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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! 

Date Posted
 
Blog Post Title
 
03/08/2011 How Does the Norman Market in January 2011 Compare to January 2010 
03/03/2011 Should I Invest in Real Estate Now?
02/04/2011 2010-2011 OHFA Bond / Down Payment Assistance Program
02/04/2011 Cleveland County Oklahoma Bond Program
02/04/2011 Should You Get a Home Inspection on a New House? 
07/22/2010 2010 NCRC First Time Home Buyer Grant 
06/15/2010 Low Maintenance Retirement Living
01/31/2010 2010 First Time Buyer Bond Program
07/28/2009 Neighborhood Focus: Royal Oaks in Norman OK
07/15/2009 Neighborhood Focus: Eagle Cliff in Norman OK
07/06/2009 2009 NCRC Grant: $5,000 for First time home buyers in Norman
07/03/2009 Neighborhood Focus: Carrington Place in Norman OK
05/11/2009 Neighborhood Focus: Brookhaven In Norman OK
05/10/2009 Neighborhood Focus: The Vineyard in Norman Oklahoma
05/09/2009 Can the $8000 tax credit be used towards down payment?
05/29/2009 Home Valuation Tool
05/29/2009 Cleveland County Sheriff Sales
04/23/2009 Saving money on a refinance
04/23/2009 Oklahoma City Metro: #10 best place in the country to call home
04/18/2009 2009 Oklahoma Down Payment Assistance Program
10/21/2008 Mortgage Market Changes
04/10/2008 Free Money for the First Time Home Buyer
04/04/2008 Oklahoma Home Values up by 4.24 percent in 2007
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