Section 184 Indian Home Loan Guarantee Program - Arizona

Section 184 Indian Home Loan Guarantee Program - Arizona is a first mortgage for homebuyers in Arizona, administered by U.S. Department of Housing and Urban Development (HUD), Office of Native American Programs - Office of Loan Guarantee (administered through approved lenders). The Section 184 Indian Home Loan Guarantee Program is a mortgage product for enrolled members of federally recognized tribes (and tribes/TDHEs) that provides 100% HUD-guaranteed financing with a low down payment, available on and off native lands across Arizona. It can be used to purchase an existing home, build or rehabilitate a home, purchase and rehabilitate, or refinance, for 1-4 unit primary residences. The program features manual underwriting, interest rates based on market rather than credit score, protections against predatory lending, and a low 2.25% down payment (1.25% on loans under $50,000). A one-time 1% upfront loan guarantee fee applies and can be financed; there is no annual guarantee fee for loans closed on or after July 1, 2023. Funding comes from Federal - HUD Office of Loan Guarantee (Section 184, Housing and Community Development Act of 1992).

Section 184 Indian Home Loan Guarantee Program - Arizona is a first mortgage and is repaid under the terms set by U.S. Department of Housing and Urban Development (HUD), Office of Native American Programs - Office of Loan Guarantee (administered through approved lenders). The assistance is recorded in First lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Section 184 Indian Home Loan Guarantee Program - Arizona is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Interest rates are based on market rates, not the applicant's credit score; manual underwriting is used. Residency requirement: Loan must be made in a Section 184-eligible area; Arizona is an approved state. Borrower must be enrolled in a federally recognized tribe. Citizenship or immigration status: Enrolled member of a federally recognized tribe. Borrower must be a currently enrolled member of a federally recognized tribe; verification of enrollment is required. Loans must be in an eligible area determined by participating tribes (Arizona is an approved state). Section 184 loans cannot be used for adjustable-rate mortgages or for second/investment properties. For trust/allotted land, a title status report or tribal lease may be required.

Section 184 Indian Home Loan Guarantee Program - Arizona sets its income limit as follows: No federal income limit on the Section 184 loan itself (down payment assistance, if layered from a tribe or HFA, may carry its own limits). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Section 184 Indian Home Loan Guarantee Program - Arizona caps the purchase price as follows: Subject to Section 184 maximum loan limits by county (see HUD loan-limit schedule). Eligible property types include Single-family (1-4 units), Site-built, and Manufactured homes on permanent foundations. New construction is eligible. Manufactured homes are eligible.

Section 184 Indian Home Loan Guarantee Program - Arizona names American Indian and Alaska Native homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Section 184 Indian Home Loan Guarantee Program - Arizona serves homebuyers purchasing anywhere in Arizona. The program targets specific areas: Eligible areas are determined by participating tribes; Arizona is an approved state with approved counties (see HUD Section 184 approved counties map).

Applications for Section 184 Indian Home Loan Guarantee Program - Arizona go through U.S. Department of Housing and Urban Development (HUD), Office of Native American Programs - Office of Loan Guarantee (administered through approved lenders), which publishes the current terms and the application steps on its own site. Funds are reserved through Apply through a HUD-approved Section 184 lender; loans are manually underwritten by the Office of Loan Guarantee. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.