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:


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.

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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