Capital Home Mortgage Tacoma

Tacoma Native American Home Loans

Native American Mortgage Lender Tacoma

Native American Home Loans In Tacoma

What is the HUD Section 184?

The Section 184 Loan Program is intended to provide Native American and Alaska Native tribal members with access to mortgage financing. Office of Loan Guarantee, Office of Native American Programs, HUD, guarantees 100% of Section 184 housing loans. This guarantee encourages national and local financial institutions to offer mortgage loans to Native Americans. The Office of Loan Guarantee collaborates with a nationwide network of lenders to expand access to property financing for Native Americans and enhance the value of their investments.

The Section 184 Indian Home Loan Guarantee Program facilitates the Native American Home Loan Program in Tacoma, Washington. This program encourages American Indian and Alaska Native families, tribes, and housing bodies to become homeowners by offering low down payments and flexible underwriting. 

Native American home financing choices also include government-backed and mainstream programs that have raised homeownership rates. Section 184, for example, is a popular alternative due to its low down payment and unique features. There are also conforming, VA, and USDA loans available.

Eligibility Requirements for HUD 184 Loans

Individuals must have Native American/American Indian ancestry, purchase a primary residence, and meet the loan criteria to be eligible for the program. Applicants must use HUD-approved Section 184 lenders to apply.

  • Tribal Membership

Borrowers who want to use the Section 184 Indian Home Loan Guarantee Program must be a member of a Federally Recognized Tribe or an Alaska Native.

  • Credit

There is no minimum credit score needed to participate in the program. However, the borrower must be creditworthy in all instances. Alternative credit is permitted but not as a replacement for conventional credit.

  • Income

The program has no income limits. However, income eligibility is determined by the borrower’s debt-to-income ratio.

  • Debt-to-Income (DTI) Ratio

Total monthly obligations, including the fees of the proposed home loan, are generally limited to 41% of gross monthly income under the Section 184 program.

  • Primary Residence

Guarantee funds are reserved exclusively for primary residences.

  • Down Payment

A low down payment of 2.25% is required based on the lesser of the appraised value or the cost of acquiring the home. For loans under $50,000, a 1.25% down payment is required.

  • Property Standards

Only single-family dwellings with one to four units are permitted. Homes must be of standard quality and adhere to all applicable building and safety requirements. Furthermore, homes must be modest in size and style.

  • Loan Amount

Under the Section 184 Indian Home Loan Guarantee Program, no loan may exceed 150 percent of the area’s maximum FHA mortgage limit. 

Advantages of HUD 184 Loans

There are numerous benefits to getting HUD 184 loans. Among the advantages are:

  • Low Down Payment

HUD 184 loan down payments are generally 2.25 percent on loans above $50,000 and only 1.25 percent on loans under $50,000.

  • No Minimum Credit Score

The HUD 184 program is one of the few that only requires applicants to have a minimum credit score.

  • Easy Qualifying and Financing

A HUD 184 loan is a straightforward and painless financing alternative for tribal members. This program was intended exclusively for federally recognized tribe members, who may be confident it will benefit them.

  • Manual Underwriting

The program takes a hands-on approach to underwriting rather than employing automated decision-making technologies. This means we can better assess loans on an individual basis.

  • Limited Fees

HUD 184 loans are reasonable and inexpensive, and the fees are tightly managed.

Apply for Tacoma Native American Home Loan

Tacoma home buyers can benefit significantly from using Capital Home Mortgage for a HUD Section 184 loan. As a HUD-approved lender, we have access to the Section 184 Indian Home Loan Guarantee Program, a specialty product for American Indian and Alaska Native families, tribes, and housing entities. Our comprehensive lending program portfolio demonstrates our ability to meet the demands of a wide range of homebuyers, including those who qualify for Section 184 loans. Capital Home Mortgage is an appealing option for Tacoma home buyers looking for HUD Section 184 loans.

Call (803) 600-0088 to speak with our Tacoma Native American Home Loan Team.

Why Tacoma 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

Tacoma Washington 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

Tacoma 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

Tacoma 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

Tacoma Washington Native American Mortgage Team

Brad Rund

Native American Lending
Manufactured Housing

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506
Tacoma Mortgage Programs

Tacoma Home Purchase

Thinking of Buying an Tacoma 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

Tacoma renovation home loans

Looking to Rehab an Tacoma 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

Tacoma FHA Home Loans

Great for 1st Time Tacoma 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

Tacoma VA Home Loans

100% Financing for Tacoma 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

Tacoma Conventional Home Loans

Flexibility for Tacoma 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

Tacoma Jumbo Home Loans

Tacoma 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

Tacoma USDA Home Loans

100% Tacoma Rural 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

Tacoma Native American Home Loans

Tacoma 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

Tacoma Manufactured Home Loans

Great Alternative Tacoma Housing

Tacoma reverse mortgages

Your Tacoma 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

Tacoma Non QM Home Loans

Making Tacoma 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

Tacoma One Time Close mortgages

Build Your Tacoma 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

Tacoma Refinance Mortgage Loans

Tacoma 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

Tacoma Cash-out Home mortgages

Tacoma 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

Tacoma Mortgage Company Reviews

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