Section 184 funding fee increase to take place
To meet the growing demand for participation in the Section 184 program, HUD is increasing the loan guarantee fee paid by borrowers to 1.5 percent of the principal obligation. By raising the loan guarantee fee paid by borrowers to 1.5 percent of the principal obligation, the credit subsidy rate will go down, and HUD expects […]
The wait is over, refinance funds will be available
Effective Friday April 4th, 2014 – The Section 184 Native American Mortgage home loan program will resume issuing case numbers for refinances on fee simple land. This means that the Section 184 program will again be offering all refinance types that were previously available. However, it is important to note that all refinance transactions, including […]
