Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

Account Closed
  • Renter
  • Owasso, OK
2
Votes |
5
Posts

HUD Section 184 Loan

Account Closed
  • Renter
  • Owasso, OK
Posted

Hello everyone,

My name is Harrison and I am from Tulsa, Oklahoma. I am looking to purchase my first property, 2-4 units, utilizing the "house hacking" strategy. Doing some research on financing, I discovered the HUD Section 184 loan for Native Americans. The loan offers a low 2.25% down payment, structured to purchase and finance the improvements "rehab" in single closing, and with regular 30 year fixed rates available. Being a Cherokee member myself, this seems to be an great way to get started in my real estate journey.

Has anyone ever used a Section 184 loan? If so, what was your experience like? Unapparent challenges, pitfalls, disadvantages, etc.? Also, any general advice for a Newbie is greatly appreciated.

Thank you!

Most Popular Reply

User Stats

316
Posts
215
Votes
Scott England
  • Rental Property Investor
  • Oklahoma
215
Votes |
316
Posts
Scott England
  • Rental Property Investor
  • Oklahoma
Replied

@Harrison Moseby

You may also want to reach out to Bank 2 in OKC. They have a large Native American client base and originate quite a few 184 loans.

Loading replies...