For many Oklahomans, buying a home is one of life’s biggest milestones. Yet, the barrier to entry often comes down to one thing: the upfront costs. Between saving for a down payment, covering closing costs, and meeting loan requirements, the dream can feel just out of reach.

That’s where the Oklahoma Housing Finance Agency (OHFA) Down Payment Assistance Program steps in. This program makes it possible for more families to own homes by providing up to 3.5% of the loan amount to help with down payments and closing costs. For those searching homes for sale near me—whether in Bryan County, Kingston, Durant, or across the Red River into Texas—this program can be a game changer. And with experienced professionals like Brian & Jonelle of B&J Co. | INC Realty, navigating the process becomes smoother and less overwhelming.

What is OHFA Down Payment Assistance?

The OHFA program provides down payment assistance for buyers using FHA, USDA, VA, HUD-184, or qualifying conventional loans. Here’s what makes it appealing:

• Assistance equals up to 3.5% of the total mortgage loan.

• It applies statewide across all 77 counties in Oklahoma.

• Both first-time and repeat buyers can qualify under certain programs.

• Buyers must use the home as their primary residence.

Think about it this way: on a $200,000 home, OHFA could provide $7,000 toward your upfront costs. That’s often the difference between waiting years to save—or owning a home today.

Who Qualifies?

While every buyer’s situation is unique, here are the general requirements:

• Credit Score: At least 640.

• Debt-to-Income Ratio: Generally 45% or less.

• Income Limits: Vary by county, program, and household size (often capped around $150,000).

• Purchase Price Limits: Typically $310,600 or less, though targeted areas may have higher caps.

OHFA programs fall into two major categories:

• Gold Program – geared toward first-time buyers, though waived in some areas.

• Dream Program – available to first-time and repeat buyers, offering flexibility in how assistance is applied.

Why It Matters in Texoma and Southeastern Oklahoma

For buyers seeking texoma homes for sale or exploring southeastern Oklahoma options, OHFA support can make homeownership achievable. Many homes in the region fall well below the $300,000 purchase cap, making them excellent candidates for assistance.

And unlike bigger metro areas, rural Oklahoma communities often feature properties with larger lots, peaceful neighborhoods, and rich ties to historic Oklahoma. With down payment assistance in play, families can more easily transition from renting to owning—anchoring themselves in the communities they love.

Real Examples of Homes Under $300K in Texoma

Let’s look at a few examples of actual homes for sale near me that fall under the $300,000 threshold and could work with OHFA down payment assistance.

Listing

Property	Location	Price	Why It Matters
10826 Post Oak Rd, Kingston, OK	Kingston, OK (Lake Texoma area)	$155,000	A 3-bedroom, 1-bath home at an affordable price point. With OHFA’s 3.5% assistance, buyers could receive about $5,425 toward their purchase. Perfect for first-time buyers in Southeastern Oklahoma.
6108 Dixie St, Kingston, OK	Kingston, OK	$264,750	A 3-bedroom, 2-bath property near Lake Texoma. Assistance here could provide nearly $9,266 toward upfront costs, helping bridge the gap for mid-range buyers.
13883 Holiday Park Dr, Kingston, OK	Kingston, OK	$279,900	A larger 3-bedroom, 2-bath home (~1,670 sq ft). If eligible, OHFA assistance could mean almost $9,796 in help. This is near the upper range, so county purchase price limits must be confirmed.
Homes in Durant, OK	Durant and surrounding towns	$200K–$250K range	Durant features numerous homes under OHFA’s purchase cap. For example, a $220,000 home could mean $7,700 in assistance—enough to cover most or all of a down payment.

These examples show how OHFA support transforms listings from “maybe someday” into “possible today.”

The Numbers in Action

Here’s a snapshot of how OHFA could apply:

• $150,000 home → $5,250 assistance

• $200,000 home → $7,000 assistance

• $250,000 home → $8,750 assistance

• $280,000 home → $9,800 assistance

For many buyers in Texoma and Southeastern Oklahoma, these numbers mean the difference between needing years of savings or stepping into ownership now.

Tips for Buyers Considering OHFA

1. Get Pre-Approved Early – Work with an OHFA-approved lender to know your purchase cap and eligibility before house hunting.

2. Check Your Credit – Aim for a 640+ score; take steps to pay down debt or resolve issues if you’re close.

3. Work With a Realtor Near Me – Local knowledge matters. A top Texoma realtor like Brian & Jonelle can help identify which homes qualify and guide you through lender requirements.

4. Understand the Silent Second – The OHFA assistance comes as a second lien on your property. You don’t make payments on it, but it must be repaid if you sell, refinance, or change ownership.

5. Focus on Long-Term Affordability – While assistance helps with the upfront costs, remember to budget for taxes, insurance, and maintenance.

How B&J Co. | INC Realty Helps

While OHFA provides the funds, navigating the process requires expertise. Brian & Jonelle of B&J Co. | INC Realty have years of experience helping buyers across Texoma and Southeastern Oklahoma:

• They know which counties, neighborhoods, and homes align with OHFA purchase price caps.

• They connect clients with trusted OHFA-approved lenders.

• They simplify paperwork and deadlines, making the process less stressful.

• Most importantly, they combine deep community knowledge with a kind, client-first approach.

For buyers searching homes for sale near me or comparing texoma homes for sale, having guidance from a top Texoma realtor can make the difference between missed opportunities and successful homeownership.

Final Thoughts

The OHFA Down Payment Assistance Program is one of the most valuable tools available to Oklahoma buyers today. By reducing the upfront costs of purchasing, it opens doors for families who may otherwise struggle to enter the market.

In Southeastern Oklahoma and across Texoma, where home prices often fall comfortably under the program’s limits, this assistance can be the key to securing a home. From the $155,000 starter in Kingston to the $279,900 family home near Lake Texoma, OHFA provides the boost needed to make the dream of ownership a reality.

When paired with experienced guidance from Brian & Jonelle of B&J Co. | INC Realty, the path to homeownership becomes less intimidating and more achievable. Whether you’re a first-time buyer or looking to transition into a new chapter, this program is worth exploring.