Refinance

It's Easy to Refinance with a Section 184 Native American Loan:

It's never been easier to refinance using your Section 184 Native American Mortgage benefit. The refinance process allows you to lower your monthly payment, improve your interest rate, or take cash out of your home.  In many cases, your refinance loan can be structured so you will have little or no out of pocket expense.  Eligible applicants use the Section 184 Native American Mortgage to refinance a home because it offers higher maxiumum loan to values, a larger loan amount limit of $420,680, flexible underwriting, reduced mortgage insurance premiums and great rates! This loan can be used to purchase or refinance a primary residence.

The 3 most common types of Section 184 Native American Loan refinances:

Other loan to Section 184 Native American Loan Refinance

Did you know that if you currently have a Conventional, FHA, VA, or Rural Development loan you are eligible to refinance that loan using your Section 184 Native American Loan benefit?  Many borrowers do this to remove the expensive monthly mortgage insurance that they are forced to pay on their current loan or to decrease their payments by using the lower Section 184 Native American Loan interest rate.

Native American Loan to Native American Loan Streamline Refinance

The Section 184 Native American Loan Streamline is a refinance program designed to get you a lower rate or reduce the term on your current Section 184 Native American Loan without an extensive qualification process.  Simply put, the typical refinance process is streamlined and the process becomes quick and easy. It uses your original paperwork from your original loan so an abundance of new documentation is generally not needed. You may also have the option of rolling the closing costs into your new loan balance, which is a way to reduce or eliminate your out-of-pocket expenses.

The Section 184 Native American Loan Streamline Refinance can be completed without a property appraisal when the proposed new mortgage amount (payoff, HUD funding fee, closing costs and prepaids) does not exceed the original loan amount.  If the new mortgage amount exceeds the streamline limit, a borrower may use an appraisal to justify a higher final loan amount. This can be done only when the original mortgage is over 12 months old.

Cash out Refinance

This is a special opportunity for you to refinance your existing mortgage into a Section 184 Native American Loan and access your home's equity to finance your needs.  The Section 184 Native American Loan allows you to get money out of your home and use it for anything you want, up to 85% of your current loan-to-value.  Use your equity to consolidate debt, make home improvements to increase the value of your home, pay for college tuition, pay off high-interest credit cards, or simply to have more cash on hand.

Do I Qualify?

The Native American Home Loan Refinance Advantage

Am I Eligible?

Obtaining a HUD Section 184 Native American home loan is fast and free!

In Oklahoma, only a small portion of tribal members are aware of the Section 184 Native American Home Loan Benefit, even though they may be eligible. To qualify, you must be an American Indian or Alaska Native who is a member of a federally recognized tribe over the age of 18 who will occupy the property as a principal residence.

If you are considering a Section 184 Tribal Loan to buy a home or refinance your current loan, the fastest and easiest way to find out if you are eligible is to get qualified with a Native American Mortgage Specialist who can help you determine your eligibility, monthly payment savings, maximum loan amounts, and program advantages.

Get Qualified More Information

Section 184

news & info

  • 2022 Section 184 Native American Mortgage Loan Limit Increase! 05/18/2022

    THIS IS HISTORIC NEWS FOR ALL OKLAHOMA FEDERAL TRIBAL MEMBERS!  It was just released that the Department of Housing and Urban Development (HUD) increased the maximum loan amount for the Section 184 Native American home loan to $420,680!! This applies to ALL of ... READ MORE
  • Section 184 Program Open for Fiscal Year 2022 10/13/2021

    On August 17, 2021, HUD and the Office of Native American Programs informed Lenders that the Section 184 Indian Home Loan (Section 184) program would begin the Fiscal Year 2021 financial closeout beginning on September 20, 2021. The Fiscal Year closeout process is now ... READ MORE
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