Capital Home Mortgage College Station

College Station Native American Home Loans

College Station Native American Mortgage Lender

College Station Native American Home Loans

Native Americans or Alaska Natives looking to buy a home can choose a Section 184 mortgage to finance the purchase. 

Section 184 Indian Home Loan Guarantee Program is a unique home mortgage program for American Indian and Alaskan Native families, Alaska villages, or tribally designated housing entities. This home mortgage program aims to give Native Americans access to financing to own a home in the U.S.

There are specific rules around who is eligible for this particular loan program. But for qualified borrowers, there are unique benefits, too. 

Do you need assistance with Native American home loans in College Station? Our mortgage experts here at Capital Home Mortgage are here to guide you through the process.

HUD Section 184

Through Section 184, the Office of Loan Guarantee of the U.S. Department of Housing and Urban Development guarantees home mortgage loans from participating lenders to Native borrowers. Section 184 offers a 100% guarantee to encourage banks and lending institutions to provide mortgage loans to Native Americans.

Eligible Borrowers

The following are eligible Native borrowers for this program:

  1. Members of federally recognized American Indians and Alaska Native tribes. Check this list of Federally recognized tribes.
  2. Federally-recognized Indian tribes
  3. Indian housing authorities
  4. Tribally designated housing entities

Native Hawaiians are covered under Section 184A.

Eligible Areas

Section 184 lists approved counties by the State where Native Americans may reside. Eligible areas extend beyond tribal trust land. 

Benefits of Section 184

Section 184 entitles Native American borrowers to many benefits to make house ownership easy. The program only requires a 2.25% down payment for loans over $50,000 or 1.25% for loans under $50,000. The interest rate is also based on market rates, not the borrower’s credit score. 

There is an upfront loan guarantee fee of 1.5% at closing, but you can finance it into the loan. For loans with a 78% loan-to-value, there is a minimal 0.25% annual mortgage insurance premium. Section 184 also protects Native Americans from predatory lending, and all Section 184 loan fees are monitored and approved by the Office of Loan Guaranty.

Allowed Usages of Funds

As a qualified borrower, you can use your Section 184 loans for the following:

  1. Purchasing an existing home in an eligible area.
  2. Constructing a new home, including manufactured homes with permanent foundations.
  3. Rehabilitating homes.
  4. Purchasing and rehabilitating an existing home.
  5. Home loan refinancing (rate and term, streamline, cash out).

The home purchase or construction must be for a single-family home. The home must also be for a primary residence, not a secondary residence or investment property. 

Apply for a Native American Home Loan Today

Here at Capital Home Mortgage, we’ve made it our mission to deliver an easy and efficient experience regarding Section 184 Home Loans in College Station. Our team has successfully closed these loans for Native Americans around the country. 

As direct mortgage lenders, we handle the entire application and finance all mortgages from our coffers. This way, we can extend additional savings to you by giving you competitive interest rates and low processing fees.

Contact us at (979) 393-0049 to speak with our loan officers about obtaining your College Station Native American mortgage. 

Why College Station 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

College Station 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

College Station 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

College Station 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

College Station Texas 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

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