Section 184

This is a section of HUD that is for Native Americans that have their roll card to a federally recognized tribe.  It has similar qualifications to FHA loans but will lend on tribal land, only requires 2.25% down payment, has only a 1% funding fee (as opposed to FHA’s 1.75%), and has only a .01% monthly MI charge (compared to .85% on FHA).  This loan is a great option for most Native Americans looking to purchase a home. Click here to compare options.