Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program

Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program is a first mortgage for homebuyers in Mount Pleasant, Michigan, administered by Saginaw Chippewa Housing Department (HUD Section 184 Office of Loan Guarantee). The Saginaw Chippewa Housing Department facilitates HUD's Section 184 Indian Home Loan Program for enrolled members of federally recognized tribes, providing a low-down-payment, HUD-guaranteed mortgage. Borrowers work with a participating lender (and the tribe and BIA when leasing tribal trust land), and HUD's Office of Loan Guarantee guarantees the loan. Down payments are as low as 1.25%-2.25% and interest rates are set by market, not credit score. Low down payment (1.25%-2.25%). Market interest rates not based on credit score. One-time 1.5% financeable guarantee fee. Available on fee-simple and tribal trust land. Predatory-lending fee protections. Funding comes from HUD Office of Native American Programs, Office of Loan Guarantee (Section 184).

Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program is a first mortgage and is repaid under the terms set by Saginaw Chippewa Housing Department (HUD Section 184 Office of Loan Guarantee). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Interest rate based on market rates, not applicant credit scores; program monitors lender fees against predatory lending. Citizenship or immigration status: Must be an enrolled member of a federally recognized tribe. Tribal/federal program: borrower must be an enrolled member of a federally recognized tribe. First-mortgage loan-guarantee program (not a cash grant/second). Toll-free 1-800-894-9887. Tribe links HUD's Section 184 participating-lender list.

Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program sets its income limit as follows: No published program income cap on the tribal page; standard HUD Section 184 underwriting applies (HUD income references). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program can be used for Single Family.

Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program 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.

Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program serves homebuyers purchasing in Mount Pleasant, Michigan.

Applications for Saginaw Chippewa Indian Tribe Section 184 Indian Home Loan Program go through Saginaw Chippewa Housing Department (HUD Section 184 Office of Loan Guarantee), which publishes the current terms and the application steps on its own site. 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.