OHFA Special Rates: OHFA 4 Schools (formerly OHFA 4Teachers) and OHFA Shield
OHFA's special rate for Oklahoma state employees
Oklahoma state agency employees get the same OHFA Gold special rate as 4 Schools and Shield: 0.125% off plus 3.5% of the loan as a 0% deferred second.
Who is covered
If you're currently employed by an agency of the State of Oklahoma, you get the same special Gold rate as 4 Schools and Shield. OHFA added state employees in 2020. Your lender verifies your agency employment.
OHFA points to the state's agency list at ok.gov. If you aren't sure your employer counts as a state agency, your lender can check.
OHFA 4 Schools (formerly OHFA 4Teachers) and OHFA Shield are special rates on the Oklahoma Housing Finance Agency's Gold loan. You get 0.125% off the posted Gold rate, plus 3.5% of the loan amount as a 0% interest second mortgage with no monthly payment. That second mortgage is not a grant and is not forgiven: you repay it when you sell, refinance, transfer the home, stop living in it, or the first mortgage ends.
Same terms as 4 Schools and Shield
The state employee rate appears on OHFA's rate sheet alongside 4Schools and Shield. It's the same 0.125% reduction on Gold Government or Gold Freddie, with the same 3.5% deferred second mortgage.
Papers to have handy
- Recent pay stubs from your state agency
- Agency contact for verification
- W-2s and tax returns
- Income documents for every household member 18 and older
Questions people ask
When did state employees become eligible?
OHFA added Oklahoma state employees to its special rates in 2020.
Do city or county employees qualify as state employees?
No, this track is for agencies of the State of Oklahoma. City police and fire may fit OHFA Shield instead.
Is the down payment help the same?
Yes. You get 3.5% of the loan as a 0% second mortgage, repaid when you sell, refinance or the first mortgage ends.
