How powerful is the Section 184 Native American Program? This loan has no mortgage insurance and a low down payment! More facts:
- Buying a house for $130K FHA and $160K Section 184 = approximately the same payment.
- Native American Loan Program eliminates monthly mortgage insurance and only requires 2.25% down payment in New Mexico and Colorado
- You can get an MFA loan combined with a Section 184 Native American loan and a 2/1 buydown.
- Imagine at mortgage closing with only a 550 credit score! What’s the interest rate 9%? Nope It was only 4.75%.
Call Todd for even more information about this incredible loan program that can help you save money on the purchase of your home! 505-918-1028
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