Section 184 Loans

The Section 184 Indian Home Loan Guarantee Program is a powerful tool to make homeownership easier for Native Americans. Because of this program, members of federally-recognized Tribes can purchase a home with very little down payment and no credit score minimum. But perhaps even more important is the loan’s ability to lend on Tribal trust […]

The Section 184 Loan is a powerful tool for Native American homebuyers. →Skip to the Section 184 Loan Qualification Infographic. It requires just 2.25% down and is more affordable monthly than FHA. You can also use it to buy on Tribal Trust land. Here’s what it takes to be eligible. Speak with a lender to

Native American homebuyers, when they hear of the Section 184 Loan, often ask whether it’s really better than FHA. Is the program worth the extra work? For most, it is. Here’s a summary of Section 184 advantages and disadvantages vs FHA. We’ll go into each aspect in detail after the table. Get a Section 184

One of the most surprising aspects of homebuying for first-timers is closing costs. Lenders advertise the required down payment, but forget to tell you that there’s another 2-5% of the home’s price in closing costs on top of the down payment. So instead of needing the standard 2.25% down payment for Section 184 Loans, you

The only Section 184 Loan Calculator that factors in accurate down payments and mortgage insurance for this program. Estimate your upfront and monthly costs. Check your Section 184 Native American home loan eligibility. For informational purposes only. Not a quote or commitment to lend. Speak with a Section 184 lender for a written quote. Section

As a Native American, there’s no reason that you need a large down payment to buy a home. Section 184 loan down payment requirements are ultra-low, and assistance may be available. That’s great news, since the down payment is often the biggest barrier to homeownership. Here’s how much down payment you need for this homebuying

More than 400,000 Native Americans live in Arizona, putting it in the top three in the U.S. for Native population. It’s no wonder that it’s also the third most popular state for Section 184 Loans, according to HUD. What is surprising is that more Native Americans don’t use the program. In fact, fewer than 3,000

Section 184 Loan rates are tough to find online for a few reasons. That’s why we advise you to get a personalized rate quote from a Section 184 Loan lender. No online estimate will show your true rate. All that being said, we’ll try to give you a ballpark of where rates are at the

California has the biggest population of Native Americans of any state, over 800,000 strong. That’s over 300,000 more than Oklahoma, the state with the next largest Native population. It’s surprising, then, that California ranks only 4th for Section 184 Native American Home Loans.  Perhaps if more Native People in California knew about this program’s benefits,

New Mexico is home to more than 200,000 Native Americans, which is why the state is one of the most popular for Section 184 loans. Section 184 is another name for the Native American Home Loan program, which is opening up opportunities for many people to become homeowners.  It offers a low down payment, no