Posts Tagged ‘Native American’
Wednesday, August 2nd, 2017
The HUD 184 was established in 1992, the Section 184 loan provided by HUD, the Department of Housing and Urban Development, has helped thousands and continues helping Native Americans get home loans both on and off reservations.
HUD 184 loan, what is required for both home and borrower eligibility:
There is no maximum income limits
Gifts of money funded by family or the tribe for assistance are allowed
Home buyer education is not required
Needs to be an owner occupied primary residence
5% one time, up-front guarantee fee that is financed into the loan
Down payment requirement of 2.25%
Want more info? Do you Have more questions about this wonderful program? I can help you out and would really love the opportunity to work with you.
Enjoy your day/evening, Penny O’Brien 702.321.9383
Sunday, January 15th, 2017
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
Saturday, January 14th, 2017
Do you have a Tribal Card? Do you want to purchase a home in Las Vegas, Henderson or nearby Areas in Las Vegas, NV? The HUD 184 Native American Program is alive and well. I have had several of my clients use it. The amount of money that they have to come in with to close the deal is very low. My Clients are so happy with the HUD 184 Program.
Many New Mexico residents are moving to Las Vegas and the surrounding areas and have contacted me so that we can get out there and find them the perfect home purchasing the home using the HUD 184 Program.
I have access to down payment assistance programs too.
Call me and let’s get started: Penny O’Brien @ 702.321.9383
Thursday, September 11th, 2014
I have helped many families purchase their homes with this program. If you’re looking for an Experienced Realtor, It’s Me. I can Help. The Section 184 Indian Home Loan Guarantee Program is a home mortgage specifically designed for American Indian and Alaska Native families, Alaska Villages, Tribes, or Tribally Designated Housing Entities. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.
Because of the unique status of Indian lands being held in Trust, Native American homeownership has historically been an underserved market. Working with an expanding network of private sector and tribal partners, the Section 184 Program endeavors to increase access to capital for Native Americans and provide private funding opportunities for tribal housing agencies with the Section 184 Program.
To help increase Native access to financing, the Office of Loan Guarantee within HUD’s Office of Native American Programs, guarantees the Section 184 home mortgage loans made to Native Borrowers. By guaranteeing these loans 100%, we encourage Lenders to serve the Native Communities. This increases the marketability and value of the Native assets and strengthens the financial standing of Native Communities.
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent
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