Definition
HUD-insured loan program providing homeownership financing for Native Americans on or near tribal lands.
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Section 184 provides down payment assistance as low as 2% and favorable terms for Native American homebuyers. Available on reservation or trust land. Administered through tribal housing programs and approved lenders. Reduces barriers to homeownership. Builds tribal wealth and stability. Lower credit score requirements. Interest rates below market. Supports tribal economic development. Properties must be on or near tribal lands. Limited to federally recognized tribes.
Pro Tip
Tribal housing departments can provide information on Section 184 loans for eligible members.
Example
A Section 184 loan enabled a tribal member to purchase a home on reservation land with 2% down payment.