Top 10 HUD Section 184 Lenders for Home Purchase Loans: 2025 YTD

This chart ranks the top 10 lenders by volume of HUD Section 184 home purchase loans for 2025 year-to-date, based on data from Polygon Research’s MBS Pivot tool. The Section 184 program serves Native American borrowers, and the lender distribution reveals a highly concentrated market. The top lender shows a notably higher count of purchase loans than others, followed by a steep drop-off among ranks 4 through 10. This pattern suggests that a few institutions have either specialized operational capabilities or stronger relationships within tribal and Native communities, enabling them to scale their outreach and loan fulfillment.

For stakeholders, this ranking serves multiple purposes. Competitors can benchmark their performance and identify partnership opportunities. Policymakers and housing advocates can also assess whether access to HUD 184 financing is broad-based or narrowly distributed. Furthermore, potential entrants might study the operating models of top lenders to reduce barriers in reaching underserved borrowers in tribal jurisdictions.

This data can inform lender expansion strategies, government efforts to diversify participation, and housing counseling programs aiming to connect borrowers to more options.