Arkansas Native American Home Mortgage
Proudly Serving Arkansas Native Americans
Start Your Application
Arkansas Native American Mortgage Lender
Are you curious about Native American home mortgages or current mortgage rates in Arkansas? Are you wondering if it’s the right time to take advantage of your Native American Home Loan benefits? At Capital Home Mortgage Arkansas, we’re here to help you explore the unique benefits of your Native American Home Loan and guide you through the decision-making process—whether you’re purchasing a new home, refinancing, renovating, or even building from the ground up.
As a direct lender, Capital Home Mortgage Arkansas can underwrite, approve, and fund your Native American Home Loan in-house. This gives us complete control over the entire lending process, enabling us to provide a faster, smoother, and stress-free experience for you.
If you’re ready to take the next step, our experienced Native American Mortgage Professionals are standing by to answer your questions and walk you through the application, pre-qualification, and approval stages. Call us today at (800) 699-4943 to speak with an Arkansas Loan Officer who will help you get sWe’red.
We’re honored to assist you with your Arkansas Native American Home Loan journey and look forward to serving your mortgage needs.
Arkansas Native Americans Overview
Arkansas is home to several Native American tribes. However, many tribes originally from the region were relocated to other states, particularly during the 19th century, due to the Indian Removal Act. Here are the main tribes with historical or cultural ties to Arkansas:
- Quapaw Tribe: The Quapaw people originally lived in what is now Arkansas, particularly along the lower Arkansas River. They played a significant role in the region’s early history.
- Caddo Nation: The Caddo people lived in parts of Arkansas, Texas, Oklahoma, and Louisiana. Their presence in southern Arkansas, especially along the Red River, is notable.
- Osage Nation: While the Osage originally lived farther north, they controlled large parts of present-day Arkansas, using it as hunting grounds before being forced to relocate.
- Cherokee Nation: Though not originally from Arkansas, many Cherokee settled in the region temporarily during the Trail of Tears in the 1830s before being relocated to Oklahoma.
- Choctaw Nation: Similar to the Cherokee, the Choctaw were moved through Arkansas during their forced relocation westward.
These tribes have deep historical and cultural connections to Arkansas, and remnants of their influence are still present in the state’s names, landmarks, and heritage today.
HUD 184 Mortgage Program Background and Purpose
The HUD 184 Indian Home Loan Guarantee Program, commonly known as the Section 184 program, was established in 1992 under the Housing and Community Development Act to help Native Americans, Alaska Natives, and tribes access mortgage financing and homeownership opportunities. Historically, Native Americans faced significant challenges in securing traditional mortgages, particularly on tribal land held in trust by the federal government. Lenders often hesitate to offer home loans due to the difficulty of using trust land as collateral. To address these barriers, the U.S. Department of Housing and Urban Development (HUD) developed the Section 184 program to provide affordable mortgage financing.
The primary goal of the Section 184 program is to make homeownership more attainable for Native American individuals, families, and tribes by offering a loan guarantee. Through this guarantee, HUD insures a portion of the loan for approved lenders, reducing the risk for the lender and making it easier for Native Americans to qualify for a mortgage. The program supports various housing needs, allowing eligible borrowers to purchase, refinance, build, or rehabilitate homes. One of the program’s key benefits is its low down payment requirement. Additionally, there is no monthly mortgage insurance; instead, a one-time loan guarantee fee can be financed into the loan. The program also has flexible credit guidelines, making it accessible to individuals with non-traditional credit histories.
The HUD 184 program has played a vital role in increasing homeownership opportunities for Native American communities by addressing historical inequities in the mortgage market and providing a sustainable path to homeownership. This initiative has allowed many Native Americans to realize the dream of homeownership through purchasing, refinancing, new construction, or home renovations.
Why Arkansas Native Americans Are Choosing Capital Home Mortgage
Close On Time with True Approval
Control Application to Funding
Great Rates / Low Fees
Direct VA Mortgage Lender
Exceptional Customer Service
Application to Final Payment
Arkansas Native American Mortgage Rates
Have you ever wondered why interests rates are what they are and what determines the final rate? Why borrowers receive different interest rates? Or why rates go up and down? Interest Rates are calculated using several factors.
- Demand for Securities
- Property securing the Loan
- occupancy of the property
- Loan to value of the property
- Borrower’s credit Rating
Arkansas Native American HUD 184 Home Loan Program
Barriers to Homeownership in Indian Country
Much of the land in Indian country is held in trust by the U.S. government for the benefit of a particular tribe or individual Native Americans. Land held in trust for a tribe cannot be mortgaged, and land held in trust for an individual must receive federal approval before a lien is placed on the property. As a result, tribes, IHAs/TDHEs, and individual Native American families have historically had limited access to private mortgage capital.
The Section 184 Loan Guarantee Program
In 1992 Congress created a federal program specifically designed to address the lack of mortgage capital in Indian country. Under the provisions of Section 184 of the Housing and Community Development Act of 1992 and as amended under the provisions of the Native American Housing Assistance and Self-Determination Act of 1996, the U.S. Department of Housing and Urban Development (HUD) was authorized to guarantee loans made by private lenders to Native Americans, IHAs/TDHEs and tribes. The loan guarantee program is intended to increase the availability of mortgage lending on Indian reservations or designated Indian operating areas.
