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Archive for the ‘Section 184 program Las Vegas’ Category

Section 184 Indian Home Loan Program Las Vegas Special Agent Penny O’Brien 702.321.9383

Wednesday, November 15th, 2017

Hi Everyone,

Staring in 1992, Congress established the Section 184 Indian Home Loan Program. The program was designed to offer home ownership and housing rehabilitation opportunities for eligible Native American individuals, families, tribes and tribally designated housing entities (including Indian Housing Authorities) on their native lands and within an approved Indian area.

Why a Loan Program Specific to Native Americans and their families? It’s very unique status of Indian lands, Native American home ownership is an well deserved market. The Section 184 program was designed to improve access to capital for Native Americans and provide private funding opportunities for tribal housing agencies.

HUD guarantees each mortgage loan made to eligible borrowers. The loan guarantee assures the lender that its investment will be repaid in the event of a foreclosure.

The borrower pays a 1% loan guarantee fee at closing, which may be financed in the mortgage or paid in cash.

The borrower applies for the loan with a participating lender, or works with the tribe and the Bureau of Indian Affairs if leasing tribal land. The lender then evaluates the necessary loan documentation and submits the loan for approval to the HUD Office of Loan Guarantee.

CALL Me for your Real Estate Needs,  702.321.9383

Penny O’Brien

RE/MAX Excellence 702.321.938

4435 S. Buffalo Dr.

Las Vegas, NV 89147

Penny O'Brien
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent


Cell:  702.321.9383
Email: lasvegasniceliving@yahoo.com

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