Native American Home Loan Programs

Congress established the Section 184 Indian Housing Loan Guarantee Program in 1992. The program is designed to offer homeownership, property rehabilitation, and new construction opportunities for eligible tribes, Indian Housing Authorities, and Native American individuals and families wanting to own a home on trust land or land located in an approved Indian or Alaska Native area.

Here's a look at some frequently asked questions about the Section 184 program.

Who can qualify?

Those eligible to participate include:

• American Indians or Alaska Natives who are members of a federally recognized tribe
• Federally recognized Indian tribes
• Tribally designated housing entities
• Indian Housing Authorities

What type of homes are eligible?

Only single-family homes (with 1-4 units) are eligible for Section 184 program.

What type of loan can I get?

Your loan must be a fixed-rate for 30 years or less. ARM loans are not eligible. Also, borrowers must apply with a HUD-approved Section 184 lender.

Does this program apply only to homes on tribal land?

The Section 184 program has grown to include areas beyond tribal trust land, in states across the country. Some states have full approval, while others have selected approved counties. Check HUD's list of approved states to see if your area is eligible.

How much can I borrow?

The amount you can borrow will be determined by factors like your current income and the amount of your current debts. However, there are limits on how much you can borrow. Loan limits for the Section 184 program vary by county, and depend on the number of units in the property.

How much do I need for a down payment?

Current rules require a down payment of 2.25% of the purchase price for loans over $50,000 and 1.25% for loans under $50,000. This money can be from your savings, investments or a gift from a family member.