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Buying a Home in Idabel McCurtain County Oklahoma HUD 184 Loan
 
 
HUD 184 Native American Loan Buy Home McCurtain Choctaw Counties OK
 
 
We have had more buyers this year that are pre-qualified and planning to buy through the HUD 184 Native American Loan than in previous years.  
 
The Hud Native American Section 184 mortgage was specifically created to help Native American and Alaskan Native tribal members buy a home.  
 
HUD Section 184 home loans are guaranteed 100% by the Office of Loan Guarantee within HUD's Office of Native American Programs.  As a seller, do not hesitate to work with a buyer that is pre-qualified to purchase with a HUD 184 Loan.  I have had 100% success rate getting to closing in transactions that are financed with the HUD Section 184 Loan.  
 
HUD 184 loans require a 1.25% down payment on loans of less than $50,000 and 2.25% on loans greater than $50,000.  Interest rates are based on market rates, not on your FICO score.  There is no monthly mortgage insurance, just a one-time fee of 1 ½ % up-front guarantee fee, paid at closing and it can even be financed into the loan.  
 
The United States Department of Housing and Uban Development monitors lenders that are approved to make 184 loans to make sure ... more

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