The Homeownership Program
After completing the Homebuyers Education classes, Housing Partners of Tulsa, Inc. (HPT) may be able to assist first-time homebuyers with a portion of the purchase price up to $5,000, which goes toward the down payment and/or closing costs.
To be eligible for the assistance funds, all applicants must be first-time homebuyers who have not owned a primary residence in the past three years and are required to provide 1% of the purchase amount. Their annual household income must also fall under a set limit (shown below).
Any home purchased with assistance funds must be located within the city limits of Tulsa and serve as the homebuyer’s primary residence. The property must be able to pass HOME/COT Code Inspection and a Lead-based Paint Inspection if applicable, and fall within the following purchase price limits.
For existing homes:
For new constructions:
1-person household: $39,050
2-person household: $44,600
3-person household: $50,200
4-person household: $55,750
5-person household: $60,250
6-person household: $64,700
7-person household: $69,150
8-person household: $73,600
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.
First-Time Homebuyer Programs in Oklahoma
Oklahoma's Homeownership Program is a homebuyer education course designed to help first-time homebuyers better navigate the mortgage process.
First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
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