Home Loan
$1000 Voucher



Bank2's $1,000 Voucher for Home Loan Closing Costs
Now Available for Chickasaw Citizens and Employees through July 31 

Bank2 enables the Chickasaw Nation to continue serving our citizens and employees with special programs like this $1,000 voucher for home loan closing cost. Fully owned by the Chickasaw Nation, Bank2 is a long-standing national leader in home loans for Native Americans. As the state's largest source of Native American home loans, Bank2 wants to help you fulfill the dream of homeownership. For all applications received from May 1 through July 31, 2017, Bank2 has as a special offer for Chickasaw citizens and employees to provide a $1,000 voucher toward closing costs on home loans for qualified borrowers.


$1,000 Voucher for Home Loan Closing Costs Frequently Asked Questions
These Frequently Asked Questions provide more detail about Bank2’s $1,000 Voucher for Home Loan Closing Costs. Contact a Bank2 Mortgage Loan Originator at (877) 409-2265 or apply online today at Bank2.Bank

Q. What are the requirements to receive the $1,000 voucher toward my home loan closing costs?
This limited time offer is being extended to Chickasaw citizens and employees on home loans with application dates between May 1 and July 31, 2017. The Chickasaw citizen or employee must be named on the loan.

Applicants must meet all loan product and underwriting criteria as well as complete a home purchase or refinance with Bank2 to receive the $1,000 voucher at time of closing. The voucher applies only to closing costs and is not redeemable for cash or combinable with another offer.

Q. Does the home have to be located in Oklahoma?

Q. What closing costs can be covered?
Fees associated with closing costs such as property appraisals, title fees, home inspection fees, mortgage application/loan origination fees and others.

Q. Does the $1,000 voucher apply to any type of loan?

As long as the loan is a first-lien long-term mortgage on a primary residence, most types of home loans qualify for the $1,000 voucher.  HUD-184**, Conventional, and FHA loans are examples of loans that qualify. If you’re interested in the $1,000 voucher to help cover you home loan closing costs, talk with your Mortgage Loan Originator to confirm the type of loan you choose qualifies for the special offer.

Q. How do I apply?
There is no application process for the voucher itself.  As long as you complete a home purchase or refinance on an owner occupied home with an application date between May 1 through July 31, 2017 you will receive the $1,000 voucher certificate at the time of closing. The $1,000 will be used to offset your total closing costs.

Q. Can I use this on my home’s second mortgage or on a home improvement loan?
No. This offer is available to applicants on first-lien purchase or refinance home loans for their primary residence.  

Q.  I’ve heard some banks will inflate the loan’s interest rate to offset lender credits like discounts on closing costs. Will participation in this voucher program affect the interest rate I receive on the loan itself?
No. The $1,000 voucher certificate you sign at closing is a true cost-savings to you. Electing to participate in the voucher program does not affect the interest rate you will pay for the life of the loan.

Q. Can this voucher be applied to the principal loan if the home purchase negotiations have resulted in the seller paying closing costs
No. This voucher only applies to closing costs paid by the loan applicant(s).

Q. Can I combine this voucher with the Chickasaw Housing Authority’s Grant?
Yes. This voucher may be combined with the Down Payment and/or Closing Cost Assistance Grant in applicable situations. If the sum of the grant and the voucher are greater than that of the loan’s closing costs, the voucher will be considered used in full and no cash will be issued for any remaining balance.

*Applies only to qualifying home loans through Bank2. Bank2’s underwriting standards for approval of loan applications apply to all loan applications regardless of race or color; Religion; National Origin, Sex; Marital or Familial Status; Age; all or part of an applicant’s income derives from any public assistance program and because the applicant in good faith exercised any right under the Consumer Credit Protection Act. This is not an offer to lend. This is not a guarantee or approval. Bank2 NMLS: #449326.

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