HUD 184 program makes low-interest and down-payment mortgage loans to Native Americans for homes either on or off the reservation. This is the best mortgage opportunity for Native Americans to buy a home with only 2.25% down-payment and no credit score requirement. Other benefits are down payment can be "gifted" by your Tribe, no private mortgage insurance , loans for regular, Modular, or Manufactured homes, 1% HUD fee to be included in Loan, all collections have to be paid off, and any bankruptcy has to be at least 2 years ago. I have lenders who specialize in HUD 184 loans that can consult with you. Be a smart and proud homeowner, by investing in your families future, buy a house that will give you a return and many years of joy and happiness.
This loan program should be considered by any enrolled member of a recognized tribe in America. Credit terms are the most flexible of any program on the financial market. With rates at 3.35%, and prices still relatively low since the housing crash of 2008, tribal members should take advantage of this fabulous program. Its especially beneficial to tribal members who want to buy a house on the reservation. Being on the reservation, allows the member an opportunity to acquire the house into Trust status, once the home loan is paid off. There are many lenders in the area that offer these programs, but my favorite is the Tribal One program. You can look up a representative of this loan program on the internet. It is a loan program owned by an Oklahoma indian tribe and it can loan anywhere in the United States.
I have worked with Indian tribes for 15 years in the Northwest, in Housing development, planning,and public works, and I fully understand that lack of affordable single family housing continues to be a major problem for all native Americans. This is why the HUD 184 program was created and it works just great. So, if your a member of a federally recognized tribe, you still should look at Seattle-tacoma homes for sale. They got some of the best prices for the most square footage. www.SeattleTacomaHouses.com.
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