2010-2011 OHFA Bond / Down Payment Assistance Program
The new terms of the 2010-2011 OHFA bond program were recently announced (January 27th, 2011). The OHFA bond program will allow first time home buyers (including buyers who have not owned a home in at least 3 years) to receive 3.5% down payment assistance. The bond is funded by requiring borrowers to lock in their loan rate at a slightly higher than normal rate, currently 5.25%. There are currently $10,000,000 in funds available for bond loan reservations!
Income Limits:
For a 1-2 person household: $59,400 (non-targeted), and $71,280 (targeted areas)
For a 3+ person household: $68,310 (non-targeted), and $83,160 (targeted areas)*
*one of the participating lenders can assist you with determining whether the area in which you are looking to purchase is a non-targeted or targeted area.
Purchase price Limits:
$189,682
To take advantage of the 2011 Program, you must close by April 25th, 2011!
Please feel free to contact me for a list of OHFA participating lenders!
Click the following link to search for homes for sale in Norman, Moore, or Oklahoma City.
Rob Schaerer
Dillard Group Real Estate
Preferred: (405) 694-8537
Office: (405) 366-7707
Rob@Dillardgroup.com
www.OklaHomeSeller.com
"It's not about houses -- It's about homes."
I am a Real Estate Agent specializing in the Norman OK, Moore OK, and Oklahoma City OK areas. I am a member of the National Association of Realtors, and have access to the Norman MLS and the Oklahoma City MLS. I can help you as a buyer broker or help you as a listing broker for your home in Norman OK, Moore OK, and anywhere in the Oklahoma City metro area. I would love to be your Oklahoma Real Estate Agent -- let me know how I can help you with your next move!