Down Payment & Closing Cost Grant

What is Down Payment & Closing Cost Grant?

Down Payment & Closing Cost Grant is a grant for homebuyers in Multiple County, Oklahoma.

• Comanche Nation Housing Authority grant providing down payment and closing cost assistance to enrolled Comanche tribal members purchasing within the Comanche service area in southwest Oklahoma.
• Comanche Nation Housing Authority grant program providing down payment and closing cost assistance to enrolled Comanche tribal members purchasing a primary residence within the Comanche service area in southwest Oklahoma. Grant up to ~$15,000 — no repayment if owner-occupancy maintained.
• Funding comes from Federal, HUD, NAHASDA, IHBG, and Tribal.

Do you have to pay it back?

Down Payment & Closing Cost 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.

Who qualifies?

Down Payment & Closing Cost Grant is open to buyers who will live in the home as their primary residence.

What are the income limits?

Down Payment & Closing Cost Grant limits household income to 110% of the area median income, which varies by county and household size.

• Household income $58,352 (1 person) to $137,544 (8 person) — tiered 80% to 110% AMI for Comanche 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 & Closing Cost Grant caps the purchase price as follows: Reasonable purchase price for primary residence in Comanche 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 & Closing Cost Grant 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 & Closing Cost Grant serves buyers purchasing in Multiple County, Oklahoma.

• The program targets specific areas: Comanche tribal service area — Caddo, Comanche, Cotton, Grady, Jefferson, Kiowa, Stephens, Tillman counties (southwest Oklahoma).

How do you apply?

Applications for Down Payment & Closing Cost Grant 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 Comanche 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 Comanche 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.