The Section 184 Indian Home Loan Guarantee Program is a home mortgage product specifically designed for American Indian and Alaska Native families, Alaska villages, tribes, or tribally designated housing entities. Congress established this program in 1992 to facilitate homeownership and increase access to capital in Native American Communities.
With Section 184 financing borrowers can get into a home with a low down payment and flexible underwriting. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.
Section 184 is synonymous with home ownership in Indian Country.
As of March 31, 2016, the Section 184 program has guaranteed over 33,000 loans, representing over $5.4 billion dollars in increased capital into Native American Communities.
How Section 184 Works
The Office of Loan Guarantee within HUD’s Office of Native American Programs, guarantees the Section 184 home mortgage loans made to Native borrowers. The loan guarantee assures the lender that its investment will be repaid in full in the event of foreclosure.
The borrower applies for the Section 184 loan with a participating lender, and works with the tribe and Bureau of Indian Affairs if leasing tribal land. The lender then evaluates the necessary loan documentation and submits the loan for approval to HUD’s Office of Loan Guarantee.
The loan in limited to single-family housing (1-4 units), and fixed-rate loans for 30 years of less. Neither adjustable rate mortgages (ARMs) nor commercial buildings are eligible for Section 184 loans. Maximum loan limits vary by county. Click on the link below for the most current loan limits.
- Section 184 - Maximum loan limit by county Revised (Effective June 1, 2016)
By encouraging lenders to serve Native communities, Section 184 is increasing the marketability and value of the Native assets and strengthening the financial standing of Native communities.
- American Indians or Alaska Natives who are members of a federally recognized tribe
- Federally recognized Indian tribes (Complete List)
- Tribally designated housing entities
- Indian Housing Authorities
Native Hawaiians can access homeownership loans through the Section 184A Program.
Loans must be made in an eligible area. The program has grown to include eligible areas beyond tribal trust land. Click on the links below to determined participating States and counties across the country.
Borrowers must apply with a HUD-approved Section 184 lender. Approved lenders are listed below.
Additional homebuyer resources, including homebuyer classes, can be found at www.hud.gov/counseling.
Alaska Rural Homeownership Resource Guide
Section 184 Brochure (May 2011)Section 184 Brochure (May 2011)
Promoting Tribal Economies Through Homeownership Brochure
BIA Contract Guide for Mortgage Lending (9/2016)