See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated May 5, 2026
Homebuyer Programs in Oklahoma City, OK (2026)
Oklahoma City is the capital and largest city of Oklahoma, with a 2026 median sale price near $265,000 according to Redfin. First-time buyers in OKC have access to one of the strongest local stacks in the state: the City of Oklahoma City First-Time Homebuyers Program offers up to $18,000 in deferred forgivable down payment and closing cost assistance plus a separate $5,000 to buy down the interest rate. That layers on top of statewide options like the OHFA Homebuyer Down Payment Assistance program (3.5% of the loan amount), the OHFA Dream Program (3.5% as a true grant), and REI Gift100 (3.5%-5% as a non-repayable gift). Educators can use OHFA 4Teachers and first responders qualify for OHFA SHIELD for reduced rates plus DPA. Combined with federal FHA, VA, and USDA loans, Oklahoma City buyers can often cover most or all of their down payment and closing costs through stacked programs.
City Programs in Oklahoma City
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| City of Oklahoma City First-Time Homebuyers Program | Forgivable Loan | Up to $18,000 plus an additional $5,000 to buy down the interest rate | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $18,000 plus an additional $5,000 to buy down the interest rate
- First-time only:
- Yes
State Programs in Oklahoma
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| OHFA 4Teachers Program (Oklahoma) | Grant | 3.5% of total loan amount plus reduced interest rate | Yes | View → |
| OHFA Dream Program (Oklahoma) | Grant | 3.5% of total loan amount | No | View → |
| OHFA Homebuyer Down Payment Assistance (Oklahoma) | Silent Second Mortgage | 3.5% of total loan amount | No | View → |
| OHFA SHIELD Program (Oklahoma) | Grant | 3.5% of total loan amount plus reduced interest rate | No | View → |
| REI Gift100 / Home100 Down Payment Assistance | Grant | 3.5% to 5% of the first mortgage amount | No | View → |
- Type:
- Grant
- Amount:
- 3.5% of total loan amount plus reduced interest rate
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- 3.5% of total loan amount
- First-time only:
- No
- Type:
- Silent Second Mortgage
- Amount:
- 3.5% of total loan amount
- First-time only:
- No
- Type:
- Grant
- Amount:
- 3.5% of total loan amount plus reduced interest rate
- First-time only:
- No
- Type:
- Grant
- Amount:
- 3.5% to 5% of the first mortgage amount
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- 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
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- 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
- 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
- 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
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- 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
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Central Oklahoma Habitat for Humanity Homeownership Program | Forgivable Loan | Affordable home with no down payment and no closing costs; affordable mortgage payment | No | View → |
| Neighborhood Housing Services Oklahoma Down Payment Assistance | Forgivable Loan | Varies by qualifying program; typically combined with City of OKC HOME funds | No | View → |
| NHS Oklahoma HomePath First-Time Buyer Program (with WEOKIE FCU) | Grant | Up to $7,500 grant toward closing costs | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Affordable home with no down payment and no closing costs; affordable mortgage payment
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Varies by qualifying program; typically combined with City of OKC HOME funds
- First-time only:
- No
- Type:
- Grant
- Amount:
- Up to $7,500 grant toward closing costs
- First-time only:
- Yes
How to Apply
Check your eligibility. The City of Oklahoma City program requires household income at or below 80% of area median income (AMI) for your household size, and you must be a first-time homebuyer. OHFA programs allow incomes up to $150,000 on the Government track and require a 640 credit score minimum.
Complete a HUD-approved homebuyer education course. Neighborhood Housing Services Oklahoma (NHS Oklahoma) is a HUD Certified Homeownership Center and offers in-person and online courses. Reach NHS Oklahoma at (405) 231-4663. The Community Action Agency of Oklahoma City also offers HUD-approved workshops and can be reached at (405) 232-0199.
Contact the Community Action Agency of Oklahoma City. CAA administers the City of Oklahoma City HOME-funded DPA program. Call (405) 232-0199 to schedule an intake and confirm current funding availability.
Get pre-approved with an OHFA-approved or REI-approved lender. OHFA and REI down payment assistance must flow through participating lenders, who package the assistance with your first mortgage (FHA, VA, USDA-RD, or conventional 30-year fixed).
Find a home within program purchase price limits. The City of Oklahoma City program currently caps purchase prices at $147,000 for existing homes and $238,000 for new construction. OHFA Government track caps at $356,362 statewide.
Submit your full application package. Plan on 30 to 60 days from offer to close. The buyer must contribute 1% to 1.75% of the purchase price from their own funds for the City program.
Close on your home and meet the occupancy requirement. The City of Oklahoma City DPA is forgiven after you live in the home as your primary residence for 10 years.