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Texas Native American Home Loans

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Texas Native American Mortgage Lender

Texas Native American Home Loans

According to statistics, only about 50% of the Native American population in the United States own a home. This data is a surprise considering that the Department of Housing and Urban Development (HUD) has a particular loan program set up to make homeownership more straightforward and accessible to Native Americans.

The HUD-184 Loan

The HUD-184 Loan is a federally-backed loan program by the Department of Housing and Urban Development.  It was created specifically to provide Native American tribal members access to mortgage financing with flexible terms.

HUD-184 Loan Eligibility

The Section 184 Loan Program is open to any one member of a federally recognized tribe.  The loan is available to all Native Americans, first-time and repeat homebuyers, as long as they have a Tribal Membership or Citizen Card from a tribe officially recognized by the government.

One distinct advantage of this particular loan program is that only one of the applicants must be a Tribal member. You can qualify for a HUD-184 loan even if your spouse is not a member of any tribe and is the sole/primary earner in your household.

Qualifying for the HUD-184 Loan

Capital Home Mortgage is a full-service Texas mortgage company that offers and specializes in Native American Home Loans. We have helped countless Native Americans achieve their homeownership, and we can do the same for you too!

Are you interested in a HUD-184 loan? Here are some critical details you need to know before applying for the loan.

  • Credit Score: 

The HUD-184 loan does not require a minimum credit score, making it ideal for qualified but credit-challenged borrowers. Unlike most mortgage programs, borrowers with poor credit are not required to pay higher interest rates.

  • Debt-to-Income Ratio: 

Lenders generally use a 41% debt-to-income ratio to determine the loan size that borrowers can afford.

  • Borrower Income Limit: 

The HUD-184 Loan does not apply to borrower income limits.

  • Down Payment and Closing Costs: 

The HUD-184 loan has some of the lowest down payment requirements in the market. A 2.25 percent down payment is required for loans over $50,000 and 1.25 percent for loans less than $50,000. There is also a one-time 1.5 percent guarantee fee paid to the government. This money could come from your savings, investments, or gifts from family members. Tribal assistance is also accepted.

  • First-time and Repeat Buyers: 

Compared to other low-down-payment mortgage programs, this one is open to first-time and repeat home buyers. Eligible borrowers may participate in the program multiple times but are allowed only one Section 184 Loan at a time.

  • Buy, Build, Renovate: 

Qualified borrowers may use the HUD-184 Loan to purchase, build, or remodel a home.

  • Refinance: 

Many homeowners also refinance their existing loans with HUD-184 loans to get better terms.

  • Manual Underwriting: 

Rather than submitting documents to a computer that generates mortgage approvals or denials based solely on numbers, HUD-184 loans go through a detailed and thorough manual review process. This could mean a higher chance of approval and getting a mortgage that better suits your needs.

Need Help With Section 184 Loan?

HUD-184 loans offer more flexibility and have better terms than other types of loans, making them an excellent choice for Native American home buyers. However, obtaining a Section 184 loan can be a complicated process.

If you are a member of a Native tribe and believe you may be eligible for a Section 184 loan, the mortgage experts at Capital Home Mortgage can help! 

We provide free consultations, answer any questions you may have about a Section 184 mortgage, and will walk you through all available loan options. Call us today at 800-536-8171 and speak with our Native American Team!

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Texas Native American Home Loans

How to Use a Native American Home Loan

  • Purchase an Existing Home.
  • Construction of a New Home (Site Built or Manufactured Homes on Permanent Foundations)
  • Rehabilitate an Existing Home.
  • Purchase / Rehabilitation Combination
  • Refinance Home (Rate and Term, Streamline, Cashout)
  • Primary Residences Only

Advantages of a Native American Home Loan

  • Low Down Payment.. 2.25% on loans over $50,000 and 1.25% on loans under $50,000.
  • Approval not based solely on  the applicants credit scores.
    Manual Underwriting: The program uses a hands on approach to underwriting.
  • Section 184 Upfront Loan Guarantee Fee and Annual Mortgage Insurance
  • A one time 1.5% upfront fee paid at closing and can be financed into the loan should you choose.
  • Loans with a loan to value of 78% or greater will have an annual .25% mortgage insurance premium.
  • Protection from predatory lending: Section 184 loans are not subject to adjustable rate mortgages.
Know Your Buying Power
Cash Out or Save Today
Have Questions?
Native American Home Loan Benefits

How to Use a Native American Home Loan

  • Purchase an Existing Home.
  • Construction of a New Home (Site Built or Manufactured Homes on Permanent Foundations)
  • Rehabilitate an Existing Home.
  • Purchase / Rehabilitation Combination
  • Refinance Home (Rate and Term, Streamline, Cashout)
  • Primary Residences Only

Advantages of a Native American Home Loan

  • Low Down Payment.. 2.25% on loans over $50,000 and 1.25% on loans under $50,000.
  • Approval not based solely on  the applicants credit scores.
    Manual Underwriting: The program uses a hands on approach to underwriting.
  • Section 184 Upfront Loan Guarantee Fee and Annual Mortgage Insurance
  • A one time 1.5% upfront fee paid at closing and can be financed into the loan should you choose.
  • Loans with a loan to value of 78% or greater will have an annual .25% mortgage insurance premium.
  • Protection from predatory lending: Section 184 loans are not subject to adjustable rate mortgages.
Know Your Buying Power
Cash Out or Save Today
Have Questions?

Not Sure? Take a Look at Other Texas Mortgage Products

Texas Native American Mortgage Team

Brad Rund

Director Native Lending
NMLS 1702894

Dale Gremillion

Managing Director
NMLS 210325

Conor Hayhurst

Managing Director
NMLS 743506

Kathy Rubin

Sr Loan Officer
NMLS 204449

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