LENDERS

OHFA's Mortgage Lending Partners help buyers finance and purchase homes with the help of down payment and closing cost assistance. Learn more about the opportunities OHFA offers for homebuyers.

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LOAN PROGRAM GUIDANCE

Steps to Loan Submission Success

1. Receive fully executed purchase contract.

2. Review and select appropriate OHFA loan product.

3. Reserve OHFA loan product in Lender Portal.

4. Submit loan to lender underwriting.

5. Upload underwritten loan with required documents (in one pdf document) to the loan in the lender portal.

6. Email notification of compliance file upload to OHFA at [email protected].

7. OHFA Review and provides approval or conditions to email address of lender staff who submitted notification of compliance file upload.

8. If conditions are received, upload one response to all conditions (in one pdf document) to the loan in the lender portal until lender staff receives OHFA approval/award email.

9. Email all questions regarding review and conditions process to the team email address of [email protected] or call the team at 405-419-8207. Emailing a specific review specialist with questions will delay your response time.

10. Close your loan.

11. Upload required closing documents to the loan via the lender portal within 5-business days.

12. Email notification of closing document upload to OHFA at [email protected].

13. Ship loan to US Bank for purchase according to US Bank guidelines found in the US Bank HFA Lending Guide in section 900.C - Funding Documentation Requirements.

DON'T FORGET TO SEND YOUR UPLOAD NOTIFICATION EACH TIME YOU UPLOAD DOCUMENTS

File Review Tips

To facilitate a more efficient review and response process, we have identified several key areas where your assistance would be invaluable:

Thorough Review: Please ensure that your loan compliance file is complete with all required documents in a single PDF prior to submission. Should you have questions, please reach out to our team at [email protected] for guidance.
Product Consideration: Carefully evaluate the loan product and eligibility criteria, including income calculations, before reserving your loan. This helps to avoid changes in loan programs, which can lead to significant delays.
Proper Stacking: Please stack your loan compliance files in the correct order, as submissions that are out of order will prolong the review process.
Documentation Requests: We ask for your understanding that our review staff will request only the minimally required documentation for the chosen loan product.
Single Response Protocol: When responding to any loan deficiency notice, please provide a single PDF that contains all required documents and/or corrections.
Notification of Uploads: Kindly inform our team at [email protected] when any documents have been uploaded for review.
Minimize Inquiries: To enhance our team's efficiency, please limit the number of calls and emails made to verify your loan status, as each inquiry can impede the review process.
Equitable Processing: Please understand that our policy is to process all files equitably, ensuring that no single homebuyer's file is expedited over another. We are committed to helping everyone close in a timely manner.

Thank you again for entrusting us with your business as we work together to serve Oklahoma homebuyers.

Review loan program descriptions, required documentation, product guides, purchase price, and income limits.

The required DPA Video offers information to buyers using OHFA loans.

Watch the DPA Video

Loan Programs Overview

Rule Change Effective January 2024

Lender Log In

Census Tracts

GOLD LOAN PROGRAM GUIDELINES & REQUIREMENTS

GOLD Required Documentation

Code Compliance Documents

Reservation/Lock Documents
The Lender will print the OHFA Loan Confirmation and the OHFA Lender's Review Certification upon reservation/lock.

Certification & Approval Documents
In the order listed below in one PDF attachment, the Lender uploads the following documents to the loan via the OHFA lender portal for certification and emails OHFA a notification of the upload at [email protected]:

OHFA Gold Consolidated Review Checklist
OHFA DPA Education Video Verification
OHFA Loan Confirmation
Executed OHFA Lender's Review Certification
UW Loan Transmittal/1008
URLA (Uniform Residential Loan Application)
Executed Purchase Contract & Addendums
OHFA Partial Exemption Disclosure - Second Lien - (Application time)
Loan Estimate on First Mortgage Loan
OHFA Residence History Form (three years reporting required for Non-Targeted residence/mortgagors)

If there are conditions on a loan, they will be emailed to you from OHFA. You will meet all the conditions at one time, and in one pdf attachment, upload those conditions to the loan via the OHFA lender portal for certification and email OHFA a notification of the upload at [email protected].

OHFA provides these documents to Lender upon Loan Approval:

OHFA Approval/Award Letter
OHFA Second Lien DPA Letter
HSP Enhanced DPA Letter (on HSP loans only)
OHFA MRB Disclosure
OHFA Mortgagor Closing Certification

Closing Documents
The lender completes the following documents prior to Closing for mortgagor(s) to sign:

OHFA Gold Closing Compliance Checklist
Mortgagor Affidavit and Certification Part 5
Tax Exempt Financing Rider
Notice Potential Recapture Tax - Part II
OHFA Partial Exemption Disclosure - Second Lien - (Closing time)
OHFA Subordinate Mortgage
OHFA Promissory Note
OHFA Future Contact Form
OHFA Mortgagor Closing Certification (sent to the lender at approval)
Deed Restriction for Enhanced DPA (HSP ONLY)

The Lender will upload the following documents, in the order listed below and in one PDF attachment, to the loan within 5 business days after loan closing via the OHFA lender portal and emails OHFA a notification of the upload at [email protected]:

Copy of executed First Mortgage Closing Disclosure
Copy of executed OHFA Second Lien DPA Letter
Copy of executed OHFA Mortgagor Closing Certification
Copy of executed OHFA Partial Exemption Disclosure
Copy of executed OHFA Subordinate Mortgage (Second Lien)
Copy of executed OHFA Promissory Note
Copy of executed Deed Restriction for Enhanced DPA (HSP Program)

GOLD Product Guides, Purchase Price & Income Limits

GOLD GOVERNMENT and 4Schools/Shield/State Employees

GOLD FREDDIE MAC - Conventional and
4Schools/Shield/State Employees

HSP - Housing Stability Program Enhanced DPA

HSP (Housing Stability Program) Product Guide

DREAM LOAN PROGRAM GUIDELINES & REQUIREMENTS

DREAM Required Documentation

Code Compliance Documents

Reservation Documents
The lender will print OHFA Loan Confirmation upon reservation/lock.

