No Monthly Mortgage Insurance
More Home. More Savings. Every Month.
One of the biggest benefits of an FHA Section 184 loan is that it does not require monthly mortgage insurance (MI). That means lower monthly payments and more room in your budget for what matters most.
Conventional Loan
With Monthly MIFHA 184 Loan
No Monthly MIKeep More Money in Your Pocket
Save an estimated
Estimates only. Principal & interest assume the same rate on both loans; conventional mortgage insurance is estimated from the loan-to-value ratio and varies with credit score, program, and insurer. Taxes, homeowners insurance, HOA dues, and the FHA 184 upfront guarantee fee are not included.
Benefits of No Monthly MI
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Lower Monthly Payments
No MI means a lower mortgage payment, giving you more financial flexibility.
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Build Equity Faster
More of your payment goes toward your principal, not mortgage insurance.
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Long-Term Savings
Keep thousands of dollars in your pocket over the life of your loan.
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One Less Expense
No monthly MI is one less bill to worry about — today and tomorrow.
A Loan Program Built for You
The FHA Section 184 loan was designed to support Native American and Alaska Native families with affordable homeownership options that make a real difference.
Backed by HUD. Focused on You.
Every Section 184 loan is backed by the U.S. Department of Housing and Urban Development — giving you confidence in a program designed specifically to support Native American and Alaska Native homebuyers.
Let's Put More Money Back in Your Budget
With no monthly mortgage insurance, an FHA Section 184 loan can help you achieve homeownership with lower payments and long-term savings. LoanCity Mortgage can show you how much you may save.