Wyandotte Nation Down Payment Assistance Program

What is Wyandotte Nation Down Payment Assistance Program?

Wyandotte Nation Down Payment Assistance Program is a forgivable loan for homebuyers in Wyandotte, Oklahoma, administered by Wyandotte Nation Housing Department.

• Down payment and closing cost assistance for first-time homebuyers who are Wyandotte Nation tribal members. Pro-rated forgiveness over 5 years. 5-year lien filed. Home must be within 50 miles of tribal headquarters in Wyandotte, OK.
• Funding comes from NAHASDA / IHBG (HUD) and tribal funds.

Do you have to pay it back?

Wyandotte Nation Down Payment Assistance Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by 5-year pro-rated forgivable lien. Forgivable proportionally over 5 years if primary residence maintained. If sold or refinanced within 5 years, pro-rated repayment required.
• The assistance is recorded in 5-year pro-rated forgivable lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Wyandotte Nation Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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

• Income limits by family size (FY applicable): 1 person $58,352; 2 persons $66,704; 3 persons $75,056; 4 persons $83,344; 5 persons $90,035; 6 persons $96,725; 7 persons $103,416; 8 persons $110,035.
• 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?

Wyandotte Nation Down Payment Assistance Program caps the purchase price as follows: No published maximum purchase price.

• Eligible property types include Single Family.
• New construction is eligible.

Is there eligibility for specific groups?

Wyandotte Nation Down Payment Assistance Program names 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?

Wyandotte Nation Down Payment Assistance Program serves buyers purchasing in Wyandotte, Oklahoma.

How do you apply?

Applications for Wyandotte Nation Down Payment Assistance Program go through Wyandotte Nation Housing Department, 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 Wyandotte Nation Housing Department to reserve funds

   Funds are reserved through First-come, first-served; funds subject to availability, 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.