REI Home100 (Government loans: FHA, VA, USDA-RD, HUD Section 184)
Taking applicationsREI Oklahoma (Rural Enterprises of Oklahoma, Inc., 501(c)(3) nonprofit); U.S. Bank master servicer
- For
- Buyers statewide using an FHA, VA, USDA-RD or HUD 184 30-year fixed first mortgage through a U.S. Bank-approved REI lender
- How much
- Gift Option 1A: 3.0%, 3.5% or 4.0% of the first loan; Option 1B: 3.5%, 4.0% or 5.0%; Option 2 Hybrid (FHA and HUD 184 only): 2.5% gift + 2.5% second mortgage at 5% amortizing over 10 years (5% total)
- Kind
- Grant, nothing to pay back
- Income cap
- 2026-2027 Exhibit A (gift): $130,650 (1-2 person) / $152,425 (3+) in most counties; Oklahoma, Cleveland, Canadian, Logan, McClain counties $145,950 / $170,275; Tulsa, Creek, Rogers, Wagoner, Osage $142,500 / $166,250; Grady $144,000 / $168,000; Payne $148,200 / $172,900. Hybrid (Exhibit B) limits are lower, e.g. Tulsa $109,250 / $127,458 / $148,701 (1-2 / 3-4 / 5-6 persons)
- Pairs with state program?
- no - REI is its own first-mortgage + DPA program (U.S. Bank), so it is an alternative to OHFA Gold/4 Schools/Shield, not a layer on top
Program summary dated June 8, 2026. Min FICO 640 (FHA/VA/USDA automated, 1-2 units), 680 for DTI 45.01-50%, 660 manufactured homes and HUD 184 manual. Homebuyer education recommended, not required. Gift may cover up to 100% of cash to close. Not limited to teachers/first responders. REI housing team: reidpa@reiok.org, 1-800-658-2823.
Checked November 2026 · our sources
Do I qualify? →How the Home100 gift works
REI Oklahoma (Rural Enterprises of Oklahoma, Inc.), a 501(c)(3) nonprofit, pairs a government first mortgage with a gift toward your down payment and closing costs. U.S. Bank is the master servicer. Under the June 8, 2026 program summary you pick a tier: Option 1A gifts 3.0%, 3.5% or 4.0% of the first loan; Option 1B gifts 3.5%, 4.0% or 5.0%. A hybrid Option 2, for FHA and HUD 184 loans only, splits 5% into a 2.5% gift and a 2.5% second mortgage at 5% interest paid over 10 years. The gift can cover up to 100% of your cash to close. Ask the lender to quote each option so you can compare.
Who qualifies
This is not limited to teachers or first responders, and it works in every county. Minimum credit is 640 for automated FHA, VA and USDA approvals on 1-2 units, 680 if your debt-to-income lands between 45.01% and 50%, and 660 for manufactured homes or manually underwritten HUD 184 loans. Homebuyer education is recommended, not required. Gift income limits for 2026-2027 are $130,650 for 1-2 people and $152,425 for 3+ in most counties, and higher in metro counties: Oklahoma, Cleveland, Canadian, Logan and McClain counties allow $145,950 / $170,275, and Tulsa, Creek, Rogers, Wagoner and Osage allow $142,500 / $166,250. The hybrid option uses lower limits. The summaries reviewed did not state a first-time buyer rule or a price cap, so confirm both with the lender.
Home100 vs. OHFA 4 Schools and Shield
Home100 is its own first-mortgage program, so it replaces OHFA Gold rather than stacking on it. OHFA's 3.5% is a repayable second with a 0.125% rate cut for public servants and first-time buyer, income and price limits; REI's gift carries higher income limits and no repayment. Teachers, police, firefighters and EMTs can have a lender quote both side by side. See grant vs. forgivable vs. repayable help for how the trade-off works.
How to apply
You apply through a U.S. Bank-approved REI lender, not with REI directly. The lender checks your county limit, picks the gift option, and the gift funds at closing. REI's housing team answers questions at reidpa@reiok.org or 1-800-658-2823. Find your area on the county pages or run the eligibility check.
Questions about REI Home100 (Government loans: FHA, VA, USDA-RD, HUD Section 184)
Does the REI Home100 gift have to be repaid?
The Option 1A and 1B gifts do not. Only the hybrid Option 2 includes a 2.5% second mortgage at 5% interest repaid over 10 years, alongside a 2.5% gift.
Can I use REI Home100 with OHFA 4 Schools or Shield?
No. Both are first-mortgage programs with built-in assistance, so you choose one. A lender can compare the two for your income and county.
What credit score does REI Home100 need?
640 for automated FHA, VA and USDA approvals on 1-2 unit homes, 680 when debt-to-income is between 45.01% and 50%, and 660 for manufactured homes and manually underwritten HUD 184 loans.
See if I qualify for this one
Similar programs
Summarized from the program's official page as of November 2026. Money and rules change, so check the current terms with the program or a lender who takes part. Oklahoma Down Payment Assistance has no connection to this program.
