The Oklahoma Housing Finance Agency administers the Housing Stability Program. This brand-new program provides 0% construction financing for builders and developers to increase the number of homes available for purchase across the state.
Once these homes are built, OHFA Participating Lenders will have the option to provide eligible homebuyers with an enhanced 5% of the total loan amount in addition to our existing 3.5% available toward homebuyers required down payment and closing costs.
The OHFA Single Family Team will walk participating lenders, loan originators, processors, underwriters, and closers through the process. of applying for Housing Stability Program Enhanced DPA on behalf of eligible homebuyers.
Training for Participating Lenders on this enhanced DPA opportunity will be provided via Zoom webinar August 27, 2024 10:00 am. Attendance at the live webinar will be capped at 500. To accommodate as many as possible, the webinar will be recorded and made available for future viewing beyond August 27.