Section 184 Home Loan Guarantee Program
This program is a federally funded mortgage program that is guaranteed by HUD to assist Native families attain home ownership. Section 184 can be utilized for the following: purchase an existing home, new construction loans for stick-built or manufactured homes, rehabilitation loans and refinancing loans. This program is available to tribal members who reside outside the seven-county service area. If the recipient defaults on the mortgage, HUD pays the lender.
Section 184 can be used for
- Purchase an existing home,
- Construction loans for stick built or manufactured on permanent foundations,
- Rehab loans, or
- Refinancing loans.
American Indian or Alaska Native who are members of a Federally recognized Tribe.
- An Indian Tribe
- A Tribally Designated Housing Entity (TDHE)
- An Indian Housing Authority (IHA)
Loans are originated and serviced by lenders that have completed Section 184 training. The Sault Tribe Housing Authority does not process mortgages. Please contact one of the lenders listed below:
OTHER AVAILABLE RESOURCES;