Unlock Your Path to Homeownership with the "First Home Program" in Tulsa County
In December 2024, the Tulsa County Home Finance Authority (TCHFA) introduced the First Home Program, a groundbreaking initiative aimed at helping first-time homebuyers in Tulsa County achieve their dreams of owning a home. As a proud participating lender, we are thrilled to bring you this incredible opportunity, complete with financial assistance, favorable loan terms, and a below-market interest rate.
Program Highlights
The First Home Program is designed with first-time homebuyers in mind, offering the tools and resources needed to make homeownership more accessible and affordable. Here are the key features of this exciting program:
- Eligible Area: Tulsa County, Oklahoma.
- Eligible Borrowers: Buyers and their spouses (even if not purchasing) must be first-time homebuyers.
- Loan Types: FHA, VA, and USDA-RD loans are accepted.
- Down Payment Assistance (DPA): A 3.5% forgivable second mortgage at 0% interest, forgivable after five years of compliance.
- Interest Rate (as of 1/3/2025): 5.875%, which is lower than the current market rate, making monthly payments even more affordable.
- Income & Sales Price Limits: The program includes specific limits, which you can review here.
- Credit Requirements: A minimum FICO score of 620 is needed.
Why the First Home Program Is Perfect for You
The First Home Program combines financial assistance with favorable loan terms to make homeownership more accessible for first-time buyers. Whether you're looking to settle down in a family-friendly neighborhood or searching for a space to call your own, this program can help you achieve your goals.
Ready to Take the Next Step?
As one of the participating lenders, we’re here to make your journey as smooth and straightforward as possible. Here's how to get started:
Pre-Qualification: Contact us to determine your eligibility and explore your options.
Contact Us Today!
Our team is ready to guide you through the process and answer any questions about the First Home Program.
- Phone: 918-361-1550
- Email: Mike@OMGHomeLoans.com
- Schedule a phone chat now!
Don't miss out on this opportunity to own a home in Tulsa County with a lower-than-market interest rate and invaluable financial assistance. Contact us today to learn more or to start your application!
For detailed program information, visit the Tulsa County Home Finance Authority's website.
By combining a competitive rate, significant financial aid, and local expertise, the First Home Program is truly the key to turning your homeownership dreams into reality. Let us help you make it happen!
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