- Tulsa County Bond Money
(Please call Realtor Assoc., Gilda Krantz-Smith 918-808-0224 for more details on how to get your share or send an email to
Gilda@GreaterTulsa.com
Interest Rate for 30 year loan is usually set at a little higher than the going interest rate, Down Payment Assistance given to buyer is 3.0% of the sales price, minimimum credit score is 620.
Loan types allowed: FHA and VA
Property eligibility--Must be located in Tulsa County; buyer must have a minimum of 620 credit score
Seller can additionally assist in paying closing costs, making it very affordable to purchase a home.
No repayment is ever required for Tulsa County Bond 3% down payment assistance. No second mortgage is filed.
This is for first time home buyers, or if you have not owned a home in 3 years, and do not exceed income limits
- OHFA Advantage
Oklahoma homebuyers statewide who meet income guidelines, can recieve down payment assistance to purchase a home.
Program Name is called OHFA Advantage and it offers 3.5% Down Payment Assistance.
Three products are available for eligible homebuyers to purchase any new or existing home: 1st Gold (most homebuyers), OHFA Shield (police officers and fire fighters) and OHFA 4Teachers (eEducators). These programs are offered through the Oklahoma Housing Finance Agency - www.ohfa.org
Down Payment Assistance = 3.5% of the sales price
Loan types allowed: FHA, VA, RD and HUD 184
Property eligibility---entire state of Oklahoma- Buyer must have a minimum of 620 credit score.
Seller can pay closing costs.
For Homes priced less than $189,607.
This is for first time buyers or those that have not owned a home in 3 years and who meet income guidelines
Soft-second mortgage (0 interest) for the 3.5% assistance, prorated and completely forgiven after buyer lives in house for 5 years.
The Oklahoma Housing Finance Agency's new micro site for the program is called oklahomahomebuyers.org or you can call the Oklahoma Homebuyer Hotline at 1-888-937-1122.
For further questions about these programs, their income limits or other guidelines call/text or email Realtor-Assoc. Gilda Krantz-Smith 918-808-0224
- USDA Home Loan Program - Rural Development Financing
for qualifying areas outside of Tulsa city limits
*No Mortgage Insurance!
*No Cash Reserve Requirements!
*102% of Appraised Value to Cover Closing Costs!
*No Cap on mortgage amount other than the Appraisal (plus USDA-RD Fee)!
*6% Seller Concessions Allowed to cover closings costs!
*Gifts allowed and DO NOT NEED to come from relative!
*30 year fixed and no Mortgage Insurance added to pament!
*All Closing Costs can be included in the loan!
*Try USDA-RD BEFORE FHA because require NO DOWN PAYMENT!
*Standard Site Built Homes. No MFH, Modular, Log, etc.
*First Time Home Buyers Allowed or those that just sold a home and are purchasing again!
*Minimum credit score of only 620-640 on all borrowers to go No Money Down!
*No Declining Markets, all available at 100% LTV!
*To check the address of a home's eligibility visit:http://eligibility.sc.egov.usda.gov
- Veteran Loans (VA)
This 100% no down payment loan is for anyone who has served, or is now serving in our US Military. Your funding fee may be waived if you have a documented disability. If you can get the seller to pay your closing costs you can move in for a $1.00. Wow! Income limits do not apply and you do not have to be a first time buyer.
Find out if you qualify for one of the above loans:
Call, Text, or E-mail Gilda Krantz-Smith,
"Your Realtor of Choice for 100% home financing programs"
Gilda@GreaterTulsa.com
(918) 808-0224
Gilda Krantz-Smith
Realtor®/Consultant
Keller Williams® Realty
Interest Rates are at some of their lowest levels in history.
Take advantage of your buying power today!
Call, text or Email Gilda 918-808-0224 to get started with finding you a home today in the Tulsa-Greater Tulsa Oklahoma regions!
Information deemed reliable but is subject to change. Please verify information via the offical websites for each program or by calling your Realtor or Lender of Choice today.
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