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Types of Loans

HUD-184 – Native American Home Loan Program
Federally-backed Section 184 loans are available for purchase, refinance, new construction, and renovation. Regardless of where you live, you can use the nation's leading Native American Home Lender, in the heart of Indian Country!

  • Low down payment
  • Home can be on or off native lands

                Purchase

The HUD-184 program can be used for the purchase of an existing property or to finance the purchase of new construction once the property is completed.

                Refinance

The HUD-184 program can be used for the refinance of an existing mortgage. The program provides both cash-out refinance and no cash-out refinance options.

                Single Close Construction

If you are thinking about building your own home, the HUD Section 184 loan program makes it easy! With the HUD Section 184 Single Close Construction loan, you only take out one loan for the construction and the mortgage. It is all done in one transaction! This saves time and money because you only have to apply for one loan and you avoid the closing costs on the second loan.

                Rehabilitation

FHA
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn't that great.

                Purchase

                Refinance

                Single Close Construction

                Rehabilitation

Conventional
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn't that great.

                Purchase

                Refinance

 

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