Section 184 Indian Home Loan Guarantee Program

Are you part Native American? Do you have a Tribal Enrollment card? Well you are in luck! You may qualify for the Section 184 Indian Tribal Loan Guarantee Program, which is amazing! Low down payment of 2.25%, with a low mortgage insurance rate of .25%, and low funding fee of 1.50%!! Not only that, the interest rates are lower compared to conventional loans!

The Section 184 Indian Home Loan Guarantee Program is a home mortgage product specifically designed for American Indian and Alaska Native families, Alaska villages, tribes, or tribally designated housing entities. Congress established this program in 1992 to facilitate homeownership and increase access to capital in Native American Communities.

With Section 184 Indian Tribal Loan financing borrowers can get into a home with a low down payment and flexible underwriting. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.
The loan in limited to single-family housing (1-4 units), and fixed-rate loans for 30 years of less. Neither adjustable rate mortgages (ARMs) nor commercial buildings are eligible for Section 184 loans. Maximum loan limits vary by county. Click on the link below for the most current loan limits.

Section 184 – Maximum loan limit by county Revised (Effective June 1, 2016)

Loan Scenario

Melissa just found out that she is part Native American through an ancestry website. She immediately filed for, and received, her official Tribal Enrollment Card. She wanted to know if I could offer her any types of discounts on a mortgage, and I notified her that I could do the Section 184 Indian Home Loan Guarantee! With only 2.25% down payment required, and low mortgage insurance of .25%, she can take advantage of the lower interest rates this program has to offer.

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