Unlock the Door to Your Dream Home: No Down Payment Options in Oklahoma!

 


Attention Oklahoma home buyers! Did you know that you may be eligible for a no down payment mortgage option? That's right, with certain loan programs, you can purchase a home without having to put any money down.

One popular program is the USDA Rural Development Home Loan. This loan program is designed to help low- to moderate-income families in rural areas purchase a home. Eligible borrowers can finance up to 100% of the purchase price without a down payment.

The Oklahoma Housing Finance Agency (OHFA) also offers a down payment assistance program for eligible homebuyers.

The OHFA Homebuyer Downpayment Assistance Program provides assistance in the form of a grant, which does not need to be repaid. Eligible borrowers can receive up to 3.5% of the home's purchase price to use towards their down payment or closing costs.

To be eligible for the program, borrowers must meet certain income and credit requirements, and the home being purchased must be located in Oklahoma and meet certain price limits.

The OHFA also offers other programs and services to assist Oklahoma homebuyers, including mortgage tax credits and affordable home loans.

If you're a first-time homebuyer or are struggling to come up with a down payment, the OHFA may be able to help.

Waterstone Mortgage Corporation also offers a unique program called the PowerHouse 100 program, which is a no down payment mortgage option for eligible borrowers.

The PowerHouse 100 program allows borrowers to finance up to 100% of their home's purchase price without having to put any money down. This program is available to both first-time and repeat homebuyers, and there are no income limits or geographic restrictions, as in the programs listed above.

To be eligible for the program, borrowers must meet certain credit requirements.

If you're considering purchasing a home in Oklahoma, be sure to explore all of your financing options. A no down payment mortgage may be the perfect solution to help you achieve your dream of homeownership.  Go to www.OklahomaMortgageGroup.com to learn more and apply today!





Location: Tulsa, OK, USA

Comments

Post a Comment

Popular posts from this blog

Two Reasons Why the Housing Market Won’t Crash

Image
 You may have heard some recent buzz about the economy and concerns about a potential recession. It's completely understandable for this type of talk to raise worries about the possibility of a housing market crash. However, there's good news – there's no need to panic. The housing market is not set up for a crash right now, and here are two key reasons why. Demand for Homes Is Higher than Supply One of the main reasons the housing market crashed in 2008 was due to an oversupply of homes. But the situation today is quite different. A balanced real estate market typically has about six months' supply of homes. When there's more than that, it signals that supply outpaces demand, and prices could fall. However, when there's less than that, it means demand is higher than supply, which tends to keep prices stable or push them higher. The graph below shows that in the lead-up to the 2008 financial crisis, there were 13 months of housing supply, which was far too much....
Read more

Why I Love Working at Waterstone Mortgage: A Culture of Growth, Connection, and Purpose

Image
  I. Love. This. Company. Waterstone Mortgage isn't just a place to work; it's a place to grow, connect, and thrive. Our culture is something truly special – unique among mortgage companies. But let's be real: this culture isn’t for everyone. We don’t want negativity. We don’t want anyone who isn’t willing to lift others up, share their knowledge, or celebrate wins (big and small). We believe in working hard for our clients, our referral partners, and each other. And we believe in playing just as hard! Our team is a collection of people who are always happy to help, who see and bring out the best in each other, and who adapt with purpose and strength to lead the way in our industry. We’re not aiming to be the biggest – just the best. If you’re a loan officer who doesn’t feel this way about your current company or if you're a realtor working with another lender, it might be time for a change. At Waterstone Mortgage, we’re here to stay. And we’re here to make a diff...
Read more

2025 Housing Market Forecasts: What Tulsa Homebuyers Need to Know

Image
As we move toward 2025, the housing market is already shaping up to be a more favorable environment for buyers. If you’ve been waiting for the right moment to make your move, here’s what the latest forecasts predict. Mortgage Rates in 2025: Projected to Come Down With inflation cooling, Tulsa mortgage rates are expected to decline throughout 2025, making home loans more affordable for buyers. As per recent projections (as of September 2024), interest rates from major institutions like Fannie Mae, MBA, NAR, and Wells Fargo suggest a gradual reduction: Q1 2025 average: 6.30% Q4 2025 average: 5.98% This is great news for anyone considering applying for a Tulsa home loan . Lower interest rates can help you save significantly on your mortgage in the long run. More Homes Expected to Sell in 2025 The lower Tulsa mortgage interest rates are projected to boost home sales. The forecast suggests an increase in buyer activity, with the total home sales reaching up to 5.7 million units nationwide...
Read more