Down Payment and Closing Cost Assistance Program

What is Down Payment and Closing Cost Assistance Program?

Down Payment and Closing Cost Assistance Program is a grant for homebuyers in Multiple County, Oklahoma.

• Housing Authority of the Seminole Nation of Oklahoma grant providing down payment and closing cost assistance to enrolled Seminole tribal members.
• Housing Authority of the Seminole Nation of Oklahoma grant program providing down payment and closing cost assistance to enrolled Seminole tribal members purchasing a primary residence in the Seminole service area. NAHASDA-funded grant — no repayment if owner-occupancy maintained.
• Funding comes from Federal, HUD, NAHASDA, IHBG, and Tribal.

Do you have to pay it back?

Down Payment and Closing Cost Assistance Program 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.

Who qualifies?

Down Payment and Closing Cost Assistance Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Down Payment and Closing Cost Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• Household income $53,850 (1 person) to $101,600 (8 person) per HUD/IHBG 80% AMI for Seminole service area.
• 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?

Down Payment and Closing Cost Assistance Program caps the purchase price as follows: Reasonable purchase price for primary residence in Seminole service area.

• Eligible property types include Single-family detached, condo, townhouse, manufactured (with land).
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

Down Payment and Closing Cost Assistance Program names veterans, active-duty service members, reservists and National Guard members, surviving spouses, and American Indian and Alaska Native buyers 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.

Where does it apply?

Down Payment and Closing Cost Assistance Program serves buyers purchasing in Multiple County, Oklahoma.

• The program targets specific areas: Seminole Nation tribal service area — Seminole County and adjacent eastern Oklahoma counties.

How do you apply?

Applications for Down Payment and Closing Cost Assistance Program go through the administering agency, 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 Seminole Nation Housing Authority homebuyer education and HUD-approved native homebuyer counseling.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Apply via Seminole Nation Housing Authority; first-come first-served per annual allocation, 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.