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By Tyler Thompson · Licensed Real Estate Agent · Updated May 5, 2026

Homebuyer Programs in Broken Arrow, OK (2026)

Population: 118,180 | Median home price: $283,000 | Est. closing costs: $5,500 - $8,500

Skyline of Broken Arrow, OK

Broken Arrow is Oklahoma's fourth-largest city, located primarily in Tulsa County, with a 2026 median sale price near $283,000 according to Redfin. While Broken Arrow does not currently run a city-specific down payment assistance program, buyers here can take advantage of the Tulsa County First Home Program, which provides 3.5% forgivable DPA paired with a below-market 30-year fixed mortgage. Statewide options also stack here: OHFA's 3.5% DPA, the OHFA Dream grant, and REI Gift100 (3.5%-5% gift) all apply. Educators and first responders qualify for OHFA 4Teachers and OHFA SHIELD reduced-rate products. Green Country Habitat for Humanity also serves the broader Tulsa region for buyers below 80% AMI. Combined with federal FHA, VA, and USDA loans, eligible Broken Arrow buyers can often cover their down payment and most closing costs through stacked programs.

County Programs in Tulsa County

Tulsa County First Home Program (TCHFA)
Type:
Forgivable Loan
Amount:
3.5% of total mortgage amount (averages about $9,000)
First-time only:
Yes

State Programs in Oklahoma

OHFA 4Teachers Program (Oklahoma)
Type:
Grant
Amount:
3.5% of total loan amount plus reduced interest rate
First-time only:
Yes
OHFA Dream Program (Oklahoma)
Type:
Grant
Amount:
3.5% of total loan amount
First-time only:
No
OHFA Homebuyer Down Payment Assistance (Oklahoma)
Type:
Silent Second Mortgage
Amount:
3.5% of total loan amount
First-time only:
No
OHFA SHIELD Program (Oklahoma)
Type:
Grant
Amount:
3.5% of total loan amount plus reduced interest rate
First-time only:
No
REI Gift100 / Home100 Down Payment Assistance
Type:
Grant
Amount:
3.5% to 5% of the first mortgage amount
First-time only:
No

Federal Programs

FHA Loans
Type:
Government-Insured Mortgage
Amount:
Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
First-time only:
No
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
Type:
Government-Guaranteed Mortgage
Amount:
Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:
No
HomeReady Mortgage (Fannie Mae)
Type:
Government-Guaranteed Mortgage
Amount:
Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:
No
HUD $100 Down Program
Type:
FHA-Financed HUD REO Purchase
Amount:
Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
First-time only:
No
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
Type:
Government-Guaranteed Mortgage
Amount:
No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
First-time only:
No

Nonprofit Programs

Green Country Habitat for Humanity Homeownership Program
Type:
Forgivable Loan
Amount:
Affordable home with no down payment, no closing costs, and no required PMI; mortgage payment capped at 30% of gross income
First-time only:
Yes

How to Apply

Step 1:

Check your eligibility. The Tulsa County First Home Program requires a 620 minimum credit score and first-time buyer status (with veteran and qualifying-census-tract exceptions). OHFA programs require a 640 minimum credit score.

Step 2:

Complete a HUD-approved homebuyer education course. NHS Oklahoma at (405) 231-4663 is a HUD Certified Homeownership Center and offers in-person and online courses. Most OHFA-approved lenders can also direct you to acceptable courses.

Step 3:

Get pre-approved with a Tulsa County First Home Program-approved lender. The list of 12+ approved lenders is at myfirsttulsacountyhome.com/buyers.

Step 4:

Apply through your participating lender. They will package the Tulsa County First Home DPA with your 30-year fixed first mortgage.

Step 5:

For additional layered assistance, ask your lender about pairing OHFA Dream (3.5% grant) or REI Gift100 (3.5% to 5% gift) on top of the County program.

Step 6:

Find a home in Broken Arrow within the program's loan limits.

Step 7:

Close on your home and remain owner-occupant for at least 5 years for the Tulsa County DPA to fully forgive.

Frequently Asked Questions

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