OHFA Dream Compliance Review Checklist
OHFA DPA Education Verification
OHFA Loan Confirmation
UW Loan Transmittal/1008
URLA (Application)
Executed Purchase Contract & Addendums
OHFA Partial Exemption Disclosure - Second Lien - (Application time)
Loan Estimate on First Mortgage Loan
LOE (Letter of Explanation) if omitting spouse or joint occupant from purchase of subject property

OHFA provides these documents to Lender upon Loan Approval:

OHFA Approval/Award Letter
OHFA Second Lien DPA Letter
HSP Enhanced DPA Letter (on HSP loans only)
OHFA Mortgagor Certification & Income Statement

Closing Documents

The lender completes the following documents prior to Closing for Mortgagor(s) to sign:

OHFA Dream Closing Compliance Checklist
OHFA Partial Exemption Disclosure - Second Lien - (Closing time)
OHFA Subordinate Mortgage
OHFA Promissory Note
OHFA Future Contact Form
Deed Restriction for Enhanced DPA (HSP ONLY)

Copy of executed First Mortgage Closing Disclosure
Copy of executed OHFA Second Lien DPA Letter
Copy of executed OHFA Partial Exemption Disclosure
Copy of executed OHFA Subordinate Mortgage (Second Lien)
Copy of executed OHFA Promissory Note
Copy of executed Deed Restriction for Enhanced DPA (HSP Program)

DREAM Product Guides, Purchase Price & Income Limits

Printables & Cobranded Materials

These templates have been provided for use by Lenders and Blue Ribbon Real Estate Professionals. When using, please use the option “Use template for new design.”

Please contact [email protected] if you need assistance with these materials or need another resource.

Informational Flyer - English & Spanish

Cobranded Flyer - English

Cobranded Flyer - Spanish

Cobranded Blue Ribbon Course Flyer

OHFA 4 Schools

Special Rates Cobranded

Blue Ribbon Class Cobranded Event

Homebuying Facts - English and Spanish

Learn More About U.S. Bank's HFA Lending Requirements

U.S. Bank HFA Lending Guide

Become an OHFA Participating Lender

You must meet all the Participating Lender Criteria below prior to applying with OHFA. If you meet all the criteria below, please contact OHFA for a Lender Application.

Participating Lender Criteria

Lender must be approved with US Bank HFA Division prior to OHFA approval
Must be licensed with the State of Oklahoma to do mortgage loans
Lender must be in good standing as a seller/servicer with Fannie Mae
(FNMA) and/or Freddie Mac (FHLMC)
Must originate, process, underwrite, close and fund using the lender's name and funds using their line of credit
Must be an approved FHA mortgage originator (if originating FHA loans)
Must be an approved VA mortgage originator (if originating VA loans)
Must be an approved USDA mortgage originator (if originating USDA loans)
Must provide Error Omissions Insurance Coverage
Must provide Fidelity Bond Coverage
Must execute Mortgage Origination Mortgage Agreement (MOMA)

Contact
The Homeownership Team

[email protected]

Homebuyer Education Through CreditSmart Homebuyer U

See All

QUESTIONS?

Contact Us

Valenthia Doolin

Homeownership Director
[email protected]

405.419.8156

Kristina Nichols

Homeownership Supervisor
[email protected]

405.419.8257

LENDERS

Looking for today's interest rates?

LOAN PROGRAM GUIDANCE

The required DPA Video offers information to buyers using OHFA loans.

GOLD LOAN PROGRAM GUIDELINES & REQUIREMENTS

DREAM LOAN PROGRAM GUIDELINES & REQUIREMENTS

Printables & Cobranded Materials

Learn More About U.S. Bank's HFA Lending Requirements

Become an OHFA Participating Lender

Contact
The Homeownership Team

Homebuyer Education Through CreditSmart Homebuyer U

NEWS & FEATURES

2025 Leading Light Lending Partners Shine

Homebuyer Education Through CreditSmart Homebuyer U

2024 Leading Light Lending Partners Shine

QUESTIONS?

Contact Us

Valenthia Doolin

Kristina Nichols

LENDERS

Looking for today's interest rates?

LOAN PROGRAM GUIDANCE

The required DPA Video offers information to buyers using OHFA loans.

GOLD LOAN PROGRAM GUIDELINES & REQUIREMENTS

DREAM LOAN PROGRAM GUIDELINES & REQUIREMENTS

Printables & Cobranded Materials

Learn More About U.S. Bank's HFA Lending Requirements

Become an OHFA Participating Lender

Contact The Homeownership Team

Homebuyer Education Through CreditSmart Homebuyer U

NEWS & FEATURES

2025 Leading Light Lending Partners Shine

Homebuyer Education Through CreditSmart Homebuyer U

2024 Leading Light Lending Partners Shine

QUESTIONS?

Contact Us

Valenthia Doolin

Kristina Nichols

Contact
The Homeownership Team