Would you like to buy a new home but don’t have a lot of money in the bank for a downpayment? We really want to help you achieve the American Dream. Steve is the only REALTOR® in Shawnee who’s an OHFA Homebuyer Downpayment Assistance Certified REALTOR®. By completing the Homebuyer Downpayment Assistance training through OHFA Steve is REALTOR® certified by the agency to work with homebuyers seeking assistance.
OHFA, or the Oklahoma Housing Finance Agency, offers 3.5% or 5% toward the downpayment of your first—or next—home! You can even buy new construction! AND it’s a gift; there’s no repayment of the downpayment expected.
Some people are under the impression these grants are only available to first-time homebuyers, and in some counties or certain programs, that is the case. But there’s a program where you DON’T have to be a first-time homebuyer!
- All loans are limited to 30-year fixed rate mortgages.
- Homebuyers must have a minimum credit score of 640.
- Maximum household income varies by county and family size.
- Approved lenders can determine if your income meets requirements for OHFA Homebuyer Downpayment Assistance. Contact info for approved lenders can be found on the Real Estate Resources page of SoldonShawnee.com.
How do you get started?
Have Steve connect you with one of the OHFA-approved lenders to determine eligibility. Once you have that introduction to one of Steve’s favorite loan officers, they will guide you through the easy qualification process. Ask your lender if your household income qualifies you for an additional $1,500 or $2,500 for closing costs!