Buy Your First Home with Less Money Upfront
HomePath provides eligible Oklahoma first-time homebuyers with down payment assistance, potential no PMI on eligible loans, and personalized guidance from WEOKIE Federal Credit Union mortgage experts.
Takes a few minutes. No impact to your credit.
Not a commitment or loan approval.
Why First-Time Buyers Choose HomePath
HomePath helps eligible first-time homebuyers purchase a home with less money upfront through down payment assistance, potential no PMI on eligible loans, and guidance from local WEOKIE mortgage experts.
Up to $7,500 Toward Down Payment & Closing Costs
Financial assistance to help reduce the upfront cost of buying your first home.
No PMI on Eligible Loans
Qualified borrowers may qualify to eliminate Private Mortgage Insurance (PMI), helping reduce their monthly mortgage payment.
Local Mortgage Experts
Work with a dedicated WEOKIE mortgage specialist who will guide you through every step of the homebuying process.
Designed to Help You Buy with Less Money Upfront
Buying your first home can feel out of reach, especially when you're trying to save for a down payment and closing costs. HomePath is designed to help eligible first-time homebuyers purchase a home with less money upfront while providing guidance throughout the process.
Up to $7,500 toward down payment assistance and closing costs (for eligible borrowers)
Eligible borrowers may qualify to finance the full purchase price, reducing the amount of cash needed upfront.
Eligible borrowers may qualify to eliminate Private Mortgage Insurance (PMI), helping reduce their monthly mortgage payment.
Available throughout Oklahoma for eligible owner-occupied homes.
Local WEOKIE mortgage experts, including Spanish-speaking professionals, to guide you from application through closing.
HomePath Requirements
Most first-time buyers may qualify—even if you’re unsure, it’s worth checking.
Review the requirements below to see if this program may be a good fit.
Basic Eligibility
- First-time homebuyer (or no homeownership in 3 years)
- Owner-occupied property required
- Must qualify for WEOKIE membership
- Household income cannot exceed 120% of Area Median Income (AMI).
- Must meet NHS Oklahoma program eligibility requirements (if applicable).
Financial Requirements
- Minimum credit score of 620
- Income and debt-to-income requirements apply
- Employment and tax documentation may be required
Property Requirements
- Home must be in Oklahoma
- Must be move-in ready and in average condition
- Maximum sales price applies ($250,000)
- Manufactured homes and condominiums are not eligible.
- Property must be a primary residence.
- Home must have been owned by the seller for at least six months (if still a current requirement).
Program Conditions
- Homebuyer education may be required
- Additional underwriting requirements apply
- Pre-purchase housing counseling through Neighborhood Housing Services (NHS) required.
- Additional NHS Oklahoma program requirements may apply.
Additional program guidelines and underwriting requirements may apply.
We'll Guide You Every Step of the Way
Step 1
Apply Online:
Complete a quick application to get started.
Step 2
Get Pre-Qualified:
We’ll review your information and discuss your HomePath options.
Step 3
Find Your Home:
We’ll guide you from house hunting through closing.
Ready to See if You Qualify for HomePath Down Payment Assistance?
Meet with a WEOKIE mortgage specialist to see if you qualify for HomePath, discuss your options, and get your questions answered.
Prefer to Talk with a Mortgage Specialist?
Have questions before you apply? Our mortgage specialists are here to walk you through the HomePath program and help you determine your next steps.
Talk with a mortgage specialist today
M-F: 8:30am - 5:30pm (CT) | Sat: 9:00am - 12:00pm (CT)
HomePath FAQs
Homebuying comes with important decisions. These FAQs provide clear answers about HomePath, from pre-approval to closing.
Program Basics
HomePath is designed to help eligible first-time homebuyers in Oklahoma achieve homeownership with less money upfront. The purchase financing consists of a 30-year first mortgage covering 80% of the purchase price, a 15-year second mortgage through Neighborhood Housing Services for the remaining 20%, and a grant-funded down payment assistance program to help offset eligible closing costs.
