Waco Native American Mortgage Lender
Waco Native American Home Loans
The Section 184 Loan Program was established by the Department of Housing and Urban Development (HUD) to make homeownership more accessible to Native Americans. This government-backed home loan provides mortgages with more flexible terms to Native American tribal members across the country.
Capital Home Mortgage is a full-service mortgage company in Waco, TX, specializing in Native American mortgages. We have assisted numerous Native Americans in achieving homeownership, and we can do the same for you too!
Who is Eligible for the HUD-184 Loan?
The Section 184 Loan Program is available to individuals who are members of federally recognized tribes. All Native Americans, first-time and repeat homebuyers, are eligible for the loan, provided they have a Tribal Membership or Citizen Card from a federally recognized tribe.
A significant advantage of this loan program is that only one of the applicants has to be a tribal member. You may be eligible for a HUD-184 loan even if your spouse is not a member of any tribe and is your household’s sole/primary income provider.
HUD-184 Loan Qualification Requirements
Are you interested in the HUD-184 mortgage? Here are some essential details about HUD Section 184 eligibility requirements before applying for a loan.
Credit Score
The HUD-184 loan doesn’t have a minimum credit score requirement, which makes it a good choice for qualified individuals with poor credit. Moreover, borrowers with bad credit don’t have to pay higher interest rates like most mortgage programs.
Debt-to-Income Ratio
For the HUD-184 loan, lenders typically use a debt-to-income ratio of 41% to figure out how much a borrower can afford to borrow.
Borrower Income Limit
One of the best features of this home loan is that it doesn’t have any borrower income limits.
Financing Options
The HUD-184 loan has some of the market’s lowest down payment and closing cost options. A 2.25 percent down payment is required for loans of $50,000 or more, while loans under $50,000 require a 1.25% down payment. Additionally, a one-time guarantee fee of 1.5% is paid to the government. This cash may come from savings, investments, or family gifts. Tribal aid is also accepted.
First-time and Repeat Buyers
Unlike other low-down-payment mortgage programs, this one accepts applications from both first-time and seasoned home buyers. Although eligible borrowers may participate in the program more than once, they are only permitted one Section 184 Loan at a time.
Manual Underwriting
Instead of submitting documents to a computer that generates mortgage approvals or denials based solely on numbers, HUD-184 loans undergo a thorough and detailed manual review. This could increase your chances of being approved for a mortgage that better meets your needs.
Apply for a Native American Home Loan
HUD-184 loans offer greater flexibility and more favorable terms than other loan types, making them an excellent option for Native American homebuyers. Obtaining a Section 184 loan, however, can be challenging.
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 can answer any questions regarding the Section 184 mortgage and, should you decide to apply, make the entire home loan process more convenient!
Why Waco 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

Waco 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
Waco 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
Waco 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