City of Edmond Homebuyer Assistance Program

What is City of Edmond Homebuyer Assistance Program?

City of Edmond Homebuyer Assistance Program is a forgivable loan for homebuyers in Edmond, Oklahoma, administered by City of Edmond Housing and Community Resources Department.

• The City of Edmond Homebuyer Assistance Program provides low-to-moderate income individuals and families with a forgivable second-mortgage loan covering 50% of the required down payment, up to $14,999, to reduce the financial barriers to homeownership within Edmond city limits. The loan is forgiven in full if the buyer maintains primary residency for five years; otherwise a 20%-per-year recapture applies. Buyers must contribute at least 1% of the purchase price from personal funds and complete an approved homebuyer education course. The program is funded by CDBG and operates on a first-come, first-served basis when annual funding is available.
• Up to $14,999 forgivable loan.
• Covers 50% of required down payment.
• Zero interest.
• Fully forgiven after 5 years of owner-occupancy.
• CDBG-funded.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from CDBG.

How much assistance does it provide?

City of Edmond Homebuyer Assistance Program offers up to $14,999 in assistance.

• Buyer contribution: Buyer must contribute at least 1% of purchase price from own funds. Earnest money and inspection fees may count. No cash back at closing.
• Amounts are the program's published maximums, not an offer — City of Edmond Housing and Community Resources Department determines any individual award.

Do you have to pay it back?

City of Edmond Homebuyer Assistance Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Move-out, sale, or rental of property within 5 years; 20% per year of original assistance recaptured.
• The assistance is recorded in Second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Edmond Homebuyer Assistance Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

City of Edmond Homebuyer Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• Gross household income must be below HUD LMI limits. FY2025: 1-person $54,500; 2-person $62,300; 3-person $70,100; 4-person $77,850; 5-person $84,100; 6-person $90,350; 7-person $96,550; 8-person $102,800.
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Edmond Homebuyer Assistance Program can be used for Single Family.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

City of Edmond Homebuyer Assistance Program is a federal program, so it is not limited to Oklahoma.

How do you apply?

Applications for City of Edmond Homebuyer Assistance Program go through City of Edmond Housing and Community Resources Department, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through ["Neighborhood Housing Services (NHS Oklahoma), (405) 231-4663; free classes in OKC or online"].

2. 2

   Contact City of Edmond Housing and Community Resources Department to reserve funds

   Funds are reserved through First-come, first-served; currently waitlisted for Fall 2026 funding cycle, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.