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%.
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.