OHFA Gold Loan Program

OHFA Gold Loan Program is a grant for homebuyers in Statewide, Oklahoma. OHFA Gold is OHFA's non-bond TBA (To Be Announced MBS) first-mortgage program offering a 3.5% down payment and closing-cost assistance grant. Because it is not bond-funded, there is no IRS first-time-homebuyer rule and no federal recapture tax. The grant equals 3.5% of the first-mortgage amount, never has to be repaid, and is layered with a 30-year fixed FHA, VA, USDA-RD, or conventional HFA Preferred / HFA Advantage first mortgage. Gold is OHFA's primary repeat-buyer program. 3.5% down payment / closing-cost assistance grant on a 30-year fixed-rate non-bond TBA first mortgage. No first-time-homebuyer requirement and no federal recapture tax. Repeat buyers, move-up buyers, and homeowners selling and re-buying are eligible. Funding comes from State and TBA.

OHFA Gold Loan Program is structured as a grant, so it is not repaid. Repayment is triggered by None — grant and no repayment required. The assistance is recorded in 1 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

OHFA Gold Loan Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Not required — Gold has no first-time-homebuyer rule. On credit, the program states: 640 minimum middle FICO across all loan products. A homebuyer education course is required, through HUD-approved homebuyer education provider; Framework or eHome America online course accepted. Residency requirement: Property must be located in Oklahoma and used as borrower's primary residence. Citizenship or immigration status: U.S. citizen or qualified permanent/non-permanent resident alien per first-mortgage product overlays. Non-bond TBA program — no first-time-homebuyer requirement, no federal recapture tax. Income limits set by OHFA program (lower than bond Dream limits in many counties). Borrower must meet first-mortgage product underwriting (FHA/VA/USDA/Fannie/Freddie HFA program).

OHFA Gold Loan Program limits household income to $136,780. 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.

OHFA Gold Loan Program caps the purchase price at $427,198. Eligible property types include Single-family detached, Townhome, Condominium (warrantable), 2-4 unit (per first-mortgage product), and PUD. New construction is eligible. Manufactured homes are eligible.

OHFA Gold Loan Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses 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.

OHFA Gold Loan Program serves homebuyers purchasing in Statewide, Oklahoma.

Applications for OHFA Gold Loan Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Lender reservation through OHFA's eHousingPlus origination portal. 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.