Oklahoma Program Highlights

OCHFA DPA

OCHFA DPA | At-A-Glance

AVAILABLE PROGRAMS OCHFA DPA Program
QUESTIONS Questions
ELIGIBLE AREA Oklahoma County, OK
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Turnkey Plus Income Limits
PURCHASE LIMITS New or Existing Properties $544,232 Must include everything paid by the buyer or on the buyer’s behalf.
TIMELINE REQUIREMENTS 60 days from Reservation to Loan Purchase. Underwriter Certification anytime before closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signer is permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
TURNKEY PLUS GRANT PROGRAM GUIDELINES Turnkey Plus Grant Guidelines
PARTICIPATING LENDERS Participating Lenders

OCHFA MCC

OCHFA MCC | At-A-Glance

AVAILABLE PROGRAMS OCHFA MCC Program
QUESTIONS Questions
ELIGIBLE AREA Oklahoma County, OK
ELIGIBLE BORROWER(S) Buyers and their spouses (occupant and non-occupant spouse included a non-purchasing spouse) must be first-time buyers.
LOAN TYPE FHA, VA, and conventional loans acceptable to Fannie and Freddie that are 30 year, fixed-rate market loans. No adjustable rate, balloon, interest only products are permitted. Stated income loans are not permitted.
INCOME & PURCHASE PRICE LIMITS MCC Income and Purchase Price Limits
TIMELINE REQUIREMENTS Underwriter Certified within 15 days of MCC reservation in eHPortal. MCC Compliance File delivered to eHP within 10 days post-closing.
HOMEBUYER EDUCATION MCC Homebuyer Education
CO-SIGNERS Non-occupant co-signer allowable. The co-signer is essentially a loan guarantor only. They cannot take any ownership interest, so they cannot be on Title, Deed or the Mortgage. They will only sign the Note. Non-occupant co-borrowers are prohibited.
MCC PROGRAM GUIDELINES MCC Program Guidelines
PRE-CLOSING FORMS Notices to Buyers and Recapture Tax Brochure
TARGETED AREA MAPS MCC Targeted Area Maps
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings

Oklahoma County, Turnkey PLUS | Rates & Offerings

[Business Days 9:00am - 7:00pm CT]

GOVERNMENT
Offering FICO DPA Lock Rate
FHA, USDA, VA 640 0% 5.250%
FHA, USDA, VA 2% 5.750%
FHA, USDA, VA 3.5% 6.625%
FHA, USDA, VA 5% 7.125%
CONVENTIONAL – HFA Advantage – Freddie Mac 80% AMI
Offering FICO DPA Lock Rate
Freddie Mac 80% AMI 640 0% 5.500%
Freddie Mac 80% AMI 2% 6.000%
Freddie Mac 80% AMI 3.5% 6.500%
Freddie Mac 80% AMI 5% 7.250%

OCHFA DPA

OCHFA DPA | At-A-Glance

AVAILABLE PROGRAMS OCHFA DPA Program
QUESTIONS Questions
ELIGIBLE AREA Oklahoma County, OK
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Turnkey Plus Income Limits
PURCHASE LIMITS New or Existing Properties $544,232 Must include everything paid by the buyer or on the buyer’s behalf.
TIMELINE REQUIREMENTS 60 days from Reservation to Loan Purchase. Underwriter Certification anytime before closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signer is permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
TURNKEY PLUS GRANT PROGRAM GUIDELINES Turnkey Plus Grant Guidelines
PARTICIPATING LENDERS Participating Lenders

OCHFA MCC

OCHFA MCC | At-A-Glance

AVAILABLE PROGRAMS OCHFA MCC Program
QUESTIONS Questions
ELIGIBLE AREA Oklahoma County, OK
ELIGIBLE BORROWER(S) Buyers and their spouses (occupant and non-occupant spouse included a non-purchasing spouse) must be first-time buyers.
LOAN TYPE FHA, VA, and conventional loans acceptable to Fannie and Freddie that are 30 year, fixed-rate market loans. No adjustable rate, balloon, interest only products are permitted. Stated income loans are not permitted.
INCOME & PURCHASE PRICE LIMITS MCC Income and Purchase Price Limits
TIMELINE REQUIREMENTS Underwriter Certified within 15 days of MCC reservation in eHPortal. MCC Compliance File delivered to eHP within 10 days post-closing.
HOMEBUYER EDUCATION MCC Homebuyer Education
CO-SIGNERS Non-occupant co-signer allowable. The co-signer is essentially a loan guarantor only. They cannot take any ownership interest, so they cannot be on Title, Deed or the Mortgage. They will only sign the Note. Non-occupant co-borrowers are prohibited.
MCC PROGRAM GUIDELINES MCC Program Guidelines
PRE-CLOSING FORMS Notices to Buyers and Recapture Tax Brochure
TARGETED AREA MAPS MCC Targeted Area Maps
PARTICIPATING LENDERS Participating Lenders