HUD 184 Loans Riverside County California

Section 184 Indian Home Loan Guarantee Program

According to the latest figures from HUD there has been over $4,171,447,044 of home loans Guaranteed
in Indian Country, and 25,748 loans to date as of 2015. The great thing about the Section 184 Loan Guarantee Program, or better known as the HUD 184 loan can be offered on or off Native land.Native American home-ownership has historically been an undeserved market, because of the unique status of Indian lands being held in Trust. Working with an expanding network of private sector and tribal partners, the Section 184 Program looks to increase access to more capital for Native Americans and also provide private funding opportunities for tribal housing agencies with the HUD Section 184 Home Loan Program.

Eligable 184 borrowers can be  Indian or Alaska Native who plan to occupy the property as a principal residence and who have also met the credit and underwriting standards. An Indian tribe, Indian Housing Authority (IHA) or Tribally Designated Housing Entity (TDHE) may borrow funds to develop homes that that are subsequently sold to eligible borrowers, or to create tribal owned rental housing.

MAXIMUM LOAN AMOUNT

The maximum loan amount is the lowest of:

• 150% of FHA loan limits for the applicable county

or

• Loan to Value (LTV) (Appraised value – excluding closing costs):

• 98.75% of LTV if appraised value is $50,000 or less
• 97.75% of LTV if appraised value is more than $50,000

or

• Acquisition Cost (sales price + closing costs)

• 98.75% of acquisition cost if it is $50,000 or less
• 97.75% of acquisition cost if it is more than $50,000

 

Learn more about the benefits of this amazing home loan product by applying for a Section 184 Indian Home Loan Guarantee Program in Riverside County California.Our Riverside HUD 184 loan expert also works with real estate agents that are familiar with this type of home loan financing. Working with a finance professional that is already working with HUD 184 approved lenders in Riverside CA will make the whole process much easier. Speak to a HUD 184 loan Riverside specialist by calling the local office here 951-200-5750

HUD 184 Loan Service Area Riverside County California

HUD 184 Loan Banning
HUD 184 Loan Beaumont
HUD 184 Loan Blythe
HUD 184 Loan Calimesa
HUD 184 Loan Canyon Lake
HUD 184 Loan Cathedral City
HUD 184 Loan Coachella
HUD 184 Loan Corona
HUD 184 Loan Desert Hot Springs
HUD 184 Loan Eastvale
HUD 184 Loan Hemet
HUD 184 Loan Indian Wells
HUD 184 Loan Indio
HUD 184 Loan Jurupa Valley
HUD 184 Loan Lake Elsinore
HUD 184 Loan La Quinta
HUD 184 Loan Menifee
HUD 184 Loan Moreno Valley
HUD 184 Loan Murrieta
HUD 184 Loan Norco
HUD 184 Loan Palm Desert
HUD 184 Loan Palm Springs
HUD 184 Loan Perris
HUD 184 Loan Rancho Mirage
HUD 184 Loan Riverside
HUD 184 Loan San Jacinto
HUD 184 Loan Temecula
HUD 184 Loan Wildomar

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