How much down payment do I need to buy a house in Oklahoma?

You can buy a home in Oklahoma with as little as 0% down (VA/USDA), 3% down ($5,850 conventional), or 3.5% down ($6,825 FHA) on the median-priced home of $195,000.

What income do I need to buy a home in Oklahoma?

To afford the median-priced home in Oklahoma ($195,000) with a 30-year mortgage at 6.1%, you typically need a household income of approximately $47,834 per year (using the 28% rule). The median income in Oklahoma is $55,826.

What is the FHA loan limit in Oklahoma for 2026?

The FHA loan limit in Oklahoma for 2026 is $472,030. This means first-time buyers using FHA loans can finance up to this amount with just 3.5% down payment.

First-Time Home Buyer Oklahoma 2026

Q: What first-time home buyer programs are available in Oklahoma?

Oklahoma offers 2 major first-time buyer programs including OHFA Homebuyer DPA, OHFA HERO Program. These programs provide grants, forgivable loans, and below-market rates to help with down payment and closing costs.

Your complete guide to buying your first home in Oklahoma. 2+ down payment assistance programs, FHA loans from 5.9%, and step-by-step guidance.

Median Price

$195,000

Min Down (FHA)

$6,825

DPA Programs

Best Rate

5.9%

Check My Oklahoma Eligibility

What First-Time Buyer Programs Are Available in Oklahoma?

Oklahoma offers 2 major first-time home buyer assistance programs. These include OHFA Homebuyer DPA, OHFA HERO Program. Programs provide up to 3.5% of loan in down payment assistance through grants, forgivable loans, and below-market interest rates.

How Much Do I Need to Buy in Oklahoma?

You can buy a home in Oklahoma with as little as $0 down. VA and USDA loans require zero down payment. FHA loans need just 3.5% ($$6,825), and conventional loans start at 3% ($$5,850) on the median price of $195,000.

Loan Type	Down Payment	$ Amount	Monthly P&I	Min Credit
VA Loan	0%	$0	$1,150	620
USDA Loan	0%	$0	$1,182	640
Conventional 3%	3%	$5,850	$1,146	620
FHA Loan	3.5%	$6,825	$1,116	580
Conventional 20%	20%	$39,000	$945	620

Oklahoma Down Payment Assistance Programs

OHFA Homebuyer DPA

DPA as grant or second mortgage

Up to 3.5% of loangrant

OHFA HERO Program

Extra DPA for military and first responders

Up to $3,500grant

5 Steps to Buy Your First Home in Oklahoma

To buy your first home in Oklahoma, start by checking your credit score, getting pre-approved, and researching DPA programs. The entire process typically takes 30-60 days from pre-approval to closing. Here's your step-by-step roadmap.

Check Your Credit & Finances

Review your credit score (aim for 620+), calculate your debt-to-income ratio, and save for closing costs. In Oklahoma, you may need as little as $6,825 for an FHA down payment.

Get Pre-Approved

Compare rates from at least 3 lenders. Current Oklahoma rates: 6.1% (30-year), 5.9% (FHA). Pre-approval shows sellers you're serious and locks your rate.

Apply for Oklahoma DPA Programs

Oklahoma has 2+ DPA programs. The OHFA Homebuyer DPA offers up to 3.5% of loan. Apply early—funding can be limited.

House Hunt & Make an Offer

Popular cities in Oklahoma: Oklahoma City, Tulsa, Norman, Broken Arrow, Edmond. Median price is $195,000 (+5.5% YoY). Work with a local real estate agent who knows the market.

Close on Your New Home

Closing costs in Oklahoma typically run 2-5% of the purchase price ($5,850-$9,750). Some DPA programs also cover closing costs.

Start Your Oklahoma Home Buying Journey

Get pre-approved in minutes and see what you qualify for.

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Oklahoma First-Time Buyer FAQ

What first-time home buyer programs are available in Oklahoma?

Oklahoma offers 2 major programs: OHFA Homebuyer DPA, OHFA HERO Program. These provide grants, forgivable loans, and below-market rates for down payment and closing cost assistance.