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HUD-Guaranteed Section 184 Native American Mortgages

Expand Your Opportunity with Native American Mortgages

Offer Section 184 Native American Mortgages guaranteed by HUD and better serve the needs of Native American, Alaskan Native, and New Mexican Pueblo homebuyers. Freddie Mac purchases these mortgages from lenders that have obtained Freddie Mac approval.

Section 184 Native American Mortgages may be secured by 1- to 4-unit primary residences that may be either owner-occupied or leasehold estates located on both fee simple and restricted lands. These mortgages must be sold to Freddie Mac with recourse through the Fixed-rate Guarantor, Fixed-rate Cash or MultiLender Swap sale options available in the selling system.

Full and complete information about HUD's Section 184 loan program is available from
HUD offices.

Product Features

Feature
Requirements
Property Type
  • 1- to 4-unit primary residences, including condominiums, planned unit developments (PUDs) and manufactured homes (in accordance with HUD requirements)
    • Manufactured homes in accordance with requirements in the Single-Family Seller/Servicer Guide (Guide)
  • Construction or rehabilitation must be completed before the mortgage is sold
  • Properties located on:
    • Alaskan Native lands
    • Native American trust, allotted trust and unrestricted lands
    • Tribal fee status land for New Mexican Pueblos
    • Rancheros in California
Note: Owner-occupancy is not a requirement for Tribally Designated Housing Entities, Indian Housing Authorities or Indian Tribes.
Eligible Mortgage Products
  • 15-, 20-, and 30-year fixed-rate mortgages
  • First lien
  • Assumable
  • Mortgages must not be seasoned mortgages
  • Maximum loan amount may not exceed lesser of Freddie Mac loan limits or any HUD Section 184 Regulation loan limits
  • Mortgages may not be originated in connection with other FHA/VA programs, such as Section 203(k) of the National Housing Act
Transaction Type
  • Purchase transaction only
Maximum LTV Ratios (without secondary financing)
  • Each Section 184 Native American Mortgage must comply with Guide LTV/TLTV ratio requirements, unless the applicable Section 184 Regulations are more restrictive.
Eligibility/Underwriting
  • Non-Loan Prospector only
  • Mortgage insurance is not required
  • Mortgages must be sold to Freddie Mac with recourse within the requirements of Guide Section 11.10(a)
  • Underwriting requirements are based on HUD requirements and take into consideration the unique needs of Native American borrowers. See HUD regulations for more information
Execution Options
  • Fixed-Rate Cash
  • Fixed-Rate Guarantor
  • MultiLender Swap
Delivery Fees
  • Postsettlement delivery fees may apply based on the individual characteristics of the mortgage. See Guide Exhibit 19 for details on applicable fees.
  • The Investment Property Mortgage postsettlement delivery fee indicated in Guide Exhibit 19 will not be assessed if the borrower is a Tribally Designated Housing Entity, an Indian Housing Authority, or an Indian Tribe.
  • The CS/LTV fee will not be assessed for all mortgages delivered as Section 184 Native American Mortgages.
Special Delivery Requirements
  • See Guide Chapter 17.16 for special delivery instructions for all HUD Guaranteed Section 184 Native American Mortgages.
Single-Family Seller/Servicer Guide
  • Refer to Guide Chapter 35

Download a HUD-Guaranteed Section 184 Native American Mortgages fact sheet for more details.

  • Refer to Guide Section 35.4 and Guide Section 17.11 for complete requirements relating to HUD-Guaranteed Section 184 Native American Mortgages.

Lender Benefits

Use Section 184 Native American Mortgages to:

  • Offer mortgages to Native Americans on property with unique title situations
  • Meet Community Reinvestment Act (CRA) goals, where applicable
  • Increase homeownership opportunities in a traditionally underserved market

Benefits for Your Borrowers

As permitted by the Section 184 Regulations, Section 184 Native American Mortgages may help your borrowers:

  • Finance closing costs for those that need assistance
  • Use flexible options for funding a down payment, closing costs and prepaids, and no reserve requirements

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Training Opportunities 

The information in this document is not a replacement or substitute for information found in the Single-Family Seller/Servicer Guide and/or the terms of your Master Agreement and/or Master Commitment.

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The information in this document is not a replacement or substitute for information found in the Single-Family Seller/Servicer Guide and/or the terms of your Master Agreement and/or Master Commitment.

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