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).

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.

Tulsa County First Home Program is forgiven after 5 years, so a homebuyer 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.

Tulsa County First Home Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: FTHB requirement waived in HUD Targeted Areas. On credit, the program states: FICO 620 or higher. A homebuyer education course is required, through HUD-approved counseling agencies incl. online eHomeAmerica; pre-closing. Residency requirement: Occupy within 60 days of closing; never rent. Loan types FHA, VA, USDA-RD (no conventional). max_dti, manufactured-home eligibility, and exact lien-subordination terms not stated on primary pages reviewed.

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.

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.

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

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. Funds are reserved through eHousingPlus; 60 days from reservation to loan purchase. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.