HomePath First-Time Buyer Program
HOMEBUYERS
Get Started
Neighborhood Housing Services Oklahoma has partnered with WEOKIE Federal Credit Union a create a new First-Time Buyer Program. This program is lender-specific, meaning you must qualify for a first mortgage through WEOKIE Federal Credit Union
HomePath Homebuyer Program
Key Highlights about the HomePath Program
- Must be first-time homebuyer, or haven’t owned a home in the past 3 years
- Subject property can be located anywhere in Oklahoma
- Property to be your primary residence
- Property to be move-in ready
- WEOKIE FCU provides first mortgage, NHSOKLA provides 15-year second mortgage equal to 20% of purchase price, giving you 100% financing and eliminating PMI
- Interest rate for 2nd mortgage set at 0.5% higher than first mortgage rate
- Homebuyer Education and Pre-Purchase Housing Counseling required
- WEOKIE provides a grant of up to $7,500 towards closing costs
- Maximum sales price – $250,000
- The borrower’s total annual income must not exceed 120% of the AMI
- Credit score minimum of 620
- All household members must provide proof of U.S. Citizenship or Resident Alien Status
- Available anywhere in the State of Oklahoma
For more detailed information and to apply for the program visit the website www.weokie.org/homepath
