More Goodies for 1st-Time Home Buyers in OK

Apr 19, 2009

Buyer Tips, In The Press, Local Issues, Mortgage Info

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Several months back I heard someone declare that down-payment assistance programs were dead and we’d never see them again. Well, apparently, that someone was wrong.

As of the end of this month, there will be about $31M available to first-time home buyers in Oklahoma in the form of special bond money, at 5.83%, and down-payment assistance up to 3.5% of purchase price.

Some are even calling it a modern-day land run. I guess that comparison can be easily drawn, as we’re seeing an already amazing offering (historically-low interest rates, an $8K tax credit, and a market leaning in favor of the buyers) made even better with the availability of this program.

So, if you’re a renter, there may never be a better time to jump into the world of home ownership. For more details on this program, just call or email us, and we’ll help you get the ball rolling.

While you're here, don't miss these posts:

For The Non-First-Time-Home-Buyers When the new $8,000 Tax Credit was announced, I heard a lot of frustration from my clients who aren’t first-time home buyers.. and rightfully so.....
Need Down-Payment Assistance?? One of the most common questions I’ve been getting lately is ‘How do I get down-payment assistance?’ Well, if you’re in Edmond, Oklahoma City, or...
Home Buyers Incentive – NEW TWIST About a week ago, I told you about the new version of the Home Buyer Tax Credit, and at that time I had an idea...

12 Comments

Bond Money, Down-Payment Assistance, First-time Home Buyers

11 Comments

Trish • Apr 21, 2009 @6:47 am

I would like more info on this
jackie aniebok • May 5, 2009 @11:48 am

I would like more information. I am seeking to purchases a home but I make too much money so I am not able to get down payment assistance. So I am not sure if I would qualify for the this program but I would still like more information.
Ryan Hukill • May 5, 2009 @3:00 pm

Trish & Jackie, I’ve sent you both emails with information on how to pursue this. If you don’t receive them, please post something here to let me know. Hopefully we can get you both pointed in the right direction!
Bernie • May 11, 2009 @1:45 pm

I would like more information as well. I’ve been told that we’re not able to get downpayment assistance or a gov’t grant because they no longer exist and that my husband also makes too much money. This is the only thing stopping us from buying a house of our own. I’m tired of paying someone else’s mortgage and would rather pay my own!
Ryan Hukill • May 11, 2009 @2:06 pm

Bernie, our buyer’s specialist, Susan Walker, will be sending you an email shortly on how to get started. She knows her stuff, so you’re in good hands!!
Jenn • May 12, 2009 @9:18 am

I am looking and been approved for an FHA loan 5.125, in a household of 5 income @ 32k yr. Do I need to go through my lender? Can I get some information?
Ryan Hukill • May 26, 2009 @9:46 am

Jenn, please check your email.. I’ve sent you more information!
Rick • May 30, 2009 @5:50 pm

Ryan,

Would it be possible to email me any information you have on this? I have a second question and not sure who to ask about this. On the radio during the week, somebody was talking about getting down payment assistance through the city of Edmond. I’m home shopping in Edmond, are there any city-only programs offering assistance for buying homes in Edmond?
morgan • Jun 4, 2009 @10:24 am

I would like more info on this if possible. Such as, it is specific to select counties. We live in Creek County and intend to purchase here and we keep getting told that there is bond money for Tulsa County.
Frank • Feb 24, 2010 @11:48 am

I realize it is about a year after this was posted. Is anything like this available in Edmond at this time?

Thanks
Ryan Hukill • Feb 24, 2010 @12:02 pm

Frank, thanks for getting in touch with us. If it’s OK with you, I’m going to have our buyers specialist, Susan Walker, get in touch with you to catch you up on what’s currently available in Edmond. Have a great day!