- State Bond Money Available- 1st Gold Loan (OHFA- Oklahoma Housing Finance Agency - www.ohfa.org)
Effective July 5th, 2012, Rate has been lowered to 4.0% (2012 program), Down Payment Assistance = 3.5% of the sales price
Loan types allowed: FHA, VA, RD and HUD 184
Property eligibility---entire state of Oklahoma- Buyer must have a minimum of 620 credit score.
Seller can pay up to 6% of buyers closing cost/prepaid items for FHA, 4% on VA, and 3% on Conventional.
This is for first time buyers or those that have not owned a home in last 3 years and do not exceed income limits (non-target area) Tulsa County of $60,400 for 1-2 person household and $69,640 for 3 or more person household
Be sure to ask your mortgage professional about the potential recapture tax if you sell within a certain amount of time after getting this loan.
- Tulsa County Bond Money ( Please Note: At this time there is NO MORE of the bond money assistance available. If you would like me to notify you when the next issue comes out please call Gilda 918-808-0224 or send me an email to
Gilda@GreaterTulsa.com
Down Payment Assistance-3.0% of the sales price
Loan types allowed: FHA and VA
Property eligibility---Tulsa County; buyer must have a minimum of 620 credit score
Seller can additionally assist in paying closing costs, making it very affordable to purchase a home.
No repayment is ever required for Tulsa County Bond 3% down payment assistance. No second mortgage is filed.
This is for home buyers that do not currently own a home (if you have a home to be sold it has to close first. Income Limits apply per total household income
- Rural Development Financing (RD) ( I love this loan program because it is no down payment and closing can be paid by seller or financed into the loan. You literally can buy a home for less than a rent deposit if you have a credit score of 620 or above)
This loan is for qualifying areas outside of City of Tulsa (We have been told that Glenpool and Owasso will soon be out of the target areas that qualify at the end of March 2013 due to population increases.)
*No Cash Reserve Requirements!
*102% of Appraised Value to Cover Closing Costs!
*No Cap on mortgage amount other than the Appraisal (plus USDA-RD Fee)!
*6% Seller Concessions Allowed to cover closings costs!
*Gifts allowed and DO NOT NEED to come from relative!
*30 year fixed
*All Closing Costs can be included in the loan as long as the property appraises!
*Try USDA-RD BEFORE FHA because requires NO DOWN PAYMENT, whereas FHA requires 3.5% Down!
*USDA-RD has lower mortgage insurance than FHA thus lower payments than FHA
*Standard Site Built Homes. No MFH, Modular, Log, etc.
*First Time Home Buyers Allowed or those that just sold a home and are purchasing again!
*Minimum credit score of only 620-640 on all borrowers to go No Money Down!
*No Declining Markets, all available at 100% LTV!
*http://eligibility.sc.egov.usda.gov Click here to see if your homes address is eligible for this financing
- Veteran Loans (VA)
This 100% no down payment loan for anyone who has served, or is now serving in our Military. Your funding fee may be waived if you have a documented disability. If you can get the seller to pay your up to 4% in closing costs you can move in for very little! Income limits do not apply and you do not have to be a first time buyer.
Find out if you qualify for one of the above loans and allow me to help you find your piece of the American Dream! I can personally assist you from day ONE all the way to the closing with no cost to you for my services, I get paid from the Real Estate Company that is marketing the home you find.
Call, Text, or E-mail Gilda, "Your Realtor of Choice for information regarding these 100% home financing programs"
Gilda@GreaterTulsa.com
(918) 808-0224
Gilda's Past Buyer Client Testimonials (40+ Reviews)
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Gilda Krantz-Smith
Realtor®/Consultant
Chinowth & Cohen Realtors®
Interest Rates are at some of their lowest levels in history.
Take advantage of your buying power today!
Call, text or Email Gilda, 918-808-0224 to get started with finding you a home today!
Click here to search our local Realtor® MLS Database of Homes for Sale.
You will be amazed at how much home you can get for your payment in this market at this time
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