Capital Home Mortgage Brownsville

Brownsville Native American Home Loans

Brownsville Native American Mortgage Lender

Brownsville Native American Home Loans

Statistics show that only about 50% of Native Americans living in the United States are homeowners. Given that the Department of Housing and Urban Development (HUD) has a unique loan program that makes homeownership more manageable and accessible to Native Americans, this data is quite surprising.

What is the HUD-184 Loan?

The Department of Housing and Urban Development runs a government-backed loan program called the HUD-184 Loan. This program was established to help Native American tribal members secure mortgage loans on more favorable terms.

Who is Eligible for HUD-184 Loan?

Anyone part of a federally recognized tribe can apply for a home loan through the Section 184 Loan Program. Whether you’re a first-time buyer or not, as long as you have a Tribal Membership or Citizen Card from a federally recognized tribe, you are eligible for the Loan. Moreover, only one of the applicants needs to be a Tribal member. You can still qualify for the HUD-184 Loan even if your spouse is the primary breadwinner and not a tribal member.

HUD 184 Loan: What You Need to Know

Capital Home Mortgage is a full-service Brownsville mortgage lender that specializes in helping Native Americans secure mortgages. We have assisted numerous Native Americans in purchasing homes, and we can also assist you.

Are you thinking about applying for a HUD-184 loan? Here are some crucial facts you need to know about the Loan before you use it.

  • Credit Score: 

The HUD-184 Loan doesn’t have a minimum credit score requirement, making it a good choice for qualified people but those with bad credit. In contrast to most mortgage programs, borrowers with bad credit are not required to pay higher interest rates.

  • Debt-to-Income Ratio: 

Lenders use a debt-to-income ratio of 41% to determine the maximum loan amount borrowers can afford.

  • Income Limit for Borrowers: 

The HUD-184 Loan has no income limits for borrowers.

  • Downpayment and Closing Costs: 

The down payment and closing costs on a HUD-184 loan are among the market’s lowest. A 2.25 percent down payment is required for loans over $500,000, while borrowers financing an amount below $500,000 need only make a 1.25 percent down payment. There is, however, a 1.5% one-time guarantee fee that goes to the government. These funds may come from your savings, investments, or family gifts. Tribal assistance is also accepted.

  • First-time and Repeat Homebuyers: 

Unlike other low-down-payment mortgage programs, this one is available to first-time and repeat buyers. Borrowers who qualify may participate in the program multiple times but are only eligible for one Section 184 Loan at a time.

  • Type of Mortgage: 

Eligible Borrowers may use the HUD-184 Loan to purchase, construct, or renovate a home. Many homeowners also refinance their existing HUD-184 loans to get better terms.

  • Underwriting Process: 

The underwriting process for HUD-184 loans is more involved. The underwriter manually reviews your application rather than simply uploading the documents into a computer and receiving an automated yes/no answer. This may increase your odds of getting a mortgage and help you find one that works for your situation.

Due to its superior flexibility and favorable terms, there is no better loan option for Native American homebuyers than a HUD-184 loan. The thing is, a Section 184 loan can be hard to secure. 

As long as you are a qualifying Native American tribe member, the mortgage professionals at Capital Home Mortgage can assist you in applying for a Section 184 loan. We’d be happy to answer all your questions regarding the Section 184 mortgage and any other loan options that may interest you. 

Apply for a Native American Home Loan

Our team has a proven track record of helping the Austin Native American Community achieve their dreams of home ownership. We accomplish this by successfully working with the HUD Office of Native American Programs and the Bureau of Indian Affairs to lend in Indian Country. With decades of combined mortgage experience, we are here to assist you with your home mortgage needs. It is an honor to help make your homeownership dream a reality, and we appreciate your trust in our team. Call our Native American Team at (800) 536-8171 now.

Why Brownsville HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates and Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

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

Brownsville Native American Purchase Loans

HUD 184 Home Loans are solely for Native Americans and offer a variety of purchase benefits.

  • 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

Brownsville Native American REfinance Loans

HUD 184 Refinance Home Loans can streamline rate & term, equity cash-out, or Rehabilitation of current residence.

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

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

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

Brownsville Texas Native American Mortgage Team

Brad Rund

Director Native American Lending
Director Manufactured Housing

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brownsville Mortgage Company Reviews

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