ONAC Down Payment Assistance Program

What is ONAC Down Payment Assistance Program?

ONAC Down Payment Assistance Program is a grant for homebuyers in Oklahoma, administered by Oklahoma Native Assets Coalition, Inc. (ONAC).

• The Oklahoma Native Assets Coalition (ONAC), a Native-led nonprofit, offers up to $14,000 in down payment assistance funded through a Federal Home Loan Bank of Topeka AHP subsidy grant. Applicants must have income at or below 80% of county AMI and meet at least one FHLB Topeka special-population requirement (Native American; recovering from abuse; receiving SSDI for disability; or age 55+). Assistance is statewide, stackable, and subject to a five-year owner-occupancy retention agreement.
• Up to $14,000 in down payment assistance.
• Stackable with other down payment assistance.
• Statewide, including trust lands.
• Works with Section 184, VA, FHA, USDA, and conventional fixed-rate mortgages.
• Funding comes from Subsidy grant from the Federal Home Loan Bank of Topeka Affordable Housing Program (AHP).

How much assistance does it provide?

ONAC Down Payment Assistance Program offers up to $14,000 in assistance.

• The program can be combined with May be stacked with down payment assistance from other sources.
• Amounts are the program's published maximums, not an offer — Oklahoma Native Assets Coalition, Inc. (ONAC) determines any individual award.

Do you have to pay it back?

ONAC Down Payment Assistance Program is structured as a grant, so it is not repaid.

• Repayment is triggered by Real Estate Retention Agreement filed at closing; retain as primary residence 5 years (60 months); pro-rata recapture per FHLBank Topeka AHP.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

ONAC Down Payment Assistance Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

ONAC Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• <=80% AMI for the county (FHLBank Topeka AHP guidelines; varies by county). See FHLB Topeka Owner-Occupied Income Limits (9.1.25).
• The limit applies to total household income, not only the borrower&rsquo;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?

ONAC Down Payment Assistance Program can be used for Single Family.

Is there eligibility for specific groups?

ONAC Down Payment Assistance Program names American Indian and Alaska Native buyers and buyers with disabilities 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?

ONAC Down Payment Assistance Program serves buyers purchasing anywhere in Oklahoma.

How do you apply?

Applications for ONAC Down Payment Assistance Program go through Oklahoma Native Assets Coalition, Inc. (ONAC), which publishes the current terms and the application steps on its own site.

1. 1

   Contact Oklahoma Native Assets Coalition, Inc. (ONAC) to reserve funds

   Funds are reserved through Online application; acceptance based on funding and FHLB Topeka eligibility., and are subject to availability.

2. 2

   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.