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Get Matched Free →OHFA Homebuyer Down Payment Assistance (Oklahoma)
Funding status: Active
How much assistance
3.5% of total loan amount
DPA is structured as a zero-interest deferred second mortgage that becomes due when the home is sold or the first mortgage is refinanced. The Dream variation is a true grant requiring no repayment.
Eligibility
- Income limits: Household income limits vary by program, county, and household size. The Dream Government track caps household income at $150,000 statewide; Dream Freddie Conventional limits vary by county.
- Purchase price limit: $356,362
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Available in all 77 Oklahoma counties. Property must be the borrower's primary residence, occupied within 60 days of closing.
- Homebuyer education required: Yes
How to Apply for OHFA Homebuyer Down Payment Assistance (Oklahoma)
Step 1: Apply through an OHFA-approved participating lender. Borrowers cannot apply directly with OHFA. Assistance can be applied to 30-year fixed FHA, VA, USDA-RD, or conventional first mortgages.
Notes
Includes the Gold and Dream tracks. The $356,362 cap applies to the Government track; conventional track caps at $453,100. Verify current limits with lender or OHFA at 405-419-8207.