New REI Limits Released

 


For many Oklahoma homebuyers, the biggest challenge is not qualifying for a mortgage, it's coming up with the cash needed for a down payment and closing costs. That's where the REI Home100 Program can make a significant difference.

What Is REI Home100?

REI Oklahoma is a nonprofit organization that offers down payment and closing cost assistance to eligible homebuyers throughout Oklahoma. The Home100 program works alongside FHA, VA, USDA, and HUD 184 mortgage programs and is designed to help buyers reduce upfront costs associated with purchasing a home.

One of the most attractive features is that borrowers do not have to be first-time homebuyers to participate.

New Income Limits Open More Opportunities

The newly released 2026-2027 income limits increase eligibility for many Oklahoma families.

For example:

  • Tulsa County: Up to $142,500 for 1-2 person households and $166,250 for households with 3 or more people
  • Oklahoma County: Up to $145,950 for 1-2 person households and $170,275 for households with 3 or more people

Many buyers who previously assumed they earned too much may now qualify.

Assistance Options Available

The REI Home100 Program currently offers gift assistance ranging from 3% to 5% of the loan amount.

These funds may be used for:

  • Down payment requirements
  • Closing costs
  • Prepaid expenses
  • Eligible mortgage-related fees

There is also a hybrid option available for certain FHA and HUD 184 borrowers that combines gift funds with a second mortgage assistance program.

Why Realtors Should Pay Attention

Many buyers today have sufficient income to qualify for a mortgage but struggle to save enough cash for closing. REI Home100 can help bridge that gap and create more opportunities for homeownership.

When agents understand available assistance programs, they can help more buyers move from renting to owning and keep transactions moving forward.

Final Thoughts

The updated REI Home100 income limits and assistance options make this program one of the strongest down payment assistance resources available in Oklahoma. If you have questions about eligibility, income limits, or how the program works with FHA, VA, USDA, or HUD 184 financing, we can help evaluate the options.

Click here to book a phone chat: https://scheduler.zoom.us/d/l8xc6xmy/phone-chat-with-mike

Or call/text 918-361-1550 to discuss your situation and see what programs may fit your needs.

Location: Tulsa, OK, USA

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