What is the Section 184 Tribal Loan Program?

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The Section 184 Loan Program is a fantastic loan programs which provides access to mortgage financing to Native American tribal members. This is a home loan program with many benefits to tribal members:

  • Low Down Payment: 2.25% (Most other loan programs require a larger down payment)
  • Low FIXED Interest Rates: Based on market rates, not on applicant’s Credit Scores; Rates are currently at the lowest rates in history!
  • Manual Underwriting: The Program utilizes a hands-on approach to underwriting and approval as opposed to automated decision-making tools. Underwriters are familiar with the unique nature of this program and its participants.
  • No monthly mortgage insurance: A one-time 1% up front guarantee fee is paid at closing and can be financed into the loan. No monthly mortgage insurance required, which can be a significant savings over other loan programs!
  • Knowledgeable Staff: Section 184 lenders understand the unique circumstances associated with lending to Native Americans and work closely with borrowers to achieve home ownership and to avoid default and foreclosure.

You can use the Section 184 Loan to:

  • Purchase an Existing Home
  • Rehabilitate a Home, including weatherization
  • Purchase and Rehabilitate a Home Refinance a Home (Lower Rate, Shorten Term, Streamline, or provide Cash Out)
  • Tribes can use the program to process multiple home loans for its members all at one time!

Section 184 loans are designed to be used solely for single family homes (1-4 units) which will be the tribal member’s primary residence. Only one of the borrowers needs to be an enrolled member of a federally recognized tribe that participates in this program.

Who should I call?
Summit Funding’s Palm Desert office has loan officers specially trained in all aspects of Section 184 home loans. Call your neighborhood home loan experts at SUMMIT FUNDING for more details at 760-568-0300. All aspects of the loan application process can be handled over the phone and on-line for loans throughout the state of California! Summit Funding also handles VA, FHA, Conventional and many other loan programs. Summit Funding, Inc. is an equal housing lender.

For further information contact Jeff Ellenz at This email address is being protected from spambots. You need JavaScript enabled to view it.