Lending | Four Directions Development Corp

Loans

FOUR DIRECTIONS DEVELOPMENT CORPORATION WANTS TO CONNECT YOU WITH THE FUNDING YOU NEED TO REACH YOUR GOALS, WHETHER YOU WANT TO FIX UP YOUR HOUSE OR START A NEW BUSINESS!

Residential Loans

Four Directions offers many residential loan options to help you find the house of your dreams. We have products available for homes on- and off-reservation. FDDC offers multiple home mortgage products to get you into a house that’s right for you. We have the resources, information, and services you need for your home purchase.

Due to the large geographic area in which FDDC makes loans, it is always best to call ahead and schedule an appointment for more information regarding FDDC lending.

FDDC offers multiple home lending options to help you get into the home of your dreams! We have the resources, information, and services you need to obtain a home loan and close on your new house!

Don’t let a large down payment stop you from buying a new home. FDDC provides down payment assistance to eligible Native Americans in Maine. Approved applicants will receive $5,000 toward a down payment on a home purchase. The applicant’s income must be at or below 100% of the current median household guidelines from NAHASDA . Approved applicants are expected to complete an 8-hour First-Time Homebuyer Education workshop prior to closing. Availability dependent on funding.

Have expensive fixes to make around the house? Our Home Improvement loans can be used for upgrades for safety, accessibility, energy efficiency, and comfort. Schedule an appointment to discuss our construction requirements for your next home improvement project. Please note that we do not offer traditional Home Equity Lines of Credit (HELOCs) or Interest-Only Construction Loans. FDDC Home Improvement Loans are fixed-rate, term loans.

If you are interested in applying for a loan or would like more information about our programs, please contact us today by calling (207) 866-6545. We can’t wait to help you achieve your financial goals!

Small Business Loans & Services

If you are a Native entrepreneur looking to start or grow your business, we have the lending resources you need to enhance your offerings and sustain your business.

We want to help your business thrive. We want to see the proliferation of Native-owned businesses across Maine and ensure that your business receives the support and resources it needs to succeed in the current business landscape. We want to move Native businesses forward!

Four Directions Development Corporation is proud to offer the business services you need to start or grow your business in Maine. We provide assistance with developing business plans, improving personal credit, creating a marketing plan, and creating financial projections. We can help you learn more about the technical aspects of owning a business to help your business grow and meet its goals!

Do you have a business on or off-reservation? FDDC is proud to offer loans to help Native-owned small businesses and entrepreneurs cover operating expenses, equipment, vehicles, and commercial real estate. Small business loans have a maximum amount of $250,000 and are offered at affordable rates with flexible terms. Inquire now to learn more about requirements and terms!

Interested in applying for a loan? Want to learn more about how to start or grow your Native-owned small business? Contact Four Directions today!

Community Development Loans & Services

Four Directions strives to improve Tribal communities’ facilities and programs and is proud to offer lending opportunities focused on directly benefiting these communities.

Tribal governments, nonprofits, and tribal enterprises can work with Four Directions for financing that fits your real estate pre-development, construction costs, infrastructure, and working capital needs for:

  • Single-Family Housing Development
  • Multi-Family Housing Development
  • Elder Housing
  • Community Facilities
  • Business Ventures

Our Community Development advisory services can be tailored to your project. We can help you examine the legal, financial, managerial, market, and risk factors in your housing, community, or business project. We can connect you to experts in market research, feasibility studies, project or business planning, and organizational structure.

Due Diligence

Getting objective and reliable information for tribal projects is crucial for success. We can assist in conducting due diligence to examine business performance, company structure, background checks, and references.

Financial Packaging

We help identify federal, state, and private sources of capital, including New Markets Tax Credits and Low-Income Housing Tax Credits, as well as HUD, USDA, and CDBG programs for community development projects. We can assist you in attracting private financing partners, such as banks and investors.

Contact us today to find out how we can help your department enhance your community!