top of page

First-Time Homebuyer Programs

Congratulations on your decision to purchase your first home!

Most commonly, people take advantage of the Federal Housing Administration’s first-time homebuyers program. The FHA guarantees a portion of home loans, which frees lenders to broaden their acceptance standards. With FHA backing, borrowers can qualify for loans with as little as 3.5% down.

Oklahoma Housing Finance Agency (OHFA) is a great option for first-time homebuyers, OHFA offers down payment assistance of up to 3.5%.


Who qualifies for First Time Homebuyers Programs?

  • Must NOT be a current homeowner

  • A minimum credit score of 640

Some credit and income requirements apply depending on the type of first-time homebuyer program you choose.


Contact your First American Mortgage loan officer to learn how we can help you achieve your dream of homeownership.

bottom of page