Gateway Blog

The Section 184 Native American Home Loan was established to increase home ownership opportunities for Native Americans. It's a nationwide program on trust land, allotted trust, or fee simple land within Native American operating area (all of Oklahoma qualifies). Here are the highlights:

• Loan Amounts up to $300,000 in Oklahoma ($544,000 in California) - it varies by county
• Refinancing is available
• New Construction
• Low Down payment (2.25%)
• No Monthly Mortgage Insurance
• No maximum income limits
• Flexible underwriting
• Loan is assumable

Make sure you get a mortgage provider that specializes in Native American Home Loans.  You want to be sure the paperwork is right, and have an experienced guide who knows the lending terrain for this type of loan. It's not hard, but you don't want it to be their first rodeo. We can answer any questions you have, if you'd like to give us a call, or drop us an e-mail.