Today I want to do a deep dive on HUD 184 , or the Housing and Urban Development's home loan guarantee program for Native American borrowers! A "home loan guarantee" doesn't mean that you're guaranteed the loan (wouldn't THAT be nice lol!), it means that HUD will guarantee the bank reimbursement if something happens and the lender forecloses. They take the risk from the lender to open more doors and help potential home buyers have more options for mortgages. Other advantages include: - down payment required of only 2.25% is for loans over $50,000 (not the 20% you've been told) - low-interest rates that aren't based on credit score, but on the best market rate - manual underwriting means the lender can have discussions about things like debt to income or credit score rather than yes or no approvals based on what's on paper - lower mortgage insurance than the typical PMI if your down payment is under 20% To qualify for a HUD 184 in Minnesota, you ha