Native Home Loans : Hud184

01/25/2023

HUD184 History in under 90 seconds

What is the HUD184 Native American Home Loan Program? Find out in 77 seconds!!

01/25/2023

https://www.hud.gov/sites/dfiles/PIH/documents/184_Map_States_and_Counties.pdf

10/05/2022

Rates are high but historically they have settled down after spikes and refinances will again become very popular once they settle.

09/10/2022

If you haven’t seen it yet….

📌 The Housing Authority of the Cherokee Nation is continuing to offer the Emergency Rental Assistance Program in response to the COVID-19 pandemic.

➡️ Renter households in need of assistance may submit their application online at www.hacn.org/ERAP until 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟏𝟔, 𝟐𝟎𝟐𝟐.

05/18/2022

Big update for Native home loans today (HUD184) with an increased access to affordable housing in today's competitive housing markets. 2.25% down and Cheap PMI for Tribal Citizens. Today's mortgage increases just went up to 420k in OK,NM, KS, up to 764k in OR, CO, FL (select counties) and up to 970k in CA, WA (select counties). DM me for more info.

03/10/2022

Serious Delinquency Rate for All Mortgage Loan Types Down from Last Year

05/13/2021

“On average, every home sold in March had nearly 5 offers on it, according to the National Association of Realtors.”

The real estate market continued to break historic records in April, as home prices rose 21% YoY and the median home-sale price soared to $348,500.

02/26/2021

It appears Mortgages in the 2% are in the past, but you can find low 3% still if you act quickly. See below:

The average rate on the 30-year fixed mortgage — the most common home loan — jumped to 2.97% from 2.81% the week before, according to Freddie Mac.

12/18/2020

With rates low & inventory down I've seen large volumes of refinances and construction loans in 2020. The cost of lumber has jumped due to low production and fires in the West, but I suspect that will begin to normalize by end of 2021. The migration from urban areas to rural areas has begun as people are able to work from home & free to choose to live in low-cost areas outside of commuting distance.

The HUD184 program experienced the largest increase in the amount a Native family can borrower in well over 5yrs. Long overdue, but greatly appreciated by those in urban areas where the cost of living normally exceeds what an average government mortgage can do. Oklahoma, home to 29 tribes, has been aboard the HUD184 train for many years, but I'm now happy to see large volumes in California, Washington, Oregon, and Colorado as the opportunity & benefits to buy a home in these areas have become a dominating trend.

My hope for programs like these is they continue to expand, serving additional states while expanding avenues such as small business lending, insurance, or tribal infrastructure. These doors are, at this moment, only cracked open when I see signs for a flood of ready & anxious tribal business waiting on the other side.

Let's continue knocking on that door & in the meantime, please have a safe, healthy, and Happy Holiday season. Wado (Thank you). -Brandon

12/11/2020

I've seen huge increase in construction loans on tribal land in 2020 & take pride in seeing Native families, most have never owned a home, take that step in investing in themselves. WADO (Thank you) for the folks we're lucky to have and work with on a daily basis from Tribal Housing Authorities, Tribal Attorneys, HUD, Office of Native American Programs (ONAP), our team at 1st Tribal Lending and Chickasaw Community Bank, and some really remarkable realtors that're all going the extra mile to help their citizens have a home on their family land.