Buying a Home in Idabel McCurtain County Oklahoma HUD 184 Loan

Real Estate Agent with Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 141871 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 their fees are not predatory lending.  Adjustable Rate Mortgages cannot be made under the HUD 184 Loan Program.


HUD 184 loans can be used to purchase an existing home, new home construction, home rehab, or to refinance one.  You must be in an eligible area.  The entire state of Oklahoma is an eligible area.  Loan Limits per county are listed on the HUD site. As of this date, there have been over 15,000 HUD 184 loans made in OKlahoma.  You qualify for a HUD 184 loan, you must a registered member of a US recognized tribe.


You can view a list of approved HUD 184 lenders here or even download it to your computer,  to help you in your mortgage quest and ultimately to help you fiance that perfect home.  


It's always important which real estate agent you work with, whether buying or selling.  Work with one that has experience working with buyers that using different types of mortgage loans, including a real estate agent that has experience with Buyers that are financing with a HUD 184 Mortgage.  Call me, Judi Barrett at Integrity Real Estate Services, 118 SE Avenue N, Idabel, OK 74745.   Phone: 580-212-5946  I have assisted several buyers using the HUD 184 Loan to buy their home.



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Mary fields

I am Chickasaw with bad credit living in idabel ok. I am looking for a home to buy. The one I love in currently is 25000. I can't get a loan and he needs to sell it. Is there A program for me?

Aug 22, 2020 03:24 PM #1
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1~Judi Barrett

BS Ed, Integrity Real Estate Services -IDABEL OK
Contact Judi Barrett about homes in Idabel Oklahoma!

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