FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma is a grant for homebuyers in Statewide, Oklahoma, administered by Federal Home Loan Bank of Dallas (via participating member financial institutions). FHLB Dallas's Homebuyer Equity Leverage Partnership (HELP) provides grants of up to $20,000 for Oklahoma properties to help first-time homebuyers with down payments and closing costs. Homebuyers must earn at or below 80% AMI, contribute $500 of their own funds, complete homebuyer counseling, and retain the home for 5 years. Funds are disbursed through FHLB Dallas member financial institutions. Oklahoma is outside the primary district; members have a $375,000/year combined cap for out-of-district properties. Up to $20,000 grant for down payment and closing costs. No repayment if 5-year retention met. Available statewide through FHLB Dallas member lenders. 2026 allocation of $17 million. Funding comes from Federal Home Loan Bank of Dallas, allocated annually; 2026 allocation $17M across 5 offerings.

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma offers up to $20,000 in assistance. Homebuyer contribution: Homebuyer must contribute a minimum of $500 of their own funds toward down payment or closing costs. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Dallas (via participating member financial institutions) determines any individual award.

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma is structured as a grant, so it is not repaid. Repayment is triggered by Prorated repayment required if homeowner does not retain property for 5 years (sale, transfer, refinance within retention period). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: No minimum stated by FHLB Dallas; set by participating member lender. A homebuyer education course is required, through HUD-approved homebuyer counseling program required. Residency requirement: Property must be primary residence. Oklahoma is outside the FHLB Dallas district; member cap for outside-district properties is $375,000/year.

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% of AMI as defined by HUD. See FHLB Dallas Median Incomes document. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma caps the purchase price as follows: No stated purchase price cap; reasonable market rate required on mortgage. Eligible property types include Single Family, Condo, and Townhouse. New construction is eligible.

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma serves homebuyers purchasing in Statewide, Oklahoma.

Applications for FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Oklahoma go through Federal Home Loan Bank of Dallas (via participating member financial institutions), which publishes the current terms and the application steps on its own site. Funds are reserved through Applications submitted by FHLB Dallas member institutions; member cap $150,000 per offering; funds available until exhausted or December 31, 2026. 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.