Bank SNB is proud to partner with the Oklahoma Housing Finance Agency to provide mortgage financing and down payment assistance to eligible low- and moderate-income borrowers through the OHFA Dream home loan.
Under the OHFA Dream program, borrowers can choose either conventional financing or FHA financing to obtain down payment assistance up to 5% of the loan amount. These funds can be used for the down payment and/or to help pay for closing costs. The down payment assistance is in the form of a grant rather than a loan and is not expected to be repaid by the borrower.
Under the OHFA Dream program, there is no first-time homebuyer requirement, and the property can be located anywhere in the state of Oklahoma. However, there are income limitations based on household size and the county. The maximum loan amount is $270,975.
For more information on the OHFA Dream program, visit the Oklahoma Housing Finance Agency’s website.
To determine if you qualify for the OHFA Dream program, please contact a Bank SNB mortgage loan officer.