If you're part of an indigenous community, then you have the right to apply for a Section 184 home loan. It can help you save on the down payment and give you access to a low interest rate. If this program is appropriate to your situation and you're going to work with a Section 184 home lender, do these things. 

Make Sure Lender Specializes in Section 184 Program

Section 184 home loan programs work a little bit differently than other lending programs and as such, you want to make sure the lender you work with has specialty experience with this special type of loan. Then the services you gain access to will be more applicable and help you avoid all kinds of stressful roadblocks. 

A lender that handles Section 184 loan programs a lot will know if you qualify right away and can move you through this process a lot faster, which is key if you want to get into a particular home as soon as possible. 

Establish a Stable Form of Communication

In order to keep important details from falling through the cracks throughout the Section 184 home loan lending process, it's paramount that you establish a stable form of communication with your particular lender.

Ample communication will take place throughout this lending process, such as explaining financial information, showing proof of funds, and sending in relevant documents every couple of days. A stable form of communication — such as a valid email address or maybe a messenger program — can help you communicate conveniently and in a way that doesn't cause mistakes. 

Follow Their Instructions Carefully

Even though a Section 184 home lending program is different than traditional lending programs because it's reserved for those who are Native American, working with a lender is still the same in that you have to follow their instructions carefully.

There will be steps they want you to take, such as getting in proof of monthly income or uploading personal information that is needed to verify your identity. If you follow their instructions every step of the way in this lending process, you will be better prepared to take on the task of purchasing a home. 

A Section 184 lending program may be perfect if you're an active tribal member and want assistance with funding a home mortgage. If you're particular about the things you do with a Section 184 lender, you will enjoy this process more. Contact a Section 184 home loan lender for more information.