Bay Bank is proud to offer the HUD Section 184 Indian Housing Loan Program. Bay Bank and its lenders are approved to originate Section 184 home mortgage loans through the U.S. Department of Housing and Urban Development (HUD).
Enrolled members of a federally recognized tribe may be eligible for the Section 184 program.
Indian tribes or Indian housing authorities also are eligible for Section 184 loans, under state-by-state eligibility requirements.
See if your state is eligible
The Section 184 loan is a 15- or 30-year fixed-rate mortgage, fully amortized with regular monthly payments with escrow for homeowner’s insurance and property taxes. The loan features a low-down payment and flexible underwriting. HUD Annual Insurance Premium is required on all loans with less than 22% down payment or equity.
Section 184 loans can be used on and off trust lands for:
Section 184 Brochure