The REI Home100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma. Depending on the program you use, the down payment/closing cost assistance can be in the form of a gift to the borrower, or a second mortgage that forgives after 7 years of living in the home. The program is created to fulfill REI’s mission to provide housing opportunities to low income individuals and families. REI is a 501(c)3 Non-profit organization.
REI works with lenders across the state to provide down payment assistance of 0%, 3.5%, 4%, or 5% of the total first mortgage loan amount to eligible individuals and families. Please click on the Frequently Asked Questions below for more detailed information.
REI Home100 Government Loan Program FAQ (click for more info)
REI Home100 Conventional Loan Program FAQ (click for more info)