Programs For Oklahoma Home Buyers
First time home buyers in Oklahoma have many options available to them for help in purchasing their first residence. The Oklahoma Housing Finance Agency (OHFA) provides some very lavish programs for Oklahoma residents seeking to purchase their first home.
Here are some highlights:
It’s a great time to buy a home in Oklahoma! OHFA is here to help Oklahomans achieve their dreams of homeownership.
Designed for low-to-moderate income individuals and families, OHFA Advantage offers home loans through participating lenders all across Oklahoma.
Key features of an OHFA Advantage loan:
- 3.5% down payment grant assistance
- 5.0% down payment grant assistance
- 30-year, fixed rate mortgages
- Available statewide
- May be used for an existing or a new home
- Requires minimum credit score of 640
OHFA Advantage Products
- OHFA Dream
- OHFA Gold
- OHFA 4 Teachers
- OHFA Shield
- OHFA MCC (Mortgage Credit Certificate)
- Compare All Products
How to Qualify
To qualify for a product, homebuyers must contact an approved
lender, meet total gross household income, purchase price and credit score guidelines.
Call the Homebuyer Hotline at 1-888-937-1122
For complete details on these programs, including contact information and instructions on how to apply, please visit this OHFA web page.
More Oklahoma First Time Buyer Programs
In addition to the above homebuyer programs offered by OHFA, there are local housing agencies in various towns, cities and counties throughout the state that provide financial assistance to 1st time property buyers as well. To determine your eligibility for any near you, please visit local first time home buyer programs in Oklahoma.