Click To View Links

Need a Real Estate Coach?

First Time Home Buyer Grants

Hunting for Oklahoma first time home buyer grants to purchase that home?  Find the best grants for home buying in Oklahoma and other home mortgage grants available below.

Are you considering the purchase of a house in Oklahoma? Good for you.Purchasing a home in any state is a step in the right direction. Why do I say that? It shows you want to establish yourself and that's a good thing.

Before you obtain a grant and apply for a mortgage, you really need to understand how your credit profile looks.

You want to know your credit score and determine if you need credit repair before proceeding.

Unfortunately, without a minimum credit score of 640, you'll not qualify for these low down payment programs. The FHA 203b loan works well with the various grant options. The higher your credit score is the lower your interest rate.

With so many lenders to choose from, you want to be sure and select the right one.

But it can be unsettling because of the big financial commitment! However, don't let yourself become overwhelmed with the process.

It is my plan to give you some useful information that will help in this exciting enterprise.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

oklahoma first time home buyer grants

Grants for Home Buying in Oklahoma

To begin with, the State of Oklahoma does offer an Oklahoma first time home buyer grant program for its residents. This is good news because not all states are able to offer assistance to first time home buyers.

The state agency which maintains Oklahoma's first time home buyer grant program is the Oklahoma Housing Finance Agency. Oklahoma offers one type of grant. This grant is called "Down Payment Assistance (DPA)." It works well with the various OFHA Advantage Programs.

One of those programs is called the "OFHA Dream Program." The down payment assistance can be 3.5% or 5.0%. There are limitations and stipulations you must meet to qualify.

There is also the "OFHA Gold Program." It too has a down payment assistance grant of 3.5% associated with it.

More programs that have assistance grants with them is the "OFHA Shield Program" and the "OFHA 4Teachers Program." These programs are limited to those who are firefighters or police officers (OFHA Shield) and teachers (OFHA 4Teachers). 

Another awesome program you will want to look into is the "OFHA MCC Program." This program provides a tax credit for those who qualify. It is a beautiful tax savings used on your tax return. Whenever you can have more money in your pocket it is worth checking out!

There are requirements you must meet to qualify and some limitations for any of these programs. So do your homework.

Another point to remember, if you are a previous home owner and haven't owned one in three years, you are considered a first time home buyer again!! So these programs are available to you as well.

You should visit this website to determine your eligibility.

Federal Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in Oklahoma. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Additional Home Buying Grants

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Any assistance program you look at will need you to find a lender to work with it. Unfortunately, that can be a difficult task. Most likely you will be using the FHA loan product. Why do I say that? It's because they have the most flexibility with how you pay your down payment and closing costs.

Oklahoma First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Oklahoma First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!

Happy House Hunting!!

Leave Oklahoma First Time Home Buyer Grants and return to First Time Home Buyer Grants State Lists main page.

Go to House Buyer Solutions Home Page.

Recent Articles

  1. Other Mortgage Down Payment Assistance - Money Gifts

    Aug 07, 18 03:02 PM

    Mortgage down payment assistance in the way of money gifts can be used. Find the best information on how to use these gifts for your mortgage.

    Read More

  2. Money For Down Payment

    Aug 07, 18 03:01 PM

    Need money for down payment? Find the coolest ideas for loan assistance to get you that important mortgage down payment here!

    Read More

  3. Best FHA Home Loans | Free FHA Mortgage Information Found Here

    Aug 01, 18 07:54 AM

    Looking for the best FHA home loans? Click here now, discover how to pick the FHA mortgage that fits your personal situation best.

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans

Follow Us On Twitter

follow me on twitter