Capital Home Mortgage Arizona

Arizona Native American Home Loans

Native American Mortgage Lender Arizona

Native American Home Loans In Arizona

The Arizona Native American Home Loan Program refers to mortgage programs aimed to help Native American communities in Arizona become homeowners, most notably the Section 184 Indian Home Loan Guarantee Program and the Native American Direct Loan (NADL) program.

What is the HUD Section 184 Loan Program?

Congress established the Section 184 Indian Home Loan Guarantee Program in 1992 to increase access to capital and facilitate homeownership in Native American communities. It is intended for American Indian and Alaska Native families, Alaska villages, tribes, and housing entities designated by tribes. The program provides options for modest down payments and flexible underwriting.

This loan may be used for various purposes, including new construction, rehabilitation, purchasing an existing property, or refinancing an existing mortgage on and off native lands. Over 400,000 Native Americans reside in Arizona, making it the third most popular state for Section 184 Loans, according to the data.

The Native American Direct Loan (NADL) program, on the other hand, provides home loans to eligible Native American Veterans who wish to purchase, build, or renovate a home on Federal Trust land or to reduce their interest rate. Veterans who are not Native Americans and are married to Native Americans may also qualify for this program.

These programs are crucial in overcoming the historically more significant obstacles Native Americans have faced in obtaining a mortgage loan.

HUD 184 Loan Eligibility Requirements

To qualify for a HUD 184 loan, you must satisfy the following criteria:

  • Native American or American Indian ancestry;
  • Be a member in good standing of a federally recognized tribe;
  • Have suitable credit, although the program has no minimum credit score requirement;
  • Have adequate income;
  • Have an average debt-to-income ratio of less than 41%;
  • You are financing your primary home. The Section 184 loan program does not support investment properties or second residences;
  • Location: The home must be in an approved state or county, and if it’s on Tribal trust land, you must be able to procure a lease from the tribe.

Section 184 has no income restrictions. You may utilize the program multiple times but only have one outstanding Section 184 loan at a time.

Advantages of Section 184 Loan

The HUD Section 184 loan offers several advantages to eligible Native American and Alaska Native tribal members, making it an attractive option for individuals in these communities who wish to purchase or refinance a residence.

  • Low Down Payment

One of the most significant advantages of Section 184 loans is their low down payment requirement, which makes homeownership more accessible to many individuals. The required down payment is 2.25 percent for loans over $50,000 and 1.25 percent for loans under $50,000.

  • Flexible Underwriting

Section 184 loans have flexible underwriting standards, which means that even if a borrower’s financial status isn’t ideal, they may be able to obtain a loan.

  • Multiple Uses

These loans can be used for various objectives, including new construction, rehabilitation, home buying, and refinancing. This adaptability makes it easier for people to use the loan in the way that best suits their needs.

  • Guaranteed by the Federal Government

The federal government backs HUD 184 loans, which decreases risk for lenders. Because of this assurance, lenders are frequently ready to grant these loans on more advantageous terms than they would for other loan types, such as lower interest rates.

  • Broad Eligibility

The loan is offered to a wide range of potential borrowers if the applicant is a member of a federally recognized tribe or tribally designated housing body.

  • Nationwide Availability

HUD 184 loans are accessible to a large population because they are available to tribal citizens in all states where the program is available (except New York).

Apply for a Section 184 Loan with Capital Home Mortgage

Arizona homebuyers interested in the Section 184 Indian Home Loan Guarantee Program can benefit significantly from Capital Home Mortgage. This loan program is valuable for promoting homeownership among Native American communities in a state with a large Native American population. Capital Home Mortgage facilitates access to homes with low down payments and flexible underwriting, and the loans can be used for new construction, the purchase of an existing home, rehabilitation, or refinancing. The added benefit of manual underwriting is that it allows consideration of each borrower’s unique circumstances, assuring a personalized approach that may be more advantageous for individual clients. In conclusion, the assistance of an experienced lender such as Capital Home Mortgage will be indispensable for navigating this specialized loan process.

Call (480) 360-6650 to speak with one of our Arizona Home Loan Specialists about qualifying for a Section 184 loan in Arizona.

Why Arizona HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Arizona Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Arizona Native American Purchase Loans

  • Primary Residences Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase an Existing Home
  • Construction of a New Home
  • Rehab an Existing Home
  • Purchase / Rehab Combo Loan

Arizona Native American REfinance Loans

CAsh-Out or Renovation

  • Appraisal Required
  • 97.75% Max LTV for Rehab
  • 85% Max LTV for Cash-out
  • County Loan Limits Apply

Streamline REfinance

  • HUD 184 to HUD 184
  • No Income Qualification
  • No Appraisal Required
  • No Mortgage Lates in Last Year

Arizona Native American Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Shawna Johnson

Manu / Reno / OTC
NMLS #1631859

Brad Rund

Business Dev Manager
NMLS #224674
Arizona Mortgage Programs

Arizona Home Purchase

Thinking of Buying an Arizona Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Arizona renovation home loans

Looking to Rehab an Arizona Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Arizona FHA Home Loans

Great for 1st Time Arizona Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Arizona VA Home Loans

100% Financing for Arizona Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Arizona Conventional Home Loans

Flexibility for Arizona Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Arizona Jumbo Home Loans

Arizona Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Arizona USDA Home Loans

100% Arizona Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Arizona Native American Home Loans

Arizona HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Arizona Manufactured Home Loans

Great Alternative Arizona Housing

Arizona reverse mortgages

Your Arizona Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Arizona Non QM Home Loans

Making Arizona Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Arizona One Time Close mortgages

Build Your Arizona Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Arizona Refinance Mortgage Loans

Arizona Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Arizona Cash-out Home mortgages

Arizona Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Arizona Mortgage Company Reviews

Arizona Cities

Phoenix Home Loans

Tucson Home Loans

Mesa Home Loans

Chandler Home Loans

Gilbert Home Loans

Glendale Home Loans

scottsdale Home Loans

Peoria Home Loans

Tempe Home Loans

Surprise Home Loans

Prescott Home Loans

Flagstaff Home Loans

Surprise Home Loans

Buckeye Home Loans

Goodyear Home Loans

Yuma Home Loans

Avondale Home Loans

queen creek Home Loans

Flagstaff Home Loans

Maricopa Home Loans

Casa Grande Home Loans

Lake Havasu City Home Loans

Marana Home Loans

Prescott Valley Home Loans

Oro Valley Home Loans

Prescott Home Loans

Sierra Vista Home Loans

Accessibility Toolbar