How Does it Work?

The Section 184 loan is a unique mortgage benefit created under the Housing and Community Development Act of 1992 to provide homeownership advantages to members of federally recognized tribes looking to purchase a primary residence or refinance an existing mortgage. Eligible Oklahoma applicants are allowed to borrow up to $420,680. When buying a home, only a small down payment of only 2.25% is required. The monthly mortgage insurance is greatly discounted compared to other loan programs which reduces the monthly housing expense of the tribal member. Competitive interest rates are provided which reduce monthly payments. Section 184 loans have forgiving approval guidelines making it easier for the tribal member to qualify. Looking to refinance? The Section 184 program provides 3 options. The Reduced Document Streamline Refinance to decrease the interest rate of an existing Section 184 loan. The Standard Refinance to decrease the interest rate of an existing non-section 184 loan. And a Cashout Refinance to tap into the equity of your home to pay off debt, receive cash in hand, or remodel your house.

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Am I Eligible?

Obtaining a HUD Section 184 Native American home loan is fast and free!

In Oklahoma, only a small portion of tribal members are aware of the Section 184 Native American Home Loan Benefit, even though they may be eligible. To qualify, you must be an American Indian or Alaska Native who is a member of a federally recognized tribe over the age of 18 who will occupy the property as a principal residence.

If you are considering a Section 184 Tribal Loan to buy a home or refinance your current loan, the fastest and easiest way to find out if you are eligible is to get qualified with a Native American Mortgage Specialist who can help you determine your eligibility, monthly payment savings, maximum loan amounts, and program advantages.

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Section 184

news & info

  • Office of Native American Programs Sets a Date to Closeout the Section 184 Program Fiscal Year 08/23/2022

    At the end of every fiscal year, HUD and the Office of Native American Programs suspend activity for the Section 184 Native American Mortgage Home Loan program to reconcile financial accounts and set up accounting codes for the next fiscal year. The closeout period ... READ MORE
  • 2022 Section 184 Native American Mortgage Loan Limit Increase! 05/18/2022

    THIS IS HISTORIC NEWS FOR ALL OKLAHOMA FEDERAL TRIBAL MEMBERS!  It was just released that the Department of Housing and Urban Development (HUD) increased the maximum loan amount for the Section 184 Native American home loan to $420,680!! This applies to ALL of ... READ MORE
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