source:
  type: guide
  id: fnma-sel-b6-1-04
  authority: Fannie Mae Selling Guide B6-1-04 — Eligible HUD-Guaranteed Section 184
    Mortgages
  description: Fannie Mae Selling Guide B6-1-04 — Eligible HUD-Guaranteed Section
    184 Mortgages.
  coverage_tier: operative
obligations:
- id: fnma-sel-b6-1-04-full
  canonical_id: fnma-sel-b6-1-04-full
  section: Fannie Mae Selling Guide B6-1-04 — Eligible HUD-Guaranteed Section 184
    Mortgages
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B6-1-04 — Eligible HUD-Guaranteed Section
      184 Mortgages
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B6-1-04, Eligible HUD-Guaranteed Section 184 Mortgages (12/14/2022)
      Introduction This topic contains information on HUD-guaranteed Section 184 Indian
      Home Loan Guarantee Program mortgages (including Section 184A Native Hawaiian
      Housing Loan Guarantee Program mortgage loans), including: Overview HUD Section
      184 Combination Construction/Permanent Mortgages Delivery of HUD-Guaranteed
      Section 184 Mortgages Overview Any approved Fannie Mae lender may deliver HUD-guaranteed
      Section 184 mortgages to Fannie Mae provided the lender obtains the required
      HUD loan guarantee. Fannie Mae will purchase or securitize HUD-guaranteed Section
      184 mortgages under the following conditions: The HUD Section 184 mortgage must
      comply with HUD requirements. The loan must be secured by one- to four-unit
      properties located on individual lots or in a condo, cooperative, or PUD project.
      HUD Section 184 mortgages may be secured by a manufactured home if it meets
      HUD''s requirements. The mortgage transaction may be a purchase or a reﬁnance
      transaction. HUD Section 184 mortgages that are subject to an interest rate
      buydown plan are not permitted. HUD Section 184 Combination Construction/Permanent
      Mortgages Lenders must adhere to HUD’s requirements concerning combination construction/permanent
      HUD 184 mortgages. These are limited to whole loan deliveries only. Fannie Mae
      will not purchase a HUD-guaranteed Section 184 mortgage that includes as part
      of the collateral, personal property, cash, notes, an interest in securities,
      royalties, annuities, and any other property that is transferable and for which
      a present value may be determined. However, the construction escrow account
      that is required when these mortgages are closed as combination construction/permanent
      mortgages, as well as any partially completed improvements, must be part of
      the collateral. Delivery of HUD-Guaranteed Section 184 Mortgages Published May
      6, 2026 827 Lenders must report SFC 202 when selling HUD Section 184 (and 184A)
      loans to Fannie Mae. Section 184 loans are assumable as of the note date. When
      selling such loans to Fannie Mae, the Assumption Indicator in the Loan Delivery
      application must be "True" (which means assumable). Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SEL-2022-10 December
      14, 2022'
  judgment: false
