Section 184 Eligibility
* All Washington and Oregon Tribes are eligible for consideration under the Section 184 Loan Guarantee Program
* American Indians or Alaska Natives who are enrolled members of a federally recognized tribe
* A member of an Alaska Village and Regional Corporation established pursuant to the Alaska Native Claims Settlement Act
* An IndianTribe
* A Tribally Designated Housing Entity (TDHE)
* An Indian Housing Authority (IHA)
Individuals, tribes, TDHEs and IHAs may use the Section 184 Loan for:
* Acquisition and/or rehabilitation of existing housing
* Construction of new housing, including manufactured housing affixed to a permanent foundation
* Refinancing
Eligibility is limited to single-family housing (1-4 units), and fixed-rate loans for
30 years or less. Section 184 cannot be used for commercial structures or with Adjustable Rate Mortgages (ARMs). Tribes, TDHEs or IHAs can borrow funds to develop rental housing or to build single-family homes that are subsequently sold (or assumed) by eligible borrowers.
Contact me to get started on a Section 184 loan, today