Refinance

It's Easy to Refinance with a Section 184 Native American Loan:

It's never been easier to refinance using your Section 184 Native American Mortgage benefit. The refinance process allows you to lower your monthly payment, improve your interest rate, or take cash out of your home.  In many cases, your refinance loan can be structured so you will have little or no out of pocket expense.

The 3 most common types of Section 184 Native American Loan refinances:

Other loan to Section 184 Native American Loan Refinance

Did you know that if you currently have a Conventional, FHA, VA, or Rural Development loan that you are eligible to refinance that loan using your Section 184 Native American Loan benefit?  Many borrowers do this to remove the expensive monthly mortgage insurance that they are forced to pay on their current loan or to decrease their payments by using the lower Section 184 Native American Loan interest rate.

Native American Loan to Native American Loan Streamline Refinance

The Section 184 Native American Loan Streamline is a refinance program designed to get you a lower rate or reduce the term on your current Section 184 Native American Loan without an extensive qualification process.  Simply put, the typical refinance process is streamlined and the process becomes quick and easy. It uses your original paper work from your original loan so an abundance of new documentation is generally not needed. You may also have the option of rolling the closing costs into your new loan balance, which is a way to reduce or eliminate your out-of-pocket expenses.

The Section 184 Native American Loan Streamline Refinance can be completed without a property appraisal when the proposed new mortgage amount (payoff, HUD funding fee, closing costs and prepaids) does not exceed the original loan amount.  If the new mortgage amount exceeds the streamline limit, a borrower may use an appraisal to justify a higher final loan amount. This can be done only when the original mortgage is over 12 months old.

Cash out Refinance

This is a special opportunity for you to refinance your existing mortgage into a Section 184 Native American Loan and access your home's equity to finance your needs.  The Section 184 Native American Loan allows you to get money out of your home and use it for anything you want, up to 85% of your current loan-to-value.  Use your equity to consolidate debt, make home improvements to increase the value of your home, pay for college tuition, pay off high-interest credit cards, or simply to have more cash on hand.

Do I Qualify?

The Native American Home Loan Refinance Advantage

Am I Eligible?

Obtaining a Native American mortgage is simple!

The primary qualification of the Section 184 Native American Loan benefit is membership of a federally recognized tribe. Eligible borrowers are Indians or Indian family members over the age of 18 who will occupy the property as a principal residence.

If you are considering a Section 184 Native American Home Loan, the fastest and easiest way to find out if you are eligible is to contact a Native American Mortgage Specialist who can help you determine your eligibility, qualification level, and program options.

Get Qualified More Information

Section 184

news & info

  • Section 184 Mortgage, New Annual Insurance Premium 11/15/2014

    Posted November 14th, 2014 ~By Scissortail Financial All Section 184 case numbers issued on or after November 15, 2014 for the Section 184 Native American Mortgage home loan program , will be subject to an annual loan guarantee premium of 0.15 percent. This premium is in ... READ MORE
  • The wait is over, refinance funds will be available 04/04/2014

    Posted March 18th, 2014 ~By Scissortail Financial Effective Friday April 4th, 2014 – The Section 184 Native American Mortgage home loan program  will resume issuing case numbers for refinances on fee simple land. This means that the Section 184 program will again be ... READ MORE
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