Down payment assistance

Down payment assistance in Oklahoma

1 program can help buyers in Oklahoma with a down payment and closing costs. Most are for first-time buyers with moderate incomes and are used with a participating lender.

Check which programs fit your situationDown payment assistance finder

OHFA Homebuyer Down Payment and/or Closing Cost Assistance

Open · Deferred loan

3.5% of the total loan amount

A silent second mortgage with no interest and no monthly payments, paired with an OHFA GOLD or DREAM 30-year fixed first mortgage. OHFA says all of it must be repaid; its FAQ lists refinancing among the triggers. Buyers who don't need assistance can choose a lower first-mortgage rate instead.

Who qualifies: GOLD: first-time homebuyers (waived in targeted areas), income limits by county and household size. DREAM: first-time and repeat buyers; DREAM Government income limit $150,000 statewide, purchase price limit $356,362; DREAM Conventional purchase price limit $453,100 with county income limits. Available statewide for FHA, HUD-184, USDA-RD, VA or conventional loans. Credit score per OHFA product guides.

Oklahoma Housing Finance Agency · Agency website → · Checked 2026-09-30

How assistance usually works

Most programs are a second loan with no monthly payment that is forgiven over time or repaid when you sell or refinance, and some are grants. You usually need a program first mortgage from a participating lender, a homebuyer education course and income under the program’s limit. Apply before you make offers, so your pre-approval reflects the help.

More for Oklahoma

Oklahoma closing costs Oklahoma property taxes Where can I afford to buy in Oklahoma?Down payment timeline

Programs change often; confirm the details with the agency.