Oklahoma Down Payment Assistance
Oklahoma Down Payment Assistance Programs
A guide to current down payment assistance options in Oklahoma, including the state Housing Finance Agency, well-known city and county programs, and live DPA mortgage pricing for Oklahoma homebuyers.
Oklahoma Housing Finance Agency
Oklahoma Housing Finance Agency (OHFA)
OHFA administers the primary DPA programs for Oklahoma. Program details below are current as of October 17, 2026 - confirm current terms directly with OHFA before applying.
Statewide DPA Programs in Oklahoma
OHFA Gold
Oklahoma Housing Finance Agency
Fixed-rate first mortgage with down payment assistance of 3.5% of the total loan amount as a 0% interest, no-payment second mortgage. Repaid when the first mortgage matures or is paid off, or on sale, refinance, or the home no longer being the primary residence.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Minimum FICO: 640
- Maximum DTI: 45%
- Income: County-based limits per OHFA schedule.
- Homebuyer education required
First-time homebuyer requirement waived when purchasing in a designated Targeted Area. Maximum purchase price $349,525 ($427,198 in Targeted Areas).
Source: www.ohfa.org
OHFA Dream
Oklahoma Housing Finance Agency
Fixed-rate first mortgage with down payment assistance of 3.5% of the total loan amount as a 0% interest, no-payment second mortgage. Repaid when the first mortgage matures or is paid off, or on sale, refinance, or the home no longer being the primary residence.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Not required
- Primary residence only
- Minimum FICO: 640
- Maximum DTI: 45%
- Income: Up to $150,000 statewide (government loans); Freddie Mac HFA Advantage income varies by county.
Homebuyer education required when all borrowers are first-time homebuyers. Available to first-time and repeat buyers statewide. Maximum purchase price $356,362 (government) or $453,100 (conventional). Dream Zero option offers a lower interest rate with no DPA.
Source: www.ohfa.org
OHFA 4Schools / Shield / State Employees
Oklahoma Housing Finance Agency
Lower interest rate on an OHFA Gold first mortgage for school employees, law enforcement, firefighters, EMTs, and state employees. Includes the same 3.5% down payment assistance.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Minimum FICO: 640
- Income: Gold county-based limits per OHFA schedule.
- Homebuyer education required
Offered on Gold loans only, so Gold rules apply (first-time homebuyer unless buying in a Targeted Area).
Source: www.ohfa.org
Oklahoma Notes for Homebuyers
- REI Oklahoma (a separate entity from OHFA) also operates a statewide REI Down Payment Assistance Program providing 3.5%-5% of the loan amount as a gift with no repayment requirement. Ask your lender whether REI or OHFA assistance is the better fit.
- OHFA requires homebuyer education when all borrowers are first-time homebuyers.
2026 Loan Limits in Oklahoma
Conforming (Conventional)
$832,750 baseline
FHA
$541,287
Standard FHA limit, applies to most Oklahoma counties.
Live DPA Pricing for Oklahoma
Pricing below is sourced live from hundreds of wholesale lenders for a Oklahoma scenario. Edit the inputs to match your situation.
FHA Down Payment Assistance
Up to 5% assistance; repayable second at first rate + 2% over 10 years
▸Program details
- ✓Minimum credit score: 580
- ✓Non-traditional credit also possible
- ✓Assistance up to 2.5%, 3.5%, or 5% of the lesser of purchase price or appraised value
- ✓Assistance can be used for down payment, closing costs, or both
- ✓Second lien: 10-year fixed, repayable
- ✓Second lien rate is 2% higher than the first mortgage rate
- ✓No first-time homebuyer requirement
- ✓No income cap
- ✓Purchase of primary residence only
- ✓Eligible properties: 1-unit residences, PUD, 2-4 units, FHA-approved condos, manufactured (single/double-wide)
- ✓DTI per AUS and FHA manual underwriting guidelines
- ✓First lien: FHA 30-year fixed
Assistance amount
Compare DPA options for Oklahoma with live pricing
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