# FHA Section 184

Source: https://www.gatewaycorrespondent.com/announcements/fha-section-184-2

• **Section 184 Loan Guarantee Program Fee Increase**. Effective December 1, 2016, the annual loan guarantee fee will increase from .0015 to .0025 percent for Section 184 case numbers issued on or after December 1, 2016.

• **A case number is valid for up to 60 days from issuance.** After 60 days, numbers will be cancelled by HUD without further notice and a lender must send a new request for a case number. The following must accompany the case request form: (a) Tribal enrollment identification card with a copy of the front and back of the card; (b) Executed sales contract for purchase transactions, including a completed MCAW.

•** Revised Section 184 MCAW.** Form 50132, the tab, Amortization and fee schedule, has been changed to reflect the annual fee of .0025.

• **Collections.** All collections must show evidence of payment in full prior to the date of closing. In addition, the applicant must furnish a written letter of explanation and must have otherwise good credit.

You can view the updated information and MCAW on the HUD website here: [Section 184 Indian Home Loan Guarantee Program](https://portal.hud.gov/hudportal/HUD?src=/program_offices/public_indian_housing/ih/homeownership/184)

*Please direct any questions to your Regional Sales Manager*