2010 First Time Buyer Bond Program
The terms of the 2010 OHFA bond program were recently announced. 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 5.65%.
Income Limits:
For a 1-2 person household: $58,500 (non-targeted), and $70,200 (targeted areas)
For a 3+ person household: $67,275 (non-targeted), and $81,900 (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
Please feel free to contact me for a list of OHFA participating lenders and I would be happy to forward you a list!
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 Real Estate Agent -- let me know how I can help you with your next move in Norman OK, Noble OK, Moore OK or Oklahoma city OK!