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REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan)

Statewide, Oklahoma

Last verified
See what you qualify forOfficial program site →
Assistance

5%

Of the purchase price, as the program sets it

Income limit

$148,858

The household income limit the program publishes

Repayment

Repayable

Repaid on the terms set by the administering agency

What is REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan)?

REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) is a repayable second loan for homebuyers in Statewide, Oklahoma.

  • REI Oklahoma's Home100 Government Hybrid pairs an FHA or HUD-184 (Section 184 Indian Home Loan Guarantee) first mortgage with a hybrid DPA of up to 5%, structured as a non-repayable gift portion combined with a fully-amortizing 10-year repayable second loan. The HUD-184 path is a recognized Native American homeownership channel, enabling enrolled tribal members to combine Section 184 financing with REI's DPA. Provided statewide through REI's TBA.
  • Hybrid DPA on FHA or HUD-184 (Native American Section 184) first mortgage: a non-repayable gift portion combined with a fully-amortizing 10-year repayable second loan, totaling up to 5% of the first-mortgage amount. HUD-184 path enables Native American buyers to use Section 184 trust-land or off-reservation financing with REI DPA support.
  • Funding comes from Nonprofit, Federal, and TBA.

How much assistance does it provide?

REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) provides assistance worth 5% of the purchase price, as set by the program.

  • Buyer contribution: No required borrower minimum contribution beyond FHA/HUD-184 product minimums.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) is a repayable second loan and is repaid under the terms set by the administering agency.

  • Repayment is triggered by Gift portion: none. Amortizing-second portion: monthly P&I payments over 10-year term and balance due at sale, refinance, or transfer.
  • The assistance is recorded in 2 position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: 640 FICO minimum (680 FICO for AUS-friendly pricing)
  • A completed homebuyer education course, through HUD-approved homebuyer education provider; HUD-184 borrowers may use tribally-approved Section 184 homebuyer education
  • Residency: Property must be located in Oklahoma and used as borrower's primary residence; HUD-184 path may include trust/restricted-fee land
  • Citizenship or immigration status: U.S. citizen or qualified permanent/non-permanent resident alien per FHA guidelines; HUD-184 requires enrolled member of a federally-recognized tribe
  • 640 FICO minimum (680 FICO for AUS-friendly pricing). HUD-184 path requires enrolled member of a federally-recognized tribe or qualifying Indian household. FHA path uses standard FHA overlays. Hybrid DPA is a gift-plus-amortizing-second structure; combined assistance up to 5%.

The program excludes

  • Households above $148,858

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) limits household income to $148,858.

  • 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?

REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) caps the purchase price as follows: Subject to FHA loan limits or HUD-184 maximum mortgage amount by county; no separate program purchase-price cap.

  • Eligible property types include Single-family detached, Townhome, Condominium (FHA-approved), PUD, and 2-4 unit (FHA only).
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) names veterans, active-duty service members, reservists and National Guard members, surviving spouses, and American Indian and Alaska Native buyers 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?

REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) serves buyers purchasing in Statewide, Oklahoma.

  • The program targets specific areas: HUD-184 Section 184 program areas (statewide in Oklahoma) — tribal trust land, restricted-fee land, and fee-simple land in approved areas.

How do you apply?

Applications for REI Home100 Government Loan Program - FHA or HUD-184 Hybrid (Gift + Amortizing Second Loan) go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through HUD-approved homebuyer education provider; HUD-184 borrowers may use tribally-approved Section 184 homebuyer education.

  2. Contact the administering agency to reserve funds

    Funds are reserved through Lender reservation through REI Oklahoma's eHousingPlus origination portal, and are subject to availability.

  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.

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