OHFA 184 Indian Home Loan Program | Oklahoma Housing 2025

OHFA 184 Indian Home Loan Program is administered by the Oklahoma Housing Finance Agency (OHFA) or a

partnering local entity to promote affordable homeownership and neighborhood revitalization statewide.

Eligible borrowers benefit from 1.25% ufmip and 2.25% down payment plus fixed‑rate first mortgages and free

homebuyer education. The assistance can be layered with FHA, VA, USDA, or conventional loans and, in many

cases, OHFA’s Mortgage Credit Certificate for up to $2,000 in annual federal tax savings. 2025 income and

purchase‑price limits follow HUD’s Area Median Income (AMI) guidelines and are updated annually. Properties

must be used as primary residences and meet minimum property standards. Certain down‑payment assistance loans

are forgiven after a defined occupancy period, reducing long‑term liability. Funds are reserved through

OHFA‑approved lenders and disbursed at closing to lower out‑of‑pocket costs.

• Household income ≤ 2025 OHFA limits for the county and household size.

• Purchase price (or after‑rehab value) ≤ OHFA/city cap for location and property type.

• Minimum 640 credit score; maximum debt‑to‑income ratio 45 % (exceptions per insurer).

• Completion of HUD‑approved homebuyer education prior to closing.

• Property must be a 1‑4 unit primary residence, condo, or manufactured home on a permanent foundation.

• 1.25% UFMIP and 2.25% down payment applied toward down payment, closing costs, rehabilitation, or principal reduction.

• Fixed 30‑year interest rates, often below market (program dependent).

• Ability to combine with OHFA Mortgage Credit Certificate for $2,000 annual federal tax credit.

• Free default‑prevention counseling and post‑purchase resources.

1. Review county income and purchase‑price charts on ohfa.org.

2. Secure pre‑approval with an OHFA‑participating lender and reserve program funds.

3. Complete HUD‑approved homebuyer education online or in person.

4. Execute a purchase agreement; lender finalizes underwriting and locks OHFA rate.

5. Attend closing—OHFA funds are wired to cover eligible costs. Occupy the home within 60 days.