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First-Time Homebuyer Programs

Congratulations on Taking the First Step toward homeownership!

Many first-time homebuyers choose to leverage the Federal Housing Administration's program. FHA's support guarantees a portion of home loans, allowing lenders to expand their acceptance criteria. With FHA backing, borrowers can qualify for loans with as little as 3.5% down.

Consider the Oklahoma Housing Finance Agency (OHFA) as an excellent option for first-time homebuyers. OHFA extends down payment assistance of up to 3.5%.

Who qualifies for First-Time Homebuyer Programs?

  • Must not currently own a home.

  • Minimum credit score of 640.

  • Specific credit and income requirements vary based on the chosen first-time homebuyer program.

Contact your First American Mortgage loan officer to discover how we can assist you in realizing your dream of homeownership.

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