REI Home100 Government Loan Program - Gift

What is REI Home100 Government Loan Program - Gift?

REI Home100 Government Loan Program - Gift is a grant for homebuyers in Statewide, Oklahoma.

• REI Oklahoma's Home100 Government Gift variant pairs a 30-year fixed FHA, VA, or USDA-RD first mortgage with a 3.5% non-repayable DPA gift (grant). No second lien is recorded. Higher income limits and a clean repayment-free structure make this REI's most flexible Government channel for higher-income borrowers using FHA/VA/USDA financing.
• Up to 3.5% of the first-mortgage amount as a non-repayable gift (grant) on a 30-year fixed FHA, VA, or USDA-RD first mortgage. No second lien recorded, no repayment, no forgiveness term.
• Funding comes from Nonprofit and TBA.

How much assistance does it provide?

REI Home100 Government Loan Program - Gift provides assistance worth 3.5% of the purchase price, as set by the program.

• Buyer contribution: No required borrower minimum contribution beyond product minimums (FHA 3.5%, VA $0, USDA $0).
• 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 - Gift is structured as a grant, so it is not repaid.

• Repayment is triggered by None — gift/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.

Who qualifies?

REI Home100 Government Loan Program - Gift is open to buyers who will live in the home as their primary residence.

What are the income limits?

REI Home100 Government Loan Program - Gift limits household income to $166,425.

• 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 - Gift caps the purchase price as follows: Subject to FHA, VA, or USDA-RD loan limits and area appraised value; 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 - Gift 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.

Where does it apply?

REI Home100 Government Loan Program - Gift serves buyers purchasing in Statewide, Oklahoma.

How do you apply?

Applications for REI Home100 Government Loan Program - Gift 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, through HUD-approved homebuyer education provider.

2. 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. 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.