FAQ -Ask A 184 Professional


1)  Are Section 184 loans a low income housing program?

NO. Income and assets are documented in order to determine the ability to repay. Just like a VA loan is to a veteran, Section 184 is to benefit an underserved Native American community of all incomes.

2)  What are the benefits of Section 184 Loans for Native Americans?

Lower Monthly PMI. Most lenders only quote you their rate of the day, but they assume you know the fees. PMI (MIP) is required on conventional and government home loans. 184 loans have lower monthly fees.
3)  Do I have to live on Tribal Land?

NO. The home can be anywhere in the states that Today Lending is licensed.

FAQ  Section 184 Loans

FAQ Section 184 Questions by Native American

4)  Can I buy or refinance and mobile home?
Yes. As long as it meets HUD installation guidelines. i.e. must be on a permanent foundation, no flaking paint etc.

5)  Does my spouse have to be Native American?

NO. Only one of the borrowers on the loan need to be a citizen of a federally recognized tribe.
6)  What is the Section 184 Loan credit score requirement?

NO CREDIT SCORE REQUIREMENTS (Must have no outstanding collections or late payments within one Year.) Do not get this confused with bad credit. We simply take a commonsense approach. The underwriters are looking for demonstrated ability to repay the home loan.

7)  Do I have to be a full blooded Native American?

NO. All you need is your citizenship card for a federally recognized tribe.

8)  What are the Section 184 Loan Limits?

Each county is different.  Here is a list for each county.


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Today Lending LLC

(918) 582-7283
320 Boston Avenue Suite #1026-8
Tulsa, OK 74103

NMLS Consumer Access
NMLS #182041
A Kansas Mortgage Company. Regulated in Colorado by the Division of Real Estate #74120.