Oklahoma Housing Finance Agency (OHFA) presented the 2023 Leading Light Lending Partner awards to the top five producing mortgage lending institutions during its Nov. 15 Board of Trustees meeting.
During the 2023 fiscal year, which ended Sept. 30, 2,348 buyers purchased homes utilizing OHFA’s down payment and closing cost assistance products. Leading Light Lending Partners are responsible for more than one-third of these loans.
Leading Light Lending Partners and their home city include:
First United Bank & Trust, Durant - 242 homeowners
Associated Mortgage Corporation (AMC), Tulsa - 215 homeowners
Gateway Mortgage Group, Dallas - 136 homeowners
Great Plains National Bank, Oklahoma City - 124 homeowners
Stride Bank, Enid - 114 homeowners
In presenting the awards, Valenthia Doolin, OHFA homeownership director, stressed the value of the agency's network of participating mortgage lenders.
"Homeownership offers family and community stability that is unparalleled," said Doolin. "With the help of our participating lenders, we continue to offer light in darkness. Our top five Leading Light Lending Partners represent best practices in helping families reach this foundational goal."
About OHFA's Down Payment and Closing Cost Assistance
Mortgage lenders work with OHFA to provide down payment and closing cost assistance to homebuyers in all 77 counties. Qualified homebuyers receive a 30-year fixed rate low-interest mortgage loan with 3.5 percent down payment assistance. Teachers, first responders, and state employees may also qualify for a special reduced interest rate.
When utilizing an OHFA loan product, buyers who bring their own down payment to the closing table may benefit from a lower interest rate and/or a reduced mortgage insurance coverage requirement on conventional loans.
Buyers interested in purchasing a home by utilizing OHFA's down payment and closing cost assistance can visit www.ohfa.org/homebuyers for more information.