OHFA Gold (Homebuyer Down Payment Assistance Program)
Oklahoma Housing Finance Agency (OHFA) — the state housing finance agency
Amount: 3.5% of the total loan amount, applied toward down payment and/or closing costs (assistance is combined with the first mortgage and repaid over the loan term, not a standalone grant)
Type: Repayable down payment assistance bundled into a 30-year fixed-rate first mortgage (FHA, VA, USDA-RD, HUD-184, or Conventional)
Must generally be a first-time homebuyer (no ownership interest in a primary residence in the past 3 years) unless purchasing in a state-designated 'targeted' census tract, where the first-time buyer requirement is waived. Minimum credit score of 640. Maximum purchase price $349,525 in non-targeted areas / $427,198 in targeted areas. Household income limits vary by county and family size (published by OHFA). Home must be primary residence, occupied within 60 days of closing.
OHFA Dream
Oklahoma Housing Finance Agency (OHFA)
Amount: 3.5% of the total loan amount toward down payment and/or closing costs
Type: Repayable down payment assistance bundled into a 30-year fixed-rate first mortgage (government-backed: FHA/VA/USDA, or Conventional)
Available to both first-time AND repeat buyers (no first-time buyer requirement), but home must be the buyer's primary residence. Higher income ceiling than Gold: $150,000 statewide maximum for government-backed loans (conventional loans use county-based limits instead). Maximum purchase price $356,362 (government loans) or $453,100 (conventional). Minimum credit score of 640.
OHFA 4Teachers / OHFA Shield / OK State Employees (specialty DPA tracks)
Oklahoma Housing Finance Agency (OHFA)
Amount: Same structure as Gold/Dream (3.5% assistance) but with preferential interest rates for eligible applicants
Type: Repayable down payment assistance bundled into a 30-year fixed-rate first mortgage
Restricted to specific professions: full-time teachers (4Teachers), law enforcement/firefighters/EMS (Shield), and state government employees (OK State Employees). Otherwise follows the underlying Gold or Dream income limits, purchase price caps, and the 640 minimum credit score; first-time buyer status requirement mirrors whichever base product (Gold vs. Dream) is used.
City of Oklahoma City First-Time Homebuyers Program (local, not state-level)
City of Oklahoma City, Development Services (HUD HOME-funded), not OHFA
Amount: Up to $18,000 in down payment and closing cost assistance
Type: 0% interest deferred forgivable loan, forgiven over a 10-year affordability/occupancy period; must repay a prorated portion if the home is sold, rented, or vacated as a primary residence before the term ends
Must be a first-time homebuyer (no home ownership in the past 3 years). Household income must be at or below 80% of Area Median Income (AMI), varying by household size. Home must be within Oklahoma City limits. Maximum purchase price approximately $209,000 for existing homes / $280,000 for new construction. This is a city-level program, included because it is one of the largest and most established local DPA programs in the state, layered on top of (or used instead of) OHFA's statewide products.