May 13, 2013 as a subsidiary of the Cedar Band Corporation (“CBC”), which was created as an arm of tribal government under the constitutional authority of the tribal council of the Cedar Band of Paiutes of the Paiute Indian Tribe of Utah (the “Cedar Band”). The Cedar Band is a Federally Recognized Native American sovereign nation. Formal federal recognition of the Cedar Band occurred on April 3, 1980 with the passage of the Paiute Indian Tribe of Utah Restoration Act (25 U.S.C. § 761, et. seq.). Section 3(a) of that Act states that the federal trust relationship is "restored or confirmed with respect to the Cedar City Band of Paiute Indians of Utah." (25 U.S.C. § 762(a)).