Oklahoma County Down Payment Assistance

Do you make less than $86,100 annually?  Would you like to get into a $214,925 home with no money down and your closing costs paid?  If so, read on. The Oklahoma County Finance Authority will soon be rolling out a new $15,000,000 bond program to help home buyers in Oklahoma County stop renting and get into their own home. The program is expected to roll out around December 15 but has already been delayed once so that date is not yet firm. The program is designed to help home buyers with an income of less than $86,100 buy a home valued at up to $214,925. Unlike the past OKHFA bond programs, … Continue reading...

FHA 203K Loans let you buy home then renovate!

Even though Oklahoma's economy has held up better than the rest of the nation's, there are still many distressed properties for sale through for foreclosures and short sales. We get calls constantly from buyers wanting a "bargain" - maybe a HUD home or a foreclosure. The problem is that many buyers looking for a bargain don't have the financial ability to renovate or repair a distressed property, and most mortgage programs, including those providing FHA-backed loans, require homes to pass inspection prior to loaning money on the homes. That leaves many buyers unable to qualify for a … Continue reading...