New Increased Oklahoma Section 184 Native American Loan Amount Maximum Limits 01/29/2024

Scissortail Financial is excited to announce that the Office of Native American Programs within HUD has increased the maximum loan amount limit for the Section 184 Native American Tribal Loan Program.  This program was designed to provide access to mortgage financing for Native American and Alaskan Native tribal members and can be used both on and off native lands. This is great news for Oklahoma and will provide a big advantage for tribal members looking to purchase a home or refinance their existing loan.  In addition to the benefit of no monthly mortgage insurance, flexible underwriting, and a very small down payment of only 2.25%, this new loan limit will increase the borrowing power for those eligible to use the program.

These are the new loan amount limits that will take effect on January 30th, 2024.

1 Unit Primary Residence $498,257
2 Unit Primary Residence $637,950
3 Unit Primary Residence $771,125
4 Unit Primary Residence $958,350

These are the Oklahoma counties impacted by the new loan limit.

ADAIR
ALFALFA
ATOKA
BEAVER
BECKHAM
BLAINE
BRYAN
CADDO
CANADIAN
CARTER
CHEROKEE
CHOCTAW
CIMARRON
CLEVELAND
COAL
COMANCHE
COTTON
CRAIG
CREEK
CUSTER
DELAWARE
DEWEY
ELLIS
GARFIELD
GARVIN
GRADY
GRANT
GREER
HARMON
HARPER
HASKELL
HUGHES
JACKSON
JEFFERSON
JOHNSTON
KAY
KINGFISHER
KIOWA
LATIMER
LE FLORE
LINCOLN
LOGAN
LOVE
MAJOR
MARSHALL
MAYES
MCCLAIN
MCCURTAIN
MCINTOSH
MURRAY
MUSKOGEE
NOBLE
NOWATA
OKFUSKEE
OKLAHOMA
OKMULGEE
OSAGE
OTTAWA
PAWNEE
PAYNE
PITTSBURG
PONTOTOC
POTTAWATOMIE
PUSHMATAHA
ROGER MILLS
ROGERS
SEMINOLE
SEQUOYAH
STEPHENS
TEXAS
TILLMAN
TULSA
WAGONER
WASHINGTON
WASHITA
WOODS
WOODWARD