OHFA Advantage Down Payment Assistance

Oklahoma Housing Finance Agency

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Broken Arrow purchasing through OHFA's mortgage programs. Provides up to $15,000 or 5% of the loan amount as a forgivable second mortgage that is forgiven after 10 years of occupancy.

Second mortgage forgivable after 10 years, typical assistance amount

Key Details

  • Up to $15,000 or 5% of loan for down payment
  • Must be first-time homebuyer
  • Income limits vary by county
  • Forgivable after 10 years of occupancy
  • Must use OHFA participating lender

How to Apply

Get free help applying Visit Official Program Page Track this program

(405) 419-8100

A grant-savvy contractor in Broken Arrow, OK can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Available through participating lenders

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