OHFA has announced a new bond allotment set for September 23, 2008. There will be $40,000,000 for the state of Oklahoma. The rate has not been set but it projected to be around 7%.
The funds are available for down payment assistance not to exceed 3% and are available to first-time home buyers. The definition of first-time home buyers is someone who has not owned a home in the last three years. A displaced spouse as a result of a divorce is also allowed.
Bond money is allowed for anyone who purchases a home in a "target" area.
The funds are on a first-come, first-served basis.
For more information please call me.
Karen Heston - kheston@bokf.com
BOk Mortgage 918-488-7353
800-947-2655 x-7353
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