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Section 184 / Indian Home Loan Guarantee Program 

Unlock Homeownership Opportunities with Section 184 Indian Home Loan Guarantee Program

The Section 184 Indian Home Loan Guarantee Program is an exclusive mortgage product tailored for American Indian and Alaskan Native families, Alaska villages, tribes, or tribally designed housing entities. This versatile program extends its benefits on and off native lands, accommodating new construction, rehabilitation, purchase of an existing home, or refinancing.

Who qualifies for Section 184 loans?

  • American Indians or Alaskan Natives who are citizens of a federally recognized tribe.

  • A minimum credit score of 620.

  • Oklahoma is designated as an eligible area for Section 184 mortgages.

  • Down payment of at least 2.25% on loans over $50,000 and only 1.25% on loans under $50,000.

For any Oklahoma borrowers unsure of their eligibility, please reach out to us. With our experience navigating these regulations, we can help you assess your situation.

Section 184 loan requirements set by HUD’s Office of Native American Programs:

  • Low-interest rates are based on market conditions, not on applicants' credit scores.

  • Upfront Loan Guarantee Fee and Annual Mortgage Insurance: A one-time 1.0% upfront guarantee fee is paid at closing and can be financed into the loan.

  • Section 184 no longer has monthly mortgage insurance.

  • Section 184 cannot be used for Adjustable Rate Mortgages (ARMs).

Contact your First American Mortgage loan officer to discover more about the benefits of Section 184 loans and how they can suit your homeownership goals

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