Arkansas Native American Home Loan Programs
Arkansas HUD 184 Home Mortgage Loan
Are you considering a home mortgage tailored for Arkansas Native Americans? Are you curious about the current mortgage rates available for Arkansas Native Americans? Would you like to determine how much you can qualify for with an Arkansas Native American Purchase Home Mortgage? Perhaps you’re contemplating refinancing? If you need details on an Arkansas Native American Refinance Home Mortgage, an Arkansas Native American Streamline Refinance Home Mortgage, or an Arkansas Native American Cash Out Mortgage, we can help. Additionally, if you’re looking to renovate, we offer Arkansas Native American Renovation Home Mortgages, or if you’re planning to build, we have Arkansas Native American Construction Home Mortgages available. Whatever your inquiries, Capital Home Mortgage Arkansas, a direct lender specializing in Arkansas Native American Mortgages, will assist you with the specific requirements for each type of Arkansas Native American Home Loan.
It’s important to familiarize yourself with some crucial information before applying for the Arkansas HUD 184 Native American Home Loans.
- Credit Score: The HUD-184 Loan does not require a minimum credit score, making it ideal for qualified and credit-challenged borrowers.
- Debt-to-Income Ratio: A single back ratio of 41% to 43% debt-to-income ratio to determine the loan size borrowers can afford.
- Borrower Income Limit: The HUD-184 Loan does not have borrower income limits.
- Down Payment : The HUD-184 Loan has some of the lowest down payment requirements in the market.
- Closing Costs: This money could come from your savings, investments, or gifts from family members. Tribal assistance is also accepted.
- Eligible borrowers may participate in the program multiple times but are allowed only one Section HUD 184 Loan at a time
Capital Home Mortgage Arkansas takes pride in assisting Arkansas Native Americans in achieving their dream of homeownership. There are numerous advantages to the Arkansas Native American Purchase Home Mortgage. To learn more about the benefits available, reach out to one of our Arkansas Native American Loan Officers to explore the loan approval process.
- Existing Home, Renovation, Construction
- No Monthly Mortgage Insurance Required
- Simple Qualifying / Manual Underwriting
- Alternate Credit Allowed
- Seller Paid Closing Costs Allowed
- Small Down Payment of 2.25%
- Max Debt Ratio is 43%
- County Loan Limits Apply
Capital Home Mortgage Arkansas is dedicated to helping Arkansas Native Americans lower their mortgage payments with the Arkansas Native American Streamline Refinance Home Mortgage. Reach out to our Arkansas Native American Loan Officers to learn more about the straightforward process of reducing your Arkansas Native American Mortgage Rate.
- HUD 184 to HUD 184
- No Appraisal
- No Income Verification
- No Mortgage Lates in Last Year
- Closing Costs Can Be Rolled Into the Loan
- Must Provide a Benefit
- Lower Payment, Shorten Term
- County Loan Limits Apply
Capital Home Mortgage Arkansas is dedicated to assisting Arkansas Native Americans in transitioning their existing Arkansas mortgage to an Arkansas Native American Refinance Home Mortgage. Reach out to our Arkansas Native American Loan Officers to explore the conversion process and discover how much you can reduce your monthly payments.
- Rate & Term 97.75%
- Appraisal Required
- Income Required
- Closing Costs Can Be Rolled Into Loan
- Must Provide Benefit
- No Mortgage Lates in Last Year
- Lower Payment, Shorten Term
- County Loan Limits Apply
Capital Home Mortgage Arkansas is dedicated to helping Arkansas Native Americans take advantage of their Arkansas Native American Cash Out Home Mortgage Benefit. Reach out to our Arkansas Native American Loan Officers to explore how you can enhance the equity in your home by transforming your mortgage into an Arkansas Native American Cash Out Home Mortgage.
- Existing Homes Equity
- No Monthly Mortgage Insurance Required
- Simple Qualifying / Manual Underwriting
- Alternate Credit Allowed
- Max LTV for Cash Out is 85%
- Appraisal Required
- Max Debt Ratio is 43%
- County Loan Limits Apply
Capital Home Mortgage Arkansas is dedicated to assisting Arkansas Native Americans in transforming their homes through the Arkansas Native American Renovation Home Mortgage program. Whether you’re planning small updates or a complete renovation, reach out to our Arkansas Native American Loan Officers to explore how you can turn your existing Arkansas residence into your dream home.
- Purchase / Refinance Options
- Subject to Completion Appraisal
- No Monthly Mortgage Insurance Required
- Simple Qualifying / Manual Underwriting
- Alternate Credit Allowed
- 97.75% Max LTV
- Max Debt Ratio is 43%
- County Loan Limits Apply
Capital Home Mortgage Arkansas is dedicated to assisting Arkansas Native Americans in realizing their dream of constructing a home through our specialized Arkansas Native American Construction Home Mortgage. Reach out to our knowledgeable Arkansas Native American Loan Officers, who will guide you through every step of the journey, from application to planning, underwriting, closing, and funding.
- Subject to Completion Appraisal
- No Monthly Mortgage Insurance Required
- Simple Qualifying / Manual Underwriting
- Tribal Grants Allowed
- Seller Paid Closing Costs Allowed
- Small Down Payment of 2.25%
- Max Debt Ratio is 43%
- County Loan Limits Apply
Borrowers wishing to use a Section 184 Indian Home Loan Guarantee Program loan must be a currently enrolled member of a Federally Recognized Tribe or Alaska Native.
For Native Hawaiians, participation is through Section 184A: Native Hawaiian Housing Loan Guarantee Program.
