Oklahoma County Home Finance Authority

Oklahoma County Home Finance Authority – Turnkey Mortgage Origination Program 

Note – for details, see the Administrator’s Guidelines under the GUIDELINES Tab

  • Program funds are available first-come, first-served from a continuously funded revolving pool.
  • RESERVATIONS LOCKS are available on business days between 9 am & 7 pm (10 am-8 pm EDT);
  • All other functions available 24/7
  • Oklahoma County including Oklahoma City

  • Reservation to UW Certification: 15 days
  • Reservation to Closed AND Delivered:  45 days
  • Reservation to Loan Purchase:  70 days
  • No First-Time buyer requirement
  • Must be Principal Residence
  • Must occupy within 60 days of closing
  • Conventional – Freddie Mac HFA Advantage 
  • Government – FHA, VA, USDA-RD
  • Non repayable grant
  • Multiple DPA options – see Rates/Offerings Tab for details
  • AIS Subsidy – see the Guidelines for details
  • Household income = 1003 Credit Qualifying Income (not co-signor’s)
  • Maximum Income Limit = $94,220
  • $275,665
  • The Authority recommends but it is not required.
  • FICO – Mid score – see guidelines
  • DTI – Max DTI ratio is 45%
  • Permitted for FHA loans, use FHA guidelines
  • May NOT have a ownership interest
  • May NOT reside in the residence
  • Online, once logged in to eHP system. 
  • Issues the First Mortgage Program and Down Payment Assistance Program
  • Sets the rate, term, points and DPA options
  • Lender relationships
  • Markets the Program
  • Take application for the program
  • Reserves first mortgage in eHousingPlus system
  • Responsible meeting Time Lines
  • Process, Underwriter, Certify, Fund, Close and Sell qualified loans to the Program Master Servicer, Responsible for servicing loans in accordance with Agency requirements until loan is purchased by the Master Servicer
  • Provides information and training concerning the mortgage loan file, acceptable loan products, delivery and funding, reviews/purchases the mortgage file
  • Servicer Lender Guides, Click here
  • Contact US Bank Lender Help Desk, Click here.
  • To request a one-time 30-day extension, click here.
  • Extensions are not granted to extend the 15 days from Reservation to UW Certification

Current Rate/Offerings Reservation/locks – AVAILABLE from 9:00am-7:00pm Central (10-8 EDT excluding weekends & holidays) 

Rate/Offerings FICO Lock Rate DPA Effective Date
USDA-RD or VA 640 N/A w/5% 2/27
FHA 660 660 w/5%
FHA 660 w/manual underwrite 660  w/4%
FHA 640 640-659 w/4%
FHA 640 w/manual underwrite 640-659  w/3%
USDA-RD or VA 640 5.500% w/3.5% 6/4
FHA 660 660 w/3.5%
FHA 660 w/manual underwrite 660  w/2.5%
FHA 640 640-659 w/2.5%
FHA 640 w/manual underwrite 640-659  w/1.5%
HFA Advantage   640 6.250% w/5% 5/15
5.750% w/3.5% 4/23


  • All Loans are Assisted Rate Loans
  • 30 Year, Fixed Rate, Amortized
  • Non repayable grant 
  • based on the final loan amount
  • funds requested prior to closing
  • manufactured homes not allowed 
  • manual UW allowed on FHA loans 
eHousingPlus is the Program Administrator, and provides some of the following services:
        Administrator Guidelines    Administrator's Guidelines

  • Provides the web-based program loan reservation and management system, Administrator’s Guidelines, Program forms, Lender Program and System Training, Notices and updates to Lenders, Compliance Support to Lenders, Reviews Compliance Files, Timelines, Works with the Agency and Master Servicer on Program Goals.
  • Need help, Click here

The Following Lenders have been approved to originate loans in this Program:

The following is a list of Approved Lenders

  • 1st Capital Mortgage
  • Academy Mortgage Corporation
  • AmeriFirst Financial Corporation
  • Associated Mortgage Corporation
  • BancFirst
  • Bank of Commerce
  • Bay Equity, LLC.
  • BOKF, N.A. d/b/a Bank of Oklahoma Mortgage
  • Certainty Home Loans (WR Starkey Mortgage)
  • Citywide Mortgage
  • Columbus Capital Lending
  • DHI Mortgage
  • Everett Financial, Inc. dba Supreme Lending
  • Fairway Independent Mortgage Corp
  • First American Mortgage
  • First Commercial Bank
  • First Mortgage Company
  • Gateway Mortgage Group
  • Georgetown Mortgage
  • Great Plains National Bank
  • Interbank
  • Kirkpatrick Bank
  • Leader Mortgage Corporation
  • MidFirst Bank
  • Pacific Union Financial, LLC
  • Primary Residential Mortgage, Inc.
  • Prime Lending, a Plains Capital Company
  • PrimeSource Mortgage Inc.
  • Prosperity Bank (formerly F&M Bank)
  • Spirit Bank
  • Stonegate Mortgage Corporation
  • SWBC Mortgage Corporation
  • The First State Bank
  • US Mortgage Corporation

Interested in becoming a participating lender? Contact us.

Program Updates
  • 4/23-AIS Freddie Mac subsidy is revised to flat amount (80% AMI is $1,500) – for details, please see the administrator’s guidelines.
  • 12/15 – AIS Subsidy
  • 12/1 – Updated  Income & Acquisition Limits
  • 2/1- Program will offer manual underwrite on FHA products.  see guidelines.
  • 12/1- MANUFACTURED HOMES are eliminated
    12/1 – FHA – no manual underwriting
  • 11/2 Program updates to include Freddie Mac HFA Advantage and two levels of Down Payment Assistance,  3.5% and 5%
  • 10/1  Acquisition limits increase & Household income is defined as credit qualifying income – see guidelines for details
  • 6/9-Updated guidelines – servicer fee
  • 4/15 – Income limits change to 85,960
  • 10/15 – Guidelines updated
  • 7/1/2013 – Mortgagee Letter 2013-14
    Program Reservations/Locks are open from 8am to 6pm, Business days.
  • 5/13- In anticipation of the upcoming Memorial Day Holiday and month-end closings, we wanted to make you aware of important deadlines for ordering DPA Funds for the Oklahoma County HFA Turnkey Mortgage Loan Program during this period. DPA Wire Requests will not be processed OR wired for closing on Monday, May 27th due to the Memorial Day Holiday.  If you have a closing scheduled for 5/28 or 5/29 it is critical that funds are requested in a timely manner.  Urgent requests for funds and same day requests cannot be accommodated. Please plan accordingly.
  • 3/11 – Rate Increases from 3.75% to  3.875%.2/1


Programs  short link is  http://ehousingpl.us/ochfa

1 – Updated DPA Funds Request Form and Guidelines


Rate/Offering     DPA     Lock Rate   Eff. Date 
Government (FHA,VA,USDA)  3.5% 4.625%  11/23
5% 5.00%  11/4
Freddie Mac HFA Advantage  3.5% 5.00%  11/6
 5% 5.25%  11/5

14 – Program Start date.


EhousingPlus University    

  1. eHP Lender Program Training
    • Required for everyone participating in the program
    • offered 24/7
    • Click here to attend Program training
  2. eHP System Training*
    • After you complete the online Lender Program Training, information is provided as to what happens next.
    • Click here to register for system training


Should you have any questions on training, please contact trainer@ehousing.cc

To read more about eHP Program Training, click here.

* System Training is required at least once, so that users gain the knowledge necessary to originate and manage their loans on-line. eHP University provides additional opportunities to re-train and/or refresh your system knowledge. Recurring (experienced) system users do not need to attend system training.