HUD Section 184 Indian Home Loan Guarantee Program — Mississippi

HUD Section 184 Indian Home Loan Guarantee Program — Mississippi is down payment assistance for homebuyers in Statewide County, Mississippi, administered by HUD Office of Native American Programs — Office of Loan Guarantee. The HUD Section 184 Indian Home Loan Guarantee Program provides 100% government-guaranteed mortgage financing specifically for American Indian and Alaska Native families, Alaska villages, tribes, or tribally designated housing entities. Established by Congress in 1992, the program enables homeownership with a low down payment (typically 2.25% for loans over $50,000 or 1.25% for loans $50,000 and under) and flexible underwriting, usable both on and off tribal trust land. Loans may be used for purchase, refinance, construction, or rehabilitation of a primary residence. Mississippi is an approved state; eligible counties are listed in HUD's county approval document. 100% government loan guarantee. Low down payment (1.25%-2.25%). Flexible manual underwriting — no minimum credit score. On and off tribal land. Purchase, refinance, construction, or rehab. Fixed rate only — no ARM risk.

HUD Section 184 Indian Home Loan Guarantee Program — Mississippi is down payment assistance and is repaid under the terms set by HUD Office of Native American Programs — Office of Loan Guarantee. The assistance is recorded in First position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

HUD Section 184 Indian Home Loan Guarantee Program — Mississippi is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Flexible underwriting; no stated minimum FICO score. Manual underwriting available. Borrower must be a member of a federally recognized tribe. Eligible borrower types: individual tribal members, federally recognized tribes, TDHEs, and Indian Housing Authorities. Final rule strengthening the program published March 2024. Down payment: 2.25% for loans over $50,000; 1.25% for loans at or below $50,000. Loans must be in HUD-approved counties in Mississippi — see county approval list. Borrower works with participating lender and tribe/BIA if leasing tribal land. Mississippi Band of Choctaw Indians (Neshoba County) is MS's primary federally recognized tribe.

HUD Section 184 Indian Home Loan Guarantee Program — Mississippi sets its income limit as follows: No income limit specified; eligibility based on tribal membership and creditworthiness. Must demonstrate ability to repay. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

HUD Section 184 Indian Home Loan Guarantee Program — Mississippi caps the purchase price as follows: Maximum loan amounts vary by county; see HUD Section 184 Maximum Loan Limit table by county. Eligible property types include Single Family, 2-4 Unit, and New Construction. New construction is eligible. Manufactured homes are not eligible.

HUD Section 184 Indian Home Loan Guarantee Program — Mississippi 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.

HUD Section 184 Indian Home Loan Guarantee Program — Mississippi serves homebuyers purchasing in Statewide County, Mississippi.

Applications for HUD Section 184 Indian Home Loan Guarantee Program — Mississippi go through HUD Office of Native American Programs — 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.