Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home. To help home buyers attain homeownership, REI Down Payment Assistance offers the REI Gift100 Program that allows you to offer closing cost and down payment to your borrower.

<strong>REI Gift100 </strong><a href="http://reidownpayment.org/lenders/gift100-2/">(click for more info)</a>
<strong>Down Payment and Closing Cost Assistance</strong>

REI Down Payment Assistance invests in Oklahoma’s future by providing housing opportunities to low income individuals and families. The new statewide REI Gift100 Program provides a competitive first mortgage and down payment and closing cost assistance to eligible mortgagors. The down payment is in the form of a gift, second liens or deed restrictions are not required for this program. The program includes the following loan types:
<ul>
	<li>FHA – 203(b), 234(c) &amp; 203ks (lenders must have an additional approval from U.S. Bank to originate 203ks loans) – 30 year fixed rate</li>
	<li>VA – 203(b) &amp; 234(c) – 30 year fixed rate</li>
	<li>Rural Housing Guaranteed Loan – 30 year fixed rate</li>
	<li>HUD Section 184 – 30 year fixed rate</li>
</ul>
Rate/term refinance on any of the above loan products.<strong>
</strong>