FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - Oklahoma

FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - Oklahoma is a grant for homebuyers in Statewide, Oklahoma, administered by FHLBank Topeka (via participating member financial institutions). HSP+ provides up to $25,000 in down payment, closing cost, and purchase-related repair assistance as a grant to first-time homebuyers earning at or below 80% AMI purchasing a primary residence in designated high-cost or difficult development areas. In Oklahoma, qualifying counties are Bryan, Carter, Craig, and Texas. HSP+ cannot be stacked with other TurnKey programs. Administered through participating FHLBank Topeka member lenders with a 5-year Real Estate Retention Agreement. Up to $25,000 grant for properties in qualifying high-cost OK counties. No repayment if 5-year retention met. For down payment, closing costs, and purchase-related repairs. Funding comes from Federal Home Loan Bank Topeka Affordable Housing Program set-aside funds.

FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - Oklahoma offers between $2,500 and $25,000 in assistance. Amounts are the program's published maximums, not an offer — FHLBank Topeka (via participating member financial institutions) determines any individual award.

FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - Oklahoma is structured as a grant, so it is not repaid. Repayment is triggered by Prorated repayment required if property is sold, transferred, or refinanced within 5-year retention period. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - 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 FHLBank; set by participating member lender. A homebuyer education course is required, through Any provider accepted by HUD, Fannie Mae, Freddie Mac, or NISHEC. Residency requirement: Property must be in a qualifying high-cost or non-metropolitan difficult development area. OK qualifying counties: Bryan, Carter, Craig, Texas.

FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - 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 for the county of the purchased property. See 2026 TurnKey Income Limits 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.

FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - Oklahoma caps the purchase price as follows: No stated purchase price cap; first mortgage rate must not exceed 8.46% (Q2 2026). Eligible property types include Single Family, Condo, and Townhouse. New construction is eligible.

FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - Oklahoma serves homebuyers purchasing in Statewide, Oklahoma. The program targets specific areas: Oklahoma qualifying counties: Bryan, Carter, Craig, Texas. Designated high-cost / non-metro difficult development areas per HUD.

Applications for FHLBank Topeka Homeownership Set-Aside Program Plus (HSP+) - Oklahoma go through FHLBank Topeka (via participating member financial institutions), which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served through participating FHLBank Topeka member institutions; member monthly cap $175,000; program open March 2-Sept 30, 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.