The Homeownership Program

The Homeownership Program is an eight-hour course, divided into three sessions: Orientation, Homebuyer Education, Credit and Budget Counseling. Once applicants complete the course, they may be eligible for down payment assistance through the Housing Partners of Tulsa, Inc.

Available Assistance
After completing the Homebuyers Education classes, Housing Partners of Tulsa, Inc. (HPT) may be able to assist first-time homebuyers with a portion of the purchase price up to $5,000, which goes toward the down payment and/or closing costs.

Eligibility Requirements
To be eligible for the assistance funds, all applicants must be first-time homebuyers who have not owned a primary residence in the past three years and are required to provide 1% of the purchase amount. Their annual household income must also fall under a set limit (shown below).

Property Requirements
Any home purchased with assistance funds must be located within the city limits of Tulsa and serve as the homebuyer’s primary residence. The property must be able to pass HOME/COT Code Inspection and a Lead-based Paint Inspection if applicable, and fall within the following purchase price limits.

For existing homes:
1-unit: $147,000
2-unit: $188,000
3-unit: $228,000
4-unit: $283,000
 
For new constructions:
1-unit: $227,000
2-unit: $291,000
3-unit: $352,000
4-unit: $436,000
 
Income Limits
1-person household: $39,050
2-person household: $44,600
3-person household: $50,200
4-person household: $55,750
5-person household: $60,250
6-person household: $64,700
7-person household: $69,150
8-person household: $73,600
 
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.