Tulsa County Home Finance Authority
First Home Program
Designed to increase homeownership opportunities for low-to-moderate income individuals and families in Tulsa County, Oklahoma.
First Home Program Advantages
Below Market Rate
Offers a below-market rate, with a forgivable second mortgage 0% interest over 5 years.
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Down Payment Assistance
Flexible Fund Usage
Funds can be used for down payment, closing cost, or prepaid items.
First Home Program Requirements
Here’s what you’ll need to get started.
- Credit Score Minimum credit score of 620
- Loan Types FHA, VA and USDA loans
- Debt-to-income ratio AUS approval
- Occupancy required Within 60 days of closing
- Homebuyer Education Informative homeownership course required
Qualifications
The home loan that unlocks opportunities
Qualifications
The home loan that unlocks opportunities.
- Tulsa County, Oklahoma
- Purchases only
- Must be a first-time homebuyer*
- Single Family, Condominiums or Townhomes
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First Home Program FAQs
What is the Tulsa County Home Finance Authority First Home Program?
The program offers down payment and closing cost assistance to help first-time homebuyers in Tulsa County (Oklahoma) make homeownership more attainable.
Who is eligible for this program?
Eligible applicants include first-time homebuyers or those who haven’t owned a home in the past three years. Participants must meet income limits, credit score requirements, and other program guidelines. The exemptions to the first-time homebuyer requirements are to purchase a home in a targeted census tract or if you are a Veteran.
How much assistance does the program provide?
Qualified buyers can receive 3.5% down payment of the total loan amount for down payment and/or closing costs, making homeownership more affordable.
What types of properties qualify?
Eligible properties include single-family homes, townhomes, and condominiums located within Tulsa County, Oklahoma. The home must serve as the buyer's primary residence.
Are there any occupancy requirements?
Yes, buyers are required to occupy the home as their primary residence within 60 days of closing.