HUD Section 184 Indian Home Loan Guarantee Program — Mississippi

What is 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.
• This is a federal program, so it is available beyond a single state or city.

Do you have to pay it back?

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.

Who qualifies?

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

What are the income limits?

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.

What kind of home can it be used for?

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.

Is there eligibility for specific groups?

HUD Section 184 Indian Home Loan Guarantee Program — Mississippi 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 — Mississippi is a federal program, so it is not limited to Mississippi.

How do you apply?

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.

1. 1

   Contact HUD Office of Native American Programs — Office of Loan Guarantee to reserve funds

   Funds are reserved with the provider 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.