With Section 184 financing you can get into a home with a low down payment, very low mortgage insurance, and flexible underwriting. If you are a potential home buyer, and meet the requirements, Section 184 is one of the most economical loan programs available, thanks to the low down payment requirement of 2.25% for loans over $50,000. Also, there is a very low monthly mortgage insurance premium, potentially saving you hundreds of dollars per month over other loan types. A one-time, 1.5% loan guarantee fee is added to your final loan amount. One key feature of the program is that the property being financed must be owner occupied. Investment properties and land only transactions are not allowed.