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Application Protocol

For either program you choose, the application protocol is the same

Process

  • Apply with the participating bank.

  • The bank reviews all information and makes a recommendation to the band

  • The band decides to approve or deny the application

  • Should Skwah FN approve the application & co-sign the mortgage/loan, the member must provide collateral.

  • This collateral will be signed over to Skwah First Nation and held until the mortgage or loan is paid off

  • Once the mortgage/loan is paid in full, the land and house will be signed back to the borrower

  • Should the borrower default on their loan or mortgage, the property legally becomes the Band’s

Collateral Required

  • At least one acre of CP land that the house is or will be built on.

  • The house itself.

    • For exact details, please review the Housing Policy Handbook.

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