Native American Renovation Home Mortgages
Proudly Serving Native Americans
Native American Renovation Mortgage Lender
Thank you for allowing us the opportunity to assist you in your Native American Home Renovation Loan.
The HUD 184 Renovation Home Loan is part of the Section 184 Indian Home Loan Guarantee Program that allows Native American and Alaska Native individuals to finance the purchase or refinance of a home while including funds for necessary repairs or renovations. This loan is designed to simplify the process of improving a property by combining the renovation costs with the mortgage, eliminating the need for separate financing.
Borrowers can include the cost of repairs, upgrades, or remodels in a single loan, making home improvement more affordable and manageable. Like other Section 184 loans, it is backed by a federal guarantee, which helps borrowers qualify for the loan and secure favorable terms, such as competitive interest rates. The program can be used for homes on tribal trust land or off-reservation, providing flexibility in terms of location. Overall, the HUD 184 Renovation Home Loan offers a convenient and cost-effective way for Native American homeowners to enhance their properties and increase home value.
Ready to start your renovation project? Contact us, and one of our Native American Mortgage Professionals will address your inquiries and guide you through the application, renovation, and approval procedures. Call (800) 699-4943 to consult with a Loan Officer.
Ready to get started? Call now, and one of our Native American Mortgage Professionals will answer your questions and walk you through the application, renovation and approval process.
Native American Renovation Home Mortgages
Capital Home Mortgage is excited to support Native Americans in transforming their existing homes into their dream spaces or facilitating the purchase of a house that they can truly call their own. The advantages of the HUD 184 Native American Renovation Home Mortgage include:
- 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 mortgage insurance is required.
- All renovation home loans are manually underwritten allowing common sense decisions.
- Alternate trades lines are accepted.
- 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 Renovation 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
