We specialize in section 184 tribal loans with a quick close. Typically, this can be from 30 to 45 days.

Purchasing

The section 184 loan is very similar to an FHA loan, but because it is reserved for Native Americans, it is much less expensive and is more flexible than an FHA loan.
Typical documents you need for a 184 loan:

  • Proof of tribal enrollment
  • Copy of photo ID and Social Security card
  • Three months of bank statements
  • Recent paystub
  • Two years of W-2’s
  • Purchase agreement

Refinancing

If you currently have a section 184 loan and wish to reduce your interest rate or loan term, we can help you accomplish this goal. We can do cash outs on those too.

  • No cash or asset verification required
  • Proof of tribal enrollment
  • Copy of photo ID and Social Security card
  • Copy of your current note or mortgage payment

Construction

You can use a section 184 loan to build a house or purchase a manufactured home. You can also use this loan to remodel or expand your current home.

  • Get pre-qualified before you start working with the builder. The builder must also be pre-qualified.
  • Proof of tribal enrollment
  • Copy of photo ID and Social Security card
  • Three months of bank statements
  • Recent paystub
  • Two years of W-2’s

Common 184 Tribal Loan Myths

“My credit has to be perfect to get the HUD 184 tribal loan.”

Luckily, the HUD 184 program is not credit score-driven in order to qualify for the loans and you don’t qualify based on your score alone. But, while we are reviewing your credit history, there are certain things that are not good, including open collection accounts, tax liens, judgments, and late payments that are 30 days or more. There is one exception, such as medical accounts if the IHS is responsible for it and will write a letter stating so. If someone does not have any credit, we can use other and nontraditional methods of credit that do not show up on credit reports, including: rent, power, cable, cell phone bills, water/utilities, car insurance, and more. These are all payments that can show your payment history. We are looking for payments on time for at least 12 months.

“You have to be ‘low income’ to qualify.”

No! You do not have to be considered ‘low income’ at all to qualify for the HUD 184 loans. You could technically earn any amount and qualify for the loans as long as you have at least one enrolled tribal member of a federally recognized* tribe on the loan in a tribe that has approved the use of the loan. You can use these loans to purchase, refinance, remodel/upgrade, or build your home.

“184 tribal loans require you to live on a reservation.”

As long as you are in an approved area for the loan and there is a person on the loan that is an enrolled member, you can potentially qualify for an HUD 184 loan, whether you are on or off the reservation. When tribal members are using the loan on the reservation, that is the only time we have to make sure that the tribe has approved for the loan to be done, the tribe approves the loan to be done on their land. If you are using the loan off the reservation, then the tribe does not need to approve you to use it. An example: If a member of the Zuni tribe in New Mexico wants to buy a home in Sacramento, CA, the tribe doesn’t need to approve them. But if the Zuni member wants to buy a home on Zuni tribal land, then the tribe must approve the 184 loan to be done on their lands.