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Get Matched Free →City of Moore CDBG-DR Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $40,000 toward down payment and closing costs
5-year forgivable loan, forgiven 1/5 each year of owner-occupancy. Home must serve as the primary residence for the full loan term.
Eligibility
- Income limits: Household income must be between 50% and 80% of Cleveland County area median income (AMI).
- First-time buyer required: No
- Geographic restrictions: Property must be located in the City of Moore tornado-impacted area as defined by the Disaster Relief Appropriations Act funding.
- Homebuyer education required: Yes
How to Apply for City of Moore CDBG-DR Down Payment Assistance Program
Apply through Neighborhood Housing Services Oklahoma at (405) 231-4663. Loan counseling is required. Buyer must contribute 1% of the purchase price, have 3 months of mortgage payments in the bank at closing, and DTI must be no more than 42%.
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