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Tulsa County First Home Program

Tulsa County Home Finance Authority (TCHFA) · Tulsa County, Oklahoma

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Assistance

$17,882

The maximum the program publishes — not an offer

Income limit

$112,559

The household income limit the program publishes

Price cap

$544,232

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 5 years

What is Tulsa County First Home Program?

Tulsa County First Home Program is a forgivable loan for homebuyers in Tulsa County, Oklahoma, administered by Tulsa County Home Finance Authority (TCHFA).

  • The First Home Program from the Tulsa County Home Finance Authority provides first-time homebuyers purchasing anywhere in Tulsa County a 30-year fixed FHA, VA, or USDA-RD first mortgage plus forgivable down payment and closing-cost assistance equal to 3.5% of the note amount (max $17,882) as a 0% interest deferred second mortgage fully forgiven after five years.
  • 30-year fixed first mortgage (FHA/VA/USDA-RD).
  • 3.5% forgivable DPA up to $17,882.
  • 0% interest, no payments.
  • Fully forgiven after 5 years.
  • Targeted-area buyers need not be first-time buyers.
  • Funding comes from Mortgage revenue bonds ($25M authorization; 2025A series).

How much assistance does it provide?

Tulsa County First Home Program offers up to $17,882 in assistance.

  • Award tiers: Non-Targeted and Targeted Areas (15 HUD census tracts) with higher income and price limits in targeted areas; FTHB requirement waived in targeted areas.
  • Amounts are the program's published maximums, not an offer — Tulsa County Home Finance Authority (TCHFA) determines any individual award.

Do you have to pay it back?

Tulsa County First Home Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Due if the first mortgage is prepaid, refinanced, the borrower no longer occupies the home as principal residence, or sells/transfers before the end of the 5-year period.
  • 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?

Tulsa County First Home Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: FTHB requirement waived in HUD Targeted Areas.
  • The home is occupied as a primary residence
  • On credit: FICO 620 or higher.
  • A completed homebuyer education course, through HUD-approved counseling agencies incl. online eHomeAmerica; pre-closing.
  • Residency: Occupy within 60 days of closing; never rent.
  • DRAFT (dpa-gap-finder 2026-06-10): pending review. Loan types FHA, VA, USDA-RD (no conventional). max_dti, manufactured-home eligibility, and exact lien-subordination terms not stated on primary pages reviewed.

The program excludes

  • Purchases above the $544,232 price cap
  • Households above $112,559

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?

Tulsa County First Home Program limits household income to $112,559.

  • 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?

Tulsa County First Home Program caps the purchase price at $544,232.

  • Eligible property types include Single Family, Condo, and Townhouse.
  • New construction is eligible.

Where does it apply?

Tulsa County First Home Program serves buyers purchasing in Tulsa County, Oklahoma.

How do you apply?

Applications for Tulsa County First Home Program go through Tulsa County Home Finance Authority (TCHFA), 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 counseling agencies incl. online eHomeAmerica; pre-closing..

  2. Contact Tulsa County Home Finance Authority (TCHFA) to reserve funds

    Funds are reserved through eHousingPlus; 60 days from reservation to loan purchase., 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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A short, free course on Tulsa County First Home Program: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

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