HUD Section 184 Mortgages – Native American Lending Program

Reblogger Troy Erickson AZ Realtor (602) 295-6807
Real Estate Agent with Good Company Real Estate License # SA577557000

Belinda Spillman has enlightened me on a lending program that is specifically designed for American Indian and Alaska Native families, which has historically been an under served market. The HUD Section 184 Indian Home Loan Guarantee Program is something that can be very useful here in Arizona. Through 2014, this program has guaranteed over 24,000 loans, for almost $4 billion dollars in guaranteed funds. Hopefully this post will help get the message out to even more of those individuals and families who could benefit from this program. Check out this Section 184 Indian Home Loan Guarantee Program link for additional information.

Original content by Belinda Spillman CRE# 40005863

HUD Section 184 Mortgages – Native American Lending Program

 

The Section 184 Native American home loan program is a wonderful benefit for many.  This program is specifically designed for Native American Indians and Alaska Natives who are members of a federally recognized tribe or an Alaska Village.  This loan can be used for purchase or refinance and is eligible for properties on or off reservation. 

 native american financing

Photo Courtesy of ENG Lending

This program is available in many U.S. States and is available anywhere in Colorado.  The map below shows which states allow for the HUD 184 program.  Some states only allow for this financing in certain counties and other states have not adopted this financing yet. 

 HUD Section 184 map

Here are some of the program’s highlights:

 

            Purchase or refinance

            No Max Income Limit for Borrower

            Alternative Credit is accepted

            Files are Manually Underwritten

            Low Down Payment

            Low Mortgage Insurance

 

This program has helped so many Native Americans realize their dream of home ownership.  Not all lenders can offer this financing.  Only HUD 184 approved lenders are eligible.

 

We are lucky enough to work with a lender who is approved to issue the HUD 184 mortgage and who knows the program inside and out. 

 

Garrett Duncan, Loan Originator

Licensed in all STATES!

Navajo Nation

ENG Lending

720.496.2304 or 720.525.9382

 

Garrett is very knowledgeable about the HUD 184 Loan Program and has successfully helped many Native American families realize their dream of home ownership in Colorado as well as all the other qualifying states.  Garrett personally utilized this program when he purchased his home.

 

 

 

Belinda Spillman
Aspen Lane Real Estate
Managing Broker/Owner
Metro Brokers Marina Square
(303) 884-2026

www.AspenLaneRealEstate.com

Belinda1126@hotmail.com

 

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Ambassador
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Troy,  THanks so much for the re-blog.  Feel free to reach out to Garrett with any questions.  He works in your area too and is looking for good Realtors to connect with.

Jan 22, 2015 01:45 AM #1
Rainmaker
848,835
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thanks so much Belinda for sharing this information to everyone here on AR. I am hoping that getting this message out can help a number of families obtain housing, who otherwise may not have been able to. 

Jan 22, 2015 02:08 AM #2
Rainmaker
3,531,453
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Troy what a great re-blog I clearly missed this one, Endre

Jan 22, 2015 10:56 AM #3
Rainmaker
848,835
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Endre - I think this is something important enough to share for sure.

Jan 22, 2015 11:22 AM #4
Rainmaker
1,231,318
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Troy Erickson Thanks for reblog of Belinda's post.  Even though it will not work in PA we are close to NY and many PA agents are licensed in NY.

Aug 04, 2015 05:58 AM #5
Rainmaker
848,835
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Mary - Thanks for the comment. It is too bad that this program will not work in PA.

Aug 04, 2015 07:07 AM #6
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Rainmaker
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