Housing Programs > Down Payment Assistance Program
REI is committed to helping Oklahoma’s working families become proud homeowners by providing down payment and closing cost assistance.
REI Market Rate Program
First mortgages will be sold to the investor of the lender's choice
First Mortgage Loan Types:
FHA 30 year fixed rate 203(b) and 234(c)
Rural Development Guaranteed Loan Program
HUD Section 184
No First Time Homebuyer Requirement
Home Prices: Must conform to first loan program guidelines
Income:
FHA and HUD 184 Loans - 115% of area median income.
Rural Development Loans - based on adjusted household income per Rural Development guidelines
Eligible Properties: Single family, owner-occupied, residential dwellings, including single family detached housing, PUD’s, duplexes (subject to certain restrictions), condominiums, and townhouses. NO MANUFACTURED HOUSING
