By Jeff Scroggins, First National Bank & Trust Co. Mortgage Loan Officer

I get it — the real estate world can be overwhelming. Whether you’re purchasing, constructing, renovating or refinancing your home, there are many factors to consider when choosing financing.

Members of federally recognized tribes have an option not available to other people. The U.S. Department of Housing and Urban Development offers a special program for tribal citizens called the Section 184 Indian Home Loan Guarantee Program, often referred to as a HUD 184 loan. These home loans come with lots of security and extra benefits, including a lower down payment requirement.

First National Bank & Trust Co. offers these loans to tribal citizens in any state (except New York) where the program is available. As a mortgage loan officer for FNB, I’m here to help the community learn about qualifying for a HUD 184 loan, what sort of benefits are included and why people should talk to FNB first.

HUD 184 loan benefits

There is a wealth of advantage to using HUD 184 loans. Benefits include:

  • A lower down payment requirement. Down payments for HUD 184 loans are typically 2.25 percent on loans over $50,000 and only 1.25 percent on loans under $50,000.
  • No minimum credit score. Many home loan programs require applicants to have a certain credit score — but not so with the HUD 184 program.
  • Manual underwriting. Instead of using automated decision-making tools, the program utilizes a hands-on approach to underwriting. This means we can better evaluate loans on a case-by-case basis.
  • No hidden fees. HUD 184 loans are reasonable and affordable, and fees are closely monitored.
  • Easier financing. A HUD 184 loan is a simple, pain-free financing option for tribal members. This program was specifically created for federally recognized tribal members, and people can rest assured it is designed to work for them.

HUD 184 loan qualifications

The main qualification for HUD 184 loans is being an enrolled member of a federally recognized tribe. HUD rules state as long as there is at least one tribal member on the loan, then non-Natives can be included on the loan also.

Before borrowers start the process, there are a few things to consider. Do they or will they own the land your home is situated on, or is it part of tribal land? This will determine if FNB can process the loan, so we’ll ask right off the bat.

It’s also a wise idea to do a self-assessment. Do people have adequate and stable income? What are their outstanding debts? Do they have sufficient funds to cover the down payment and closing costs? First-time homebuyers might consider education classes; they can visit to find HUD-approved counseling agencies.

HUD 184 loan uses

The program isn’t just for people purchasing existing homes — it’s also for those interested in refinancing, building a new home and rehabilitating a home (such as weatherization). Though we most frequently work with people who are purchasing and refinancing, we are equipped to handle a variety of unique situations.

Talk to your Tribe’s bank, FNB, first

Our highly qualified team is here to help customers through every step of the process, making them feel relaxed and secure. With thousands of successful HUD 184 loans approved, they can trust they’ll be taken care of.

Learn more by visiting or calling 888-640-8934.