OHFA Gold Shield

What is OHFA Gold Shield?

OHFA Gold Shield is a second mortgage for homebuyers in Oklahoma.

• OHFA Gold Shield is an occupation-specific rate-discount overlay within OHFA's Gold Loan program (Mortgage Revenue Bond) for qualifying firefighters (municipal or volunteer), CLEET-certified police officers, and EMS workers. Qualifying borrowers receive a -0.125% reduction from the posted OHFA Gold Government rate (FHA/VA/USDA-RD/HUD Section 184) plus 3.5% of total loan amount as a 0% interest, no-monthly-payment silent second mortgage for down payment and closing cost assistance. The DPA lien is deferred and becomes due upon sale, refinance, transfer, or when the property is no longer the primary residence. A companion Freddie Mac (conventional) variant exists. MCC combination not permitted.
• Rate discount of -0.125% below posted OHFA Gold Government rate for qualifying first responders and EMS.
• 3.5% of total loan amount as 0% interest silent second mortgage DPA.
• No monthly payment on DPA lien.
• DPA due on sale, refinance, or transfer.
• 30-year fixed rate first mortgage.
• No prepayment penalty.
• Funding comes from State - Mortgage Revenue Bond (GNMA securitized).

How much assistance does it provide?

OHFA Gold Shield provides assistance worth 3.5% of the purchase price, as set by the program.

• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

OHFA Gold Shield is a second mortgage and is repaid under the terms set by the administering agency.

• Repayment is triggered by Sale, refinance, transfer of title, or property no longer primary residence.
• The assistance is recorded in Second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

OHFA Gold Shield is open to buyers who will live in the home as their primary residence.

What are the income limits?

OHFA Gold Shield limits household income to 115% of the area median income, which varies by county and household size.

• Income limits at 115% AMI per OHFA Gold product guides; set by county and household size. Confirm with current OHFA rate sheet at ohfa.org/specialrates/.
• 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.

What kind of home can it be used for?

OHFA Gold Shield caps the purchase price at $349,525.

• Eligible property types include Single Family, Condo, Townhouse, and PUD.
• New construction is eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

OHFA Gold Shield names law enforcement officers, firefighters, and healthcare workers among the groups it serves.

• The program is also limited to employees of Municipal/volunteer fire departments; CLEET-certified law enforcement agencies; EMS providers.
• 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?

OHFA Gold Shield serves buyers purchasing anywhere in Oklahoma.

• The program targets specific areas: IRS-designated federally targeted census tracts in Oklahoma; targeted areas have higher purchase price limits ($427,198 vs $349,525) and may allow repeat buyers.

How do you apply?

Applications for OHFA Gold Shield 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 before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through OHFA lender portal, 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.