Native American Purchase Home Mortgages
Proudly Serving Native Americans
Native American Purchase Mortgage Lender
Welcome to Capital Home Mortgage. Thank you for allowing us the opportunity to assist you in your Native American Home Loan purchase.
The Native American Home Purchase Loan, formally referred to as the Section 184 Indian Home Loan Guarantee Program, is a mortgage solution developed by the U.S. Department of Housing and Urban Development (HUD) aimed at assisting Native American and Alaska Native individuals, families, and tribes in acquiring, constructing, or refinancing homes. This initiative tackles specific challenges faced in Indian Country, including issues related to land ownership on tribal trust land and restricted access to traditional mortgage options. The loan is supported by a federal guarantee, which incentivizes lenders to offer financing in regions where they may otherwise be reluctant due to perceived risks.
The HUD 184 loan presents several key advantages, such as minimal down payment requirements (starting at 1.25% or 2.25%, depending on the loan amount), attractive interest rates, and reduced mortgage insurance expenses. This loan program provides borrowers with the versatility to finance home purchases, new construction, refinancing, or major home renovations. It aims to enhance homeownership opportunities for Native Americans while allowing tribes to address their specific housing requirements, especially on trust land.
Are you ready to get started? Contact us today, and one of our Native American Mortgage Professionals will answer your questions and assist you with the application, pre-qualification, and approval processes. Call us now at (800) 699-4943 to speak with a Loan Officer. Call us today at (800) 699-4943 to speak with a HUD184 Home Loan Specialist.
Native American Purchase Home Mortgages
Capital Home Mortgage is dedicated to helping Native Americans achieve their dream of homeownership. Whether you buy an existing home, renovate a property to suit your needs or construct your ideal home from the ground up, we are here to assist you. The HUD 184 Native American Home Mortgage offers several advantages, including:
- Single-family, one- to four-unit homes only.
- Competitive pricing and terms.
- The borrower must be a currently enrolled member of a Federally Recognized Tribe.
- No matter the purchase option you choose no mortgage insurance.
- All purchase loans are manually underwritten allowing common sense decisions.
- Alternate trades are accepted such as utility bills, etc.
- Seller paid closing costs are allowed to 6% of purchase price, as well as, tribal grants.
- Purchase Down Payments are typically only 2.25%, but loans under 50K are 1.25%.
Native American Purchase 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
Why 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
