See programs you qualify for

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

Homebuyer Programs in Oklahoma City, OK (2026)

Population: 697,125 | Median home price: $265,000 | Est. closing costs: $5,500 - $8,000

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 →

City of Oklahoma City First-Time Homebuyers Program

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 →

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

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 →
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 →

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

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

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 →

Central Oklahoma Habitat for Humanity Homeownership Program

Type:: Forgivable Loan
Amount:: Affordable home with no down payment and no closing costs; affordable mortgage payment
First-time only:: No

Neighborhood Housing Services Oklahoma Down Payment Assistance

Type:: Forgivable Loan
Amount:: Varies by qualifying program; typically combined with City of OKC HOME funds
First-time only:: No

NHS Oklahoma HomePath First-Time Buyer Program (with WEOKIE FCU)

Type:: Grant
Amount:: Up to $7,500 grant toward closing costs
First-time only:: Yes

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16 programs available in Oklahoma City. See which ones you qualify for.

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How to Apply

Step 1: 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.

Step 2: 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.

Step 3: 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.

Step 4: 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).

Step 5: 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.

Step 6: 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.

Step 7: 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.

Frequently Asked Questions

How much down payment assistance can I get in Oklahoma City?+

By stacking the City of Oklahoma City First-Time Homebuyers Program (up to $18,000 plus $5,000 rate buy-down), the OHFA Homebuyer Down Payment Assistance or Dream Program (3.5% of the loan amount), and REI Gift100 (3.5% to 5% of the loan amount), eligible OKC buyers can often combine $20,000 or more in assistance. Educators using OHFA 4Teachers and first responders using OHFA SHIELD also receive reduced interest rates on top of DPA.

Do I have to be a first-time homebuyer?+

The City of Oklahoma City program requires you to be a first-time homebuyer. Most OHFA programs and REI Gift100 do not require first-time buyer status, though OHFA 4Teachers generally targets first-time buyers (defined as not having owned a primary residence in the last 3 years). Federal FHA and VA loans also have no first-time buyer requirement.

What is the maximum home price in Oklahoma City?+

The City of Oklahoma City First-Time Homebuyers Program caps purchase prices at $147,000 for existing homes and $238,000 for new construction. OHFA Government track allows purchases up to $356,362 statewide, and the OHFA conventional track allows up to $453,100. REI Gift100 has no separate purchase price cap beyond the underlying mortgage limits.

What homebuyer education is required?+

Both the City of Oklahoma City program and the OHFA programs require a HUD-approved homebuyer education course. In OKC, Neighborhood Housing Services Oklahoma at (405) 231-4663 and the Community Action Agency of Oklahoma City at (405) 232-0199 are common providers. Most courses run 6 to 8 hours and can be completed online or in person.

Can I combine the City of Oklahoma City program with OHFA or REI assistance?+

Yes. The City of Oklahoma City DPA is designed to be layered on top of a first mortgage, and many buyers combine it with OHFA or REI assistance for additional cushion. Your participating lender will help structure the layering so the programs do not conflict and the DTI ratios stay within the City's 35% front-end and 50% back-end caps.

How long do I have to live in the home?+

The City of Oklahoma City DPA is a 0% interest deferred forgivable loan that fully forgives after 10 years of owner-occupancy. If you sell, refinance into a non-qualifying loan, or stop using the home as your primary residence before 10 years, you may have to repay a prorated portion. OHFA Dream and REI Gift100 have no occupancy or recapture requirements.

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