HomePath First-Time Buyer Program


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Neighborhood Housing Services Oklahoma has partnered with WEOKIE Federal Credit Union a create a new First-Time Buyer Program. This program is lender-specific, meaning you must qualify for a first mortgage through WEOKIE Federal Credit Union

HomePath Homebuyer Program

Key Highlights about the HomePath Program

  • Must be first-time homebuyer, or haven’t owned a home in the past 3 years
  • Subject property can be located anywhere in Oklahoma
  • Property to be your primary residence
  • Property to be move-in ready
  • WEOKIE FCU provides first mortgage, NHSOKLA provides 15-year second mortgage equal to 20% of purchase price, giving you 100% financing and eliminating PMI
  • Interest rate for 2nd mortgage set at 0.5% higher than first mortgage rate
  • Homebuyer Education and Pre-Purchase Housing Counseling required
  • WEOKIE provides a grant of up to $7,500 towards closing costs
  • Maximum sales price – $250,000
  • The borrower’s total annual income must not exceed 120% of the AMI
  • Credit score minimum of 620
  • All household members must provide proof of U.S. Citizenship or Resident Alien Status
  • Available anywhere in the State of Oklahoma

For more detailed information and to apply for the program visit the website www.weokie.org/homepath