Qualified borrowers may receive up to $7,500 in down payment or closing cost assistance and access to a 30-year fixed-rate conventional mortgage, which offers steady payments over a generous loan term in conjunction with a fixed-rate second conventional loan provided by Neighborhood Housing Services (NHS). Eligible borrowers may also qualify for no PMI requirement on eligible loans.
By combining WEOKIE mortgage financing with NHS program support, HomePath helps make homeownership more affordable for borrowers who may not have significant savings for a down payment.
To qualify, borrowers must meet program eligibility requirements, including income, credit, property, occupancy, and homebuyer education requirements. Additional NHS counseling requirements may also apply.
HomePath is available throughout Oklahoma for qualifying owner-occupied properties.
Our local mortgage team will guide you through every step of the homebuying process, helping you make informed decisions with confidence.
In general, a first-time homebuyer is someone who has not owned a home in the past three years. To qualify for HomePath, borrowers must also meet program requirements, including credit, income, employment, and property eligibility guidelines.
Yes. HomePath is available throughout Oklahoma and is not limited to specific cities or counties. Eligible borrowers may use the program to purchase a qualifying owner-occupied home anywhere in the state, provided the property and borrower meet HomePath program requirements.
Yes. Eligible borrowers may receive up to $7,500 toward their down payment, closing costs, or a combination of both, subject to HomePath program guidelines and qualification requirements.
Homebuying Process
When you get pre-approved, you find out if you're eligible for a home loan and the total loan amount and rate you're likely to receive. This helps you set your monthly budget and shop for homes within an affordable price range.
Here are more benefits:
- Compete in today’s market with a fully underwritten pre-approval.
- Show realtors and sellers you’re ready to buy.
- Move through the homebuying process faster, so you and the seller can reach closing more quickly and easily.
Our experts are here to guide you through the mortgage process. The HomePath mortgage process is similar to a traditional home loan.
Here's what to expect:
- Submit your mortgage application and receive a pre-approval decision with an estimated starting interest rate.
- We'll process your application, verify your documentation, and request proof of income.
- We'll need to order an appraisal of the home and a title search to check for any liens, plus check your flood certification if needed.
- Once all this is done, we complete the underwriting process to finalize your loan approval.
- After final approval, we'll schedule and complete your mortgage closing.
You can use our purchase calculators to see how much monthly payment and purchase price you can afford.
A fixed-rate mortgage means your interest rate stays the same for the life of the loan, so your principal and interest payment remain consistent each month. The only parts of your monthly payment that may change are property taxes or homeowners insurance.
Unlike an adjustable-rate mortgage (ARM), your rate will not increase or decrease with market conditions, making it easier to budget long term. If rates drop in the future, you may be able to refinance your mortgage to secure a lower rate.
The documents you'll need may vary based on your situation, but this checklist can help you prepare:
- Your current address and any previous addresses for the past two years
- Social Security numbers for all borrowers
- Employment history for the past two years, including employer names, addresses and phone numbers
- Income information for all borrowers, including salary, overtime, bonuses, commissions, interest, dividends, retirement income and other regular sources of income
- Details about your rental or homeownership history
- Information about any real estate you own, including the property address, estimated market value, outstanding balance, rental income (if applicable) and monthly payment
- Information about your current debts, including the creditor name, account number, current balance and monthly payment
We're here to help you find the right mortgage solution for your needs. Call 405-235-3030 or apply online to get started.
Need Help Beyond the Mortgage?
First Rate Title Company
Professional title services to help make your home purchase and closing process as smooth as possible. Owned and operated by local credit unions—including WEOKIE—so you'll receive the same trusted, member-focused service you expect.
MemberHaven Insurance Agency
Homeowners insurance options tailored to your needs from an agency owned and operated by local credit unions—including WEOKIE.