City of Norman Down Payment Assistance Program

City of Norman Down Payment Assistance Program is a forgivable loan for homebuyers in Norman, Oklahoma, administered by Neighborhood Housing Services Oklahoma (NHSOKLA) on behalf of the City of Norman. The City of Norman, with Neighborhood Housing Services Oklahoma, offers up to $14,999 in HOME-funded down payment assistance to low- and moderate-income homebuyers purchasing a primary residence in three of Norman's core neighborhoods. Assistance is a 0% interest five-year forgivable second mortgage, forgiven 1/60th per month. The program launched in April 2026 and is administered by NHSOKLA first-come, first-served. Up to $14,999 down payment and closing cost assistance. 0% interest forgivable second mortgage. Fully forgiven after 5 years. Free HQS property inspection. Funding comes from HOME Investment Partnerships Program (federal HUD via City of Norman).

City of Norman Down Payment Assistance Program offers up to $14,999 in assistance. Homebuyer contribution: Buyer must invest a minimum of 1% of the sales price; no cash back at closing. Amounts are the program's published maximums, not an offer — Neighborhood Housing Services Oklahoma (NHSOKLA) on behalf of the City of Norman determines any individual award.

City of Norman Down Payment Assistance Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, refinance, or conveyance during the 5-year (plus 60 days) affordability period; forgiven 1/60th per month. 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.

City of Norman Down Payment Assistance Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Not published; must qualify for first-mortgage financing. A homebuyer education course is required, through NHSOKLA certified Homebuyer Education Workshop (pre-closing). Residency requirement: Occupy as primary residence 5 years (plus 60 days) for full forgiveness. Citizenship or immigration status: Buyer must legally reside in the United States. Geographically restricted to three Norman neighborhoods; verify property eligibility with NHSOKLA. Min 1% buyer investment. DTI front 33.99%/back 42.99%. Confirm current-year income/price limits with NHSOKLA.

City of Norman Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. <=80% AMI (Taxable Gross Income method). Cleveland/Logan County limits (eff 06/01/2024): 1 $54,750; 2 $62,550; 3 $70,350; 4 $78,150; 5 $84,450; 6 $90,700; 7 $96,950; 8 $103,200. The limit applies to total household income, not only the borrower&rsquo;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.

City of Norman Down Payment Assistance Program caps the purchase price at $190,000. Eligible property types include Single Family. New construction is eligible.

City of Norman Down Payment Assistance Program serves homebuyers purchasing in Norman, Oklahoma.

Applications for City of Norman Down Payment Assistance Program go through Neighborhood Housing Services Oklahoma (NHSOKLA) on behalf of the City of Norman, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served; funds reserved on a fully executed purchase contract. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.