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Oklahoma OHFA Homebuyer Down Payment Assistance

Oklahoma Housing Finance Agency offers OHFA Homebuyer Down Payment Assistance to home buyers in Oklahoma: as much as 3.5% of the home loan amount, as a deferred loan.

Amount
As much as 3.5% of the home loan amount
Type of help
Loan with deferred repayment
Limited to first-time buyers
No
Your credit score
At least 640

This help is a deferred 0% second loan, and you make no monthly payments on it. It comes due when you sell, refinance, move out, finish paying your home loan or reach the end of the loan term.

You pay nothing each month on a deferred loan. Once you sell, refinance or finish paying the first mortgage, the full amount comes due.

Who qualifies for Oklahoma OHFA Homebuyer Down Payment Assistance?

  • Family size, county and loan type set it, with $150,000 a year as one example.
  • Being a first-time buyer isn't required.
  • You'll need a credit score of 640 or more.
  • An OHFA lending partner offers it together with a fixed-rate OHFA 30-year loan, which can be FHA, HUD-184, USDA-RD, VA or conventional.
  • Product, county and family size set the price limit.

Your county and household size determine most limits. Use our HUD income limits tool to see the median income for your area and where your household falls.

How to apply for Oklahoma OHFA Homebuyer Down Payment Assistance

  1. Because the Oklahoma Housing Finance Agency pays this help through approved lenders, you apply with one of them as part of your home loan application.
  2. The lender looks at your credit, income and the home under the program's rules, then sets your money aside.
  3. This help is paid at closing and goes toward your closing costs and down payment.

Find the full rules and see if applications are open on Oklahoma Housing Finance Agency's page for OHFA Homebuyer Down Payment Assistance, or pick one of the agency's participating lenders.

Ask a lender about Oklahoma OHFA Homebuyer Down Payment Assistance

Tell us where you're buying and a lender that works with Oklahoma's programs can tell you whether Oklahoma OHFA Homebuyer Down Payment Assistance fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? The lender will reach you once you send your details.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

Other help for Oklahoma buyers

All first-time buyer programs in Oklahoma · Down payment help in every state