Oklahoma Homeowner
Assistance Fund

Homeowners who are socially disadvantaged may qualify if they are at or below 150% of the Area Median Income.  Socially Disadvantaged indicators include the following:

• Member of a group that has been subjected to racial or ethnic prejudice or cultural bias within American Society: African American, Hispanic/Latino, Native American, LGBTQ+,
• First-generation homeowner
• A resident of a minority-majority census tract
• Individuals with limited English proficiency
• A resident of a US Territory, Indian reservation, or Hawaiian Home Land
• An Individual who lives in a persistent poverty county, meaning any county that has had 20% or more of its population living in poverty over the past 30 years as measured by the three most recent decennial censuses.Oklahoma Persistent Poverty Counties include: Adair, Caddo, Cherokee, Choctaw, Greer, Harmon, Haskell, Hughes, Johnston, McCurtain, Okfuskee, Payne, Pushmataha, Seminole, Sequoyah, and Tillman

• Reinstatement of delinquent mortgage
• Mortgage payment assistance for reinstated homeowners
• Mortgage deferral amount, partial claim amount, or principal reduction amount
• Delinquent property tax
• Restoration of  homeowner’s insurance after delinquency or cancellation
• Delinquent Homeowners Association (HOA) Dues

• Eligible mortgages must be a residential mortgage secured by an instrument of government or government-sponsored entity or financed by a nonprofit, bank, credit union, or mortgage company that adheres to the widely accepted mortgage lending and mortgage servicing practices monitored by the Consumer Federal Protection Bureau or a builder-financed mortgage loan or manufactured home retail financing entity.
• Excluded mortgages include seller-financed transactions, rent-to-own transactions, and family-financed transactions.

The mortgage Loan amount cannot exceed the conforming loan limit for the loan type in the year of loan origination.