Down payment assistance programs can be a valuable resource for homebuyers in Bartlesville, Oklahoma, who need help covering the upfront costs of purchasing a home. These programs are often offered by government agencies, non-profits, or local organizations and can provide grants, low-interest loans, or other forms of assistance to eligible buyers.

Below is an overview of potential down payment assistance programs and resources in Bartlesville, Oklahoma:

1. Oklahoma Housing Finance Agency (OHFA)

• OHFA offers several down payment assistance programs for first-time homebuyers and qualifying repeat buyers in Oklahoma, including Bartlesville.

• Programs:

  • OHFA Down Payment Assistance Grant: Provides up to 3.5% of the loan amount for down payment and closing costs. This is a grant, so it does not need to be repaid.

  • OHFA Gold Program: Offers a low-interest mortgage with down payment assistance.

• Eligibility: Income limits, credit score requirements, and homebuyer education courses may apply.

2. City of Bartlesville Programs

• The City of Bartlesville may offer local housing assistance programs or partnerships with non-profits to help residents with down payments and closing costs.

• Contact the Bartlesville Community Development Department to inquire about any available programs.

• Contact: City of Bartlesville, (918) 338-4282.

3. NeighborWorks Northeastern Oklahoma

• NeighborWorks is a non-profit organization that provides homebuyer education, counseling, and down payment assistance to eligible buyers in northeastern Oklahoma, including Bartlesville.

• Programs:

  • Down payment assistance grants or loans.

  • Homebuyer education courses to help buyers prepare for homeownership.

• Eligibility: Income limits and other requirements apply.

4. USDA Rural Development Loans

• Bartlesville is located in an area that may qualify for USDA Rural Development loans, which offer 100% financing (no down payment required) for eligible buyers in rural areas.
• Eligibility: Income limits and property location requirements apply.

5. VA Loans (for Veterans and Active Military)

• If you are a veteran, active-duty service member, or eligible spouse, you may qualify for a VA loan, which requires no down payment.

• Eligibility: Must meet VA service requirements.

6. FHA Loans with Down Payment Assistance

• FHA loans allow for a low down payment (as low as 3.5%) and can be combined with down payment assistance programs to reduce upfront costs.

• Work with an FHA-approved lender in Bartlesville to explore this option.

7. Local Banks and Credit Unions

• Some local banks and credit unions in Bartlesville may offer down payment assistance programs or special first-time homebuyer loans.

• Examples:

  • Arvest Bank

  • RCB Bank

  • Bartlesville Federal Credit Union

8. Habitat for Humanity

• Habitat for Humanity may offer affordable homeownership opportunities and assistance programs in Bartlesville for low-income families.

9. Oklahoma Department of Commerce

• The Oklahoma Department of Commerce may have additional resources or programs for homebuyers in Bartlesville.

Tips for Applying:

• Check Eligibility: Each program has specific income limits, credit score requirements, and other criteria.

• Homebuyer Education: Many programs require completing a homebuyer education course.

• Work with a Realtor: A local realtor familiar with Bartlesville can help you navigate available programs.

For the most accurate and up-to-date information, contact the organizations directly or consult with a housing counselor in Bartlesville.