Down Payment and Closing Cost Grant

Our Down Payment & Closing Cost Grant provides assistance with all costs associated to the closing of a home mortgage loan in Caddo, Comanche, Cotton, Kiowa and Tillman Counties in Oklahoma. During the last six months of the fiscal year (April-September), this grant is available to Tribal members statewide.

NOTE: To qualify for this program, check to make sure you meet the income eligibility requirements.

Applicants must complete the application and attach the pre-approval letter and supporting documents in order to start the application review process. Contact smahan@comanchehousing.com for more information about the review process.

Grant Application

Please complete the application and provide the following documentation listed below.

Copy of the loan approval letter from bank
Copy of the contract and estimated closing cost
Copy of last 2 pay stubs
Complete copy of last year’s tax returns (if self-employed, complete copy of last year’s Tax Returns, including ALL schedules)
If Social Security, Retirement or Disability income is used, you must have a copy of your most recent awards letter showing the monthly benefit
Copy of driver’s license and social security card for each applicant (not required for children)
Copy of CDIB cards

Complete Application Complete Zero Income Certification Complete Information Release Form

Your Input Matters: Complete the Down Payment & Closing Cost Grant Survey

Complete the Survey

Funding Amount

As the homeowner, you are responsible for informing our team of all costs related to the purchase of your home, including down payment, earnest money, appraisal fee, home inspection, etc. The maximum amount available for the purchase of an individual unit is as follows:

a. Maximum grant amount within the service area – $15,000.

b. Outside the CNHA five county service area, but within the State of Oklahoma, the maximum grant amount for any applicant – $15,000. (Only during the last six months of the fiscal year and only if budgeted funds are available)

The amount awarded to each grant recipient cannot exceed the amount necessary to close, up to the stated maximum grant amount.

Additionally, one of the requirements will include participating in the Fannie Mae HomeView course. This course is designed to empower first-time homebuyers with knowledge through the homebuying process. It provides comprehensive information, tools, and resources, covering various aspects of homeownership, from understanding your housing needs to prepping for the mortgage loan process.

To access the course, click here: Fannie Mae HomeView – Homeownership Education Course

Once we receive a settlement statement from the lender, the DP & CC grant funds will be issued on the next available check day.

FAQ

What areas are eligible to participate in the Down Payment and Closing Costs Program?

The service area for the program include Caddo, Comanche, Cotton, Grady, Kiowa, Stephens and Tillman Counties in the state of Oklahoma. Applicants outside of the CNHA service area, but within the State of Oklahoma, are eligible ONLY during the last six months of the fiscal year.

If an application is submitted after the closing of a house, can the applicant receive the Down Payment & Closing Cost grant money?

No, the grant money will be paid directly to the closing company unless otherwise agreed upon between CNHA and the client. For example, if some of the grant money is to be used for a home inspection, then the applicant will need to submit the invoice so that payment can be made directly to that service provider.

Are there income guidelines for the Down Payment and Closing Cost Grant?

Yes.

What is the maximum amount I can receive through the Down Payment and Closing Cost Grant?

$15,000.00

Do I have to repay the Down Payment & Closing Cost Grant that I receive from the CNHA?

Not if you do not sell the house in accordance with the terms of the Useful Life Agreement. Call for more information.

What expense does the Down Payment & Closing Cost Grant Cover?

Earnest money, appraisal fee, home inspection fee or any other monies needed for closing.

Do I have to be a first time homebuyer to qualify for the Down Payment and Closing Cost Grant?

No, but you cannot have been a previous recipient of the grant.

How do I get qualified for a Down Payment and Closing Cost Grant through the CNHA?

Client must fill out a complete application.

Are you eligible for Affordable Housing?

Check My Eligibility