HOME Down Payment & Closing Cost Assistance (OK)

City of Oklahoma City (administered by Community Action Agency of OKC) · City of Oklahoma City, Oklahoma

Type not verified Offered

At a glance: Up to $18,000 (plus up to $5,000 rate buydown). Checked against the official page on Nov 3, 2026.

Program details
Assistance type	Not verified on the official page — check the source
Amount	Up to $18,000 (plus up to $5,000 rate buydown)
Income limit	Not verified on the official page — check the source
Purchase price limit	$219,000 (existing home) / $288,000 (new construction)
First-time buyer rule	Not verified on the official page — check the source
Status	Offered
Status note	Not verified on the official page — check the source
Details	Needs-based. An additional $5,000 is available to buy down the interest rate. Liquid assets over $15,000 must go toward the purchase. Secured by a deferred note and second mortgage that is released after 10 years (plus 60 days) if you keep living in the home; the home must pass a CAA Housing Quality Standards inspection and cannot be in a 100-year flood zone. Only some areas of the city qualify (see CAA's funding-area map).
Official source	https://www.caaofokc.org/wp-content/uploads/2026/03/OKC-DPA-Program-Guidelines-for-Realtor (opens in new tab)
Last checked	Nov 3, 2026 (automated fetch)

Go to the official program page ↗ Report a correction

Other Oklahoma programs

OHFA Homebuyer Down Payment and/or Closing Cost Assistance — 3.5% of the total loan amount

← All Oklahoma programs · Check eligibility · Compare with other programs

Common questions

How much is HOME Down Payment & Closing Cost Assistance?

Up to $18,000 (plus up to $5,000 rate buydown) (per the official page, checked Nov 3, 2026).

How does HOME Down Payment & Closing Cost Assistance work?

Needs-based. An additional $5,000 is available to buy down the interest rate. Liquid assets over $15,000 must go toward the purchase. Secured by a deferred note and second mortgage that is released after 10 years (plus 60 days) if you keep living in the home; the home must pass a CAA Housing Quality Standards inspection and cannot be in a 100-year flood zone. Only some areas of the city qualify (see CAA's funding-area map).

Is HOME Down Payment & Closing Cost Assistance still available in 2026?

The official page listed it as offered when we last checked on Nov 3, 2026. Funding can change, so confirm with the administrator.

Who runs HOME Down Payment & Closing Cost Assistance?

City of Oklahoma City (administered by Community Action Agency of OKC), City of Oklahoma City, Oklahoma. Apply through the program or one of its participating lenders.