Top Benefits of the HUD 184 Loan for Native American Buyers
- The Enriquez group
- Apr 8
- 2 min read
For many Native American families, the dream of homeownership can feel out of reach due to limited access to affordable financing. The HUD 184 Loan Program—created specifically for Native American and Alaska Native borrowers—is changing that. Here are the top benefits of this unique mortgage option:
1. Low Down Payment
One of the most attractive features of the HUD 184 loan is the low down payment requirement—typically as low as 2.25%. This makes it far more accessible than traditional loans, especially for first-time buyers.
2. Flexible Credit Guidelines
The program is designed with the realities of tribal communities in mind. Lenders can use more flexible underwriting, which means credit history and income requirements are more accommodating.
3. No Mortgage Insurance
Unlike conventional loans, the HUD 184 loan does not require monthly private mortgage insurance (PMI). Instead, borrowers pay a one-time 1.5% guarantee fee, which can be financed into the loan.
4. Available on and off Tribal Lands
While the program was created to support homeownership on tribal trust land, it’s also available for properties in approved areas across the U.S.—giving buyers more options.
5. Refinancing Options
Existing HUD 184 loan holders can take advantage of streamlined refinancing, which makes it easier to lower monthly payments when interest rates drop.
6. Supports Community Growth
By increasing homeownership opportunities, the HUD 184 loan promotes long-term economic development and generational wealth within Native communities.
Is It Right for You?
If you're a member of a federally recognized tribe and ready to explore homeownership, the HUD 184 loan could be a powerful resource. Connect with a lender experienced in HUD 184 loans to learn more about your options and eligibility.
Are you ready to take the next step? Send us a message now through our chat or book an appointment today!
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