Section 184 Indian Home Loan Guarantee Program - Arizona

What is 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).

Do you have to pay it back?

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.

Who qualifies?

Section 184 Indian Home Loan Guarantee Program - Arizona is open to buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Is there eligibility for specific groups?

Section 184 Indian Home Loan Guarantee Program - Arizona names American Indian and Alaska Native buyers 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.

Where does it apply?

Section 184 Indian Home Loan Guarantee Program - Arizona serves buyers 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).

How do you apply?

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.

1. 1

   Contact U.S. Department of Housing and Urban Development (HUD), Office of Native American Programs - Office of Loan Guarantee (administered through approved lenders) to reserve funds

   Funds are reserved through Apply through a HUD-approved Section 184 lender; loans are manually underwritten by the Office of Loan Guarantee., and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.