Down Payment and Closing Cost Assistance Grant

Down Payment and Closing Cost Assistance Grant is a grant for homebuyers in Multiple County, Oklahoma. Chickasaw Nation Division of Housing grant program providing down payment and closing cost assistance to enrolled Chickasaw tribal citizens purchasing within the Chickasaw Nation Treaty Territory in south-central Oklahoma. Chickasaw Nation Division of Housing grant program providing down payment and closing cost assistance to enrolled Chickasaw tribal citizens purchasing a primary residence within the Chickasaw Nation Treaty Territory in south-central Oklahoma. Grant funds — no repayment if owner-occupancy maintained. Funding comes from Federal, HUD, NAHASDA, IHBG, and Tribal.

Down Payment and Closing Cost Assistance Grant is structured as a grant, so it is not repaid. Repayment is triggered by No repayment — grant and owner must maintain primary residence per affordability period. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Down Payment and Closing Cost Assistance Grant is open to homebuyers who will live in the home as their primary residence. On credit, the program states: 620 minimum FICO typical; lender overlays apply. A homebuyer education course is required, through Chickasaw Nation Division of Housing homebuyer education and HUD-approved native homebuyer counseling. Residency requirement: Property within Chickasaw Nation Treaty Territory in south-central Oklahoma; owner-occupied. Citizenship or immigration status: Enrolled Chickasaw Nation tribal citizen (CDIB/tribal citizenship required). Enrolled Chickasaw Nation tribal citizen (CDIB/tribal citizenship card required). Property within Chickasaw Nation Treaty Territory (Bryan, Carter, Coal, Garvin, Grady, Jefferson, Johnston, Love, McClain, Marshall, Murray, Pontotoc, Stephens counties). Owner-occupied primary residence. Homebuyer education required. Income limits per HUD/IHBG.

Down Payment and Closing Cost Assistance Grant limits household income to 80% of the area median income, which varies by county and household size. Household income within HUD/IHBG limits for Chickasaw service area; verify with Division of Housing. 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.

Down Payment and Closing Cost Assistance Grant caps the purchase price as follows: Reasonable purchase price for primary residence in Chickasaw Treaty Territory. Eligible property types include Single-family detached, condo, townhouse, manufactured (with land). New construction is eligible. Manufactured homes are eligible.

Down Payment and Closing Cost Assistance Grant names veterans, active-duty service members, reservists and National Guard members, surviving spouses, and American Indian and Alaska Native homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Down Payment and Closing Cost Assistance Grant serves homebuyers purchasing in Multiple County, Oklahoma. The program targets specific areas: Chickasaw Nation Treaty Territory — 13 counties in south-central Oklahoma (Bryan, Carter, Coal, Garvin, Grady, Jefferson, Johnston, Love, McClain, Marshall, Murray, Pontotoc, Stephens).

Applications for Down Payment and Closing Cost Assistance Grant go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply via Chickasaw Nation Division of Housing; first-come first-served subject to annual allocation. 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.