HUD Section 184 Indian Home Loan Guarantee Program (Colorado)

What is HUD Section 184 Indian Home Loan Guarantee Program (Colorado)?

HUD Section 184 Indian Home Loan Guarantee Program (Colorado) is a grant for homebuyers in Tribal Areas Colorado County, Colorado.

• HUD's Section 184 Indian Home Loan Guarantee provides Native American tribal members access to private mortgage financing with a low 2.25% down payment (loans over $50K). No PMI; flexible underwriting. Available on or off reservation throughout Colorado.
• Low 2.25% down payment on loans over $50,000.
• no PMI.
• flexible underwriting.
• on or off reservation.
• available to Native American tribal members.
• government guarantee reduces lender risk.
• Funding comes from Federal.

Do you have to pay it back?

HUD Section 184 Indian Home Loan Guarantee Program (Colorado) is structured as a grant, so it is not repaid.

• Repayment is triggered by Sale and Refinance.
• The assistance is recorded in 1st Lien (guaranteed) position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

HUD Section 184 Indian Home Loan Guarantee Program (Colorado) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

HUD Section 184 Indian Home Loan Guarantee Program (Colorado) sets its income limit as follows: No income limit; available to all tribal members regardless of income.

• The limit applies to total household income, not only the borrower’s.
• 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?

HUD Section 184 Indian Home Loan Guarantee Program (Colorado) caps the purchase price as follows: Based on FHA/conforming limits for the area; no set national cap.

• Eligible property types include Single Family, Condo, and Townhouse.
• New construction is eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

HUD Section 184 Indian Home Loan Guarantee Program (Colorado) 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?

HUD Section 184 Indian Home Loan Guarantee Program (Colorado) serves buyers purchasing in Tribal Areas Colorado County, Colorado.

How do you apply?

Applications for HUD Section 184 Indian Home Loan Guarantee Program (Colorado) go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved homebuyer education recommended.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through First-Come-First-Served, and are subject to availability.

3. 3

   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.