Down Payment Assistance

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CODE_3

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****TURNKEY DOWNPAYMENT ASSITANCE *****



-No First-Time Buyer Requirement
-Must be your Principal Residence
-Must Occupy home within 60 days of closing
- Conventional – Freddie Mac HFA Advantage
Government – FHA, VA, USDA-RD
-Maximum Income Limit = $85,960 (before taxes)
-New or existing Homes
-Min credit score of 640
-Max DTI (debt to income) is 45%
-Co Signers are allowed but MAY NOT have ownership interest or reside in home
-Max purchase price is $271,050
-Oklahoma County only



Chris Sonaggera
Keller Williams Elite 405-823-7330
[email protected]
www.BuyInOKC.com
 

oksportsman

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Chris

Thanks for sharing an oustanding opportunity for homebuyers needing down payment assistance which is a grant that does NOT have to be repaid. This is a great program and I am proud to serve as Chairman for the authority offering this program. The Oklahoma County HFA actually pioneered government grant down payment assistance in the State of Oklahoma. I help many borrowers every month with this type of financing.
 

oksportsman

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HUD limits income to not more than 125% of the county median income. The vast majority of DPA assisted purchases are much less than $271,000. Buyers at that level may benefit more from a Mortgage Credit Certificate program that the Oklahoma County Home Finance Authority offers as well. it is a real $ for $ tax deduction against a portion of federal income taxes owed within limits of the program.
 

oksportsman

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Taxable down payment assistance programs like this don't have expiration dates. Authorities like the one I sit on the board of have these programs ongoing.
 

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