HUD Native American Loan Programs

On Mar. 19, HUD letter to inform lenders of loan program changes.

  • HUD issued Lender letter 2024-03 to inform certain lenders of upcoming changes.
  • Upcoming release of the 2nd component of Native advantage, loan origination module.
  • Changes to Office of Native American Programs (ONAP) business process re release.
  • Letter Details
  • Letter is for lenders participating in the Section 184, Indian housing loan guarantee program, and the Section 184A Native Hawaiian housing loan guarantee program.
  • Direct guarantee (DG) lenders will be able to request case numbers through existing Section 184/184A processes; non-DG Lenders will be required to submit requests.
  • Case number requests will need to be submitted to their approved DG lender/sponsor.
  • DG lender/sponsor to send request to HUD on behalf of non-DG Lender, return number.
  • Those with sponsorship agreement with an existing non-DG lender must inform HUD in writing of the relationship for the Non-DG Lender they are sponsoring, by May 1, 2024.
  • Effectiveness
  • Changes to the business process will be effective on May 1, 2024.

Regulators HUD
Entity Types Bank; MG Orig; Servicer
Reference Lt 2024-03, 3/19/2024;
Functions Compliance; Financial; Legal; Operations
Countries United States of America
Products Banking; Loan; Mortgage
Regions Am
Rule Type Final
Rule Date 3/19/2024
Effective Date 5/1/2024
Rule Id 205464
Linked to N/A
Reg. Last Update 3/19/2024
Report Section US Consumer

Last substantive update on 03/24/2024