JENKS, Okla., Nov. 01, 2018 – Gateway Mortgage Group, a full-service mortgage company found by Kevin Stitt, one of the top Native American lenders, announced that over the past year and a half, they have helped over 300 Native American families achieve homeownership for a combined total of 38 million dollars in loans. According to a study completed by the US Department of Housing and Urban Development (HUD), overcrowding affects 16 percent of American Indian households in tribal areas as well as 10 percent in urban areas compared with two percent of all U.S. households. In response to these communities’ needs, Gateway continues to support the homeownership of Native Americans through the Section 184 Indian Home Loan Guarantee Program.
In 1990, November was designated as National American Indian Heritage Month, which recognizes the significant contributions the first Americans made to the foundation and development of the United States. Native American Indians have a rich culture and legacy that should be celebrated and supported, and currently, there are 567 federally recognized tribes across the nation.
Gateway is passionate about strengthening families, and the company prides itself on hiring local, caring mortgage professionals who are experienced with the Section 184 Home Loan Guarantee Program and are committed to Native American communities. Created in 1992 by HUD, the program provides low down payments and flexible underwriting to Native American borrowers. Additionally, Gateway supports its Native American customers in contacting their tribe’s housing authority to determine if down payment assistance is also available. The company offers solutions to meet every mortgage need with customized products, rates and technology. Gateway provides these services to Native Americans in 40 states including Oklahoma, Arizona, Nebraska, South Dakota and more. Since 2000, Gateway’s core purpose has been to originate and service home loans for all Americans.
“Gateway has a long history of working to expand homeownership in underserved markets, and we are passionate about providing home loans to Native Americans across the nation,” said Mark Revard, executive vice president of retail sales at Gateway Mortgage Group and Osage Nation tribal member. “We have a long history with the Section 184 Home Loan Guarantee Program. Additionally, we pride ourselves on our working relationships with the tribes in Oklahoma. In fact, Gateway has several employees who are members of Oklahoma tribes.”
Gateway is one of the largest privately held mortgage origination and servicing companies in the United States. Established in 2000 and headquartered in Jenks, Oklahoma, the company employs more than 1,200 team members in over 170 offices nationwide and currently services $18 billion in residential mortgages. For more information about Gateway, visit www.GatewayLoan.com. Gateway Mortgage Group, LLC (NMLS 7233).