Capital Home Mortgage Amarillo

Amarillo Native American Home Loans

Amarillo Native American Mortgage Lender

Amarillo Native American Home Loans

The housing market in Amarillo is not just for the people who live there. If you’re a Native American looking to buy, rehabilitate or build your dream home, there are unique options to help make it happen. The U.S. Department of Housing and Urban Development (HUD) offers a unique program to help Native Americans achieve homeownership called the HUD Section 184 Native American home loan guarantee program. This mortgage is designed specifically for Native American tribes, providing assistance and promoting homeownership if you meet eligibility requirements.

Most lenders don’t understand the unique home loan needs of Native Americans, and these Native American home loans are challenging to obtain in the first place. 

At Capital Home Mortgage, we can help you find one, being a participating lender for Native American home loans in Amarillo. We’ve covered all the legal jargon so that nothing stands between your dream of owning a house and reality.

Benefits of Native American Home Loans

The way to get a loan approved is never an easy feat, but it just got easier for Native Americans with Section 184. This law provides up to 100% guarantee from the federal government and encourages banks or lending institutions to accept these loans. Let’s explore the other benefits that come with this opportunity:

  • Low down payment requirements: You may only pay as low as 2.25% for your loans that exceed $50,000 or pay 1.25% for loans below $50,000.
  • Market-based interest rate: You can use this mortgage to finance the construction of your home or buy an existing one, no matter the cost, since you are not required to have a high credit score.
  • With an upfront guarantee fee of 1.5% at closing: This fee is not a disadvantage since you are not obliged to pay using your own money, having it financed into the loan.
  • Minimal mortgage insurance: While you are required to pay for mortgage insurance, as long as your loan-to-value is at least 78% or above, you only pay a 0.25% annual insurance premium.

Qualification Requirements of Native American Loans 

The 184 Native American home loan program is available for a member of federally recognized Alaskan Native tribes or American Indians. You can also be eligible for this loan if you are:

  • A federally-recognized Indian tribe
  • A tribally designated housing entity
  • A part of the Indian Housing Authorities

Meanwhile, the loans for Native Hawaiians are also covered by Section 184A. And besides the qualification requirements of the borrowers, the Native American Loans must be acquired in an eligible area that you can check in Section 184’s list of approved counties. 

While you can’t get a loan in some states as Natives, that doesn’t mean you’re left high and dry. There are eligible programs for which your approval will still be partial or complete depending on the lender’s requirements.

Get a Section 184 Home Loan in Amarillo

The process of acquiring a Section 184 home loan is not that different from other types of mortgages. But because there aren’t a lot of lenders who offer this type of mortgage, it can be challenging to secure this type of financing. 

At Capital Home Mortgage, we specialize in mortgages for Native Americans in Amarillo. You deserve a hassle-free home-buying experience. Call (800) 536-8171 today and let our Amarillo Native American loan experts help you get started.

Why Amarillo 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

Amarillo 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

Amarillo 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

Amarillo 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
Texas Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas 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

Texas renovation home loans

Looking to Rehab a Texas 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

Texas FHA Home Loans

Great for 1st Time Texas 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

Texas VA Home Loans

100% Financing for Texas 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

Texas Conventional Home Loans

Flexibility for Texas 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

Texas Jumbo Home Loans

Texas 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

Texas USDA Home Loans

100% Rural Texas 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

Texas Native American Home Loans

Texas 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

Texas Manufactured Home Loans

Great Alternative Texas Housing

Texas reverse mortgages

Your Texas 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

Texas Non QM Home Loans

Making Texas 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

Texas One Time Close mortgages

Build Your Texas 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

Texas Refinance Mortgage Loans

Texas 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

Texas Cash-out Home mortgages

Texas 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

Amarillo 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

Amarillo Mortgage Company Reviews

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