Oklahoma OHFA Homebuyer Down Payment Assistance
Oklahoma Housing Finance Agency offers OHFA Homebuyer Down Payment Assistance to home buyers in Oklahoma: up to 3.5% of the home loan, as a deferred loan.
- Amount
- Up to 3.5% of the home loan
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Credit score
- 640 or higher
How is Oklahoma OHFA Homebuyer Down Payment Assistance paid back?
Deferred loan: 0% second loan with no monthly payments. You repay it when you sell, refinance, move out, pay off your home loan or the loan term ends.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Oklahoma OHFA Homebuyer Down Payment Assistance?
- Varies by loan, county and family size, for example $150,000 a year.
- You don't have to be a first-time buyer.
- A credit score of 640 or higher.
- It comes with an OHFA 30-year fixed-rate FHA, HUD-184, USDA-RD, VA, or conventional loan from an OHFA lending partner.
- Price limit: varies by product, county, and family size.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Oklahoma OHFA Homebuyer Down Payment Assistance
- Oklahoma Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Oklahoma Housing Finance Agency's page for OHFA Homebuyer Down Payment Assistance, or pick a lender from the agency's list of 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.
Rather not call? Send your details and the lender will reach you.
More help for buyers in Oklahoma
All Oklahoma first-time home buyer programs · Down payment assistance in every state