Downpayment Assistance Programs
Dreaming of buying a home but worried about the downpayment? We’ve got you covered. Steve is one of the few REALTORS® in Shawnee who’s an OHFA Homebuyer Downpayment Assistance Blue Ribbon REALTOR®. By completing the Homebuyer Downpayment Assistance training through OHFA Steve is REALTOR® certified by the agency to work with homebuyers seeking assistance.
Why Choose OHFA?
The Oklahoma Housing Finance Agency (OHFA) offers incredible support, providing 3.5% or 5% toward your downpayment—even for new construction! The best part? It’s a gift. No repayment is required.
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!
Who Can Benefit?
While some believe these grants are only for first-time homebuyers, there are programs available for those who are not. Here’s what you need to know:
- Loan Type: All loans are limited to 30-year fixed-rate mortgages.
- Credit Score: A minimum credit score of 640 is required.
- Income Limits: Maximum household income varies by county and family size. Approved lenders will help determine if you qualify.
Getting Started
Contact me to connect with an OHFA-approved lender who will determine your eligibility. Our dedicated loan officers will guide you through the simple qualification process. You might even qualify for an additional $1,500 or $2,500 for closing costs!
Ready to take the next step? Visit the Real Estate Resources page on SoldonShawnee.com or search OHFA’s list of approved lenders to start your journey today.
