✓ You must be an enrolled member of a federally recognized American Indian or Alaska Native tribe to use a HUD Section 184 loan as an individual borrower. Tribal enrollment must be verified as part of the loan process.
✓ Down payments are as low as 1.25% - 2.25% (which is lower than FHA loans!)
✓ No minimum credit score - HUD Section 184 does not use a minimum credit-score cutof. Lenders to evaluate your full credit history, debts, income, and overall ability to pay the mortgage.
✓ Section 184 loans currently have a 1.5% upfront loan guarantee fee, which may be financed into the loan. HUD eliminated the annual loan guarantee fee for loans closed on or after October 1, 2026.
✓ ZERO monthly mortgage insurance - some loans have an extra mortgage insurance payment. HUD-184 doesn’t require monthly mortgage insurance (aka PMI or annual guarantee fee).
✓ For 2026, the standard one-unit HUD Section 184 loan limit in Oklahoma is $541,287. Higher limits apply to two-, three-, and four-unit properties.
✓ Section 184 loans currently have a 1% upfront loan guarantee fee, which may be financed into the loan. HUD eliminated the annual loan guarantee fee for loans closed on or after July 1, 2023.
✓ HUD Section 184 financing can be used to purchase an existing home, build a new home, rehabilitate a home, purchase and renovate a home, or refinance an existing mortgage. Eligible properties are generally limited to one-to-four-unit primary residences.
✓ HUD Section 184 loans can be used in all areas throughout Oklahoma, including properties located off tribal trust land. Section 184 financing is available in approved program areas and may be used on fee-simple, allotted trust, or tribal trust land, subject to program requirements.
✓ ZERO monthly mortgage insurance - some loans have an extra mortgage insurance payment. HUD-184 doesn’t require monthly mortgage insurance (aka PMI or annual guarantee fee).
✓ Tribal, state, or other governmental homebuyer-assistance funds may be available in some situations. Assistance varies by tribe and program, so borrowers should verify current options rather than assume a grant is available. HUD permits certain governmental entities to provide funds toward the borrower’s required investment.