|OKLAHOMA CITY – Oklahoma Housing Finance Agency presented the 2015 Diamond Awards to the top 10 producing lenders in its OHFA Advantage Homebuyer Program during its September Board of Trustees meeting. In the past 12 months, the Diamond Award recipients assisted 608 Oklahoma homebuyers with mortgage loans totaling $70 million.
Through OHFA Advantage, OHFA partners with various mortgage lenders across the state to provide assistance to homebuyers in all 77 counties. Qualified homebuyers receive a 30-year fixed rate low-interest mortgage loan with a 3.5 percent or 5.0 percent down payment grant. Individuals with a minimum credit score of 640 can purchase a home priced at $271,000 or less depending on their choice of mortgage product.
Unlike most types of down payment assistance, OHFA Advantage down payment grants never have to be paid back under any condition.
“OHFA Advantage down payments grants remove a big financial burden for many Oklahomans wanting to become homeowners for the first time or the second time,” said OHFA Single Family Programs Director Lee Ann Smith. “Our grants combined with our network of trustworthy lenders make OHFA Advantage the easy choice for many homeowners.”
The 2015 Diamond Award recipients and their headquarters:
Arvest Bank (Lowell, Ark.)
Bank of Commerce (Yukon)
Bank of Oklahoma (Tulsa)
Cornerstone Home Lending (Houston, Texas)
First American Mortgage (Yukon)
First Mortgage Company (Oklahoma City)
First United Bank and Trust (Durant)
Gateway Mortgage Group (Irving, Texas)
Republic Bank and Trust (Norman)
WR Starkey Mortgage (San Bernindo, Calif.)
OHFA Advantage currently has participating lenders with 200 offices throughout the state. Lenders who meet specific guidelines can be added as a participating lender.
Anyone interested in learning more about OHFA Advantage can visit www.oklahomahomebuyers.org or call the Homebuyer Hotline toll-free at 1-888-937-1122.
As Oklahoma’s largest provider of affordable housing, OHFA offers nine housing programs ranging from “OHFA Advantage” for home ownership to housing development and rental assistance. For more information about OHFA and its programs and services, visit www.ohfa.org.