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Eligible teachers, law enforcement officers, and firefighters in Oklahoma can receive a .25 percent lower interest rate when purchasing a home with the OHFA Homebuyer Downpayment Assistance program. As a way to thank law enforcement officers, teachers and firefighters for their service, Oklahoma Housing Finance Agency wants to make homeownership more affordable. Through its OHFA 4 Teachers and OHFA Shield products, OHFA now offers a lower interest rate to these professionals.

The OHFA 4 Teachers and OHFA Shield loan products will be a quarter percentage point less than the standard OHFA Gold product, which means thousands of dollars in savings over the life of the loan.

Qualified buyers will also receive 3.5 percent downpayment assistance toward their total loan amount.

“Oklahoma teachers, firefighters, and law enforcement officers work each day to improve the communities where they work, said OHFA executive director Deborah Jenkins. “OHFA 4 Teachers and OHFA Shield make it more affordable for them to purchase homes in these communities.”

To qualify, buyers must contact an OHFA Homebuyer Downpayment Assistance lender. Credit score, income and purchase price requirements apply. For more detailed information and a listing of lenders, visit www.ohfadownpayment.org.

OHFA offers nine housing programs ranging from downpayment assistance for home ownership to housing development and rental assistance. For more information about OHFA and its programs and services, visit www.ohfa.org.