To help residents gain access to safe and affordable housing, The Oklahoma Housing Finance Agency (OHFA) provides down payment assistance.<br />

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Oklahoma Housing Finance Agency Down Payment Assistance

Financial Assistance for Homebuyers in Oklahoma

To help residents gain access to safe and affordable housing, The Oklahoma Housing Finance Agency (OHFA) provides down payment assistance

Available Assistance 
The OHFA Homebuyer Down Payment Assistance program helps make buying a home possible. OHFA offers 3.5% down payment assistance of the total loan amount toward your home purchase, requiring less money at closing. Assistance can only be applied to 30-year fixed-rate mortgage loans. Eligible loan types include FHA, USDA-RD, VA, or Conventional. Purchase price and income limits vary based on the selected product 

Eligibility Requirements 
  • Applicants must be U.S. residents. 
  • Applicants must be purchasing a home in Oklahoma. 
  • The home will be used as the applicant’s primary residence and must be occupied within 60 days of closing. 
  • Maximum household income requirements vary by family size and home location. 
  • Applicant must have a middle credit score of 640 or greater. 

 
*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but State and local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price, and income limits.  

Note: All figures mentioned above were accurate at the time of publication and may no longer be current. Visit the program website for updated information 

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Down payment 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.

Down Payment Grants in Oklahoma

To help eligible applicants offset the upfront costs of buying a home, Oklahoma City offers the City Down Payment Assistance program.

The Homebuyer Assistance programs provide down payment and closing cost assistance (DPA) to income-eligible individuals and families.

To help residents gain access to safe and affordable housing, The Oklahoma Housing Finance Agency (OHFA) provides down payment assistance.

The REI Down Payment Assistance program provides qualifying homebuyers with closing cost and down payment assistance. This program is designed for low income borrowers who are able to make monthly mortgage payments, but don’t have enough funds saved up for a down payment. 

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