Hi there everyone,
The Section 184 Home Loan Guarantee, is an amazing program, since January 2012, the Section 184 program has guaranteed over 15,000 loans, worth a total of almost $2.5 billion, to various individuals, Tribes, and TDHEs.
Here is what Section 184 Loans can be used for:
- The purchase of a new home
- The construction of a new home
- Refi a home, refinancing is available.
- The purchase and subsequent renovation of an existing home
- Renovating an existing home
- Section 184 loans can only be used for single (1-4 units) primary residences. They cannot be used for secondary homes or investment purposes.
Section 184 was specifically designed to help increase home ownership. It’s available in 37 states.
Call me is your interested in this great program. I have many clients who have used this program, I’m experienced with how it works. Thank you for your time, Penny
Penny O’Brien 702.321.9383