ONAC Down Payment Assistance Application Form

The Oklahoma Native Assets Coalition, Inc. (ONAC), a Native-led nonprofit, received support from the Federal Home Loan Bank Topeka (FHLB Topeka) to provide down payment assistance to homebuyers with household income that is less than or equal to 80% of the Area Median Income (AMI) by the county in which you are purchasing and will reside in your home (so the AMI may vary widely by county). Before you apply, look up the FHLB Topeka 2025 Owner-occupied Income Limits by state and county. The funding is available for purchase of existing homes and not for construction of new homes. If you are approved, you have to use these funds at the time of closing, not after, for down payment assistance. Due to first-come, first-served demand, it may take some time for us to process your application. If you are applying, we will need your cooperation to provide us with all the information requested in the application and as we move through the income verification process with you. ONAC will not begin processing your application until you have submitted all the requested information. Please only apply when you have the county and property address for the property you wish to purchase.

This program will provide up to $14,000.00 in down payment assistance to eligible homebuyers. As ONAC is using FHLB Topeka funding, the eligibility criteria for this assistance program were established by the FHLB Topeka. ONAC is administering the program in adherence to those required criteria. In order to provide this program at no cost to eligible homebuyers, ONAC may collect a $500 sponsorship fee and a $500 homebuyer counseling fee from the FHLB Topeka to support administrative costs. These two fees are included on the closing disclosure document when a homebuyer purchases a home. These fees are not deducted from the $14,000 in DPA provided to the participant.

If you have questions as you complete this application form, please contact Christy Finsel, ONAC Executive Director, at cfinsel@oknativeassets.org.

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* 1. Please check if you meet any of these criteria below:

Larger units/homes (families needing three or more bedrooms) Approved documentation showing the home being purchased has three bedrooms may include: a 3rd party appraisal or information from Zillow, real estate MLS listings, or from a county accessor.

American Indian or Alaska Native (provide copy of Certificate of Degree of Indian Blood, CDIB, card or tribal membership card)

Survivor of interpersonal violence/domestic violence (ONAC can provide a form to self-certify, with a signature from the applicant. There is no additional documentation needed).

Household member recovering from mental/emotional abuse (ONAC can provide a form to self-certify, with a signature from the applicant. There is no additional documentation needed).

Household member recovering from alcohol or drug abuse (ONAC can provide a form to self-certify, with a signature from the applicant. There is no additional documentation needed).

Household member with a mental or physical disability (to meet requirement of the FHLB Topeka, ONAC will need a copy of SSDI award letter with code to indicate disability; ONAC will not need to know the disability).

Those age 55 and older.

None of the above.

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* 2. When is your closing date? ONAC can only accept applications for those closing at least twenty-one business days from the date you submit your application to ONAC (preferably, you are applying earlier, at least 30-50 days before your closing).

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* 3. Before you begin, do you have a property address for the home which you intend to purchase? If not, please wait to apply until you have pre-approval from a lender and a property address.

Yes, I have a property address for the home I wish to purchase.

No, I do not have a property address for the home I wish to purchase. In this case, please apply only after you have pre-approval from a lender and a property address.

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* 4. Go to FHLB Topeka 2025 Owner-occupied Income Limits by state and county. You may find the state and county you wish to purchase a home in and check on the maximum gross year-to-date income you can earn, based on the numbers of members in your household.

From looking at that chart, do you believe that your year-to-date gross income, including all income earners in the household ages 18 and over, is at 80% or below Area Median Income for the county in which you plan to purchase a home?

Yes, it appears that our household AMI is below 80% for the county in which I/we plan to purchase a home. If this is the case, then please proceed with the application.

No, we are over income. If this is the case, unfortunately, ONAC is unable to serve you with this program. Please do not proceed with this application.

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* 5. Please provide your contact information below:

Name (First, Middle, and Last)

Street/Mailing Address

City/Town

State/Province

ZIP/Postal Code

Email Address

Phone Number

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* 6. Please upload a valid ID to verify your identity. Tribal ID: If you have one, please upload it here. No other ID is needed. Other IDs: If you do not have a tribal ID, please upload a copy of your driver's license or state-issued ID. For households with more than one adult, you may upload all IDs together in one file. If you can't, ONAC will email you to request the other ID(s). Applications cannot be processed without IDs.

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* 7. How many people are in your household? (Note: This should be the same as the # of household members you claim for tax purposes.)

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* 8. Please list the names and birthdates of each household member in the space below

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* 9. The down payment assistance program is available for homebuyers with a household income that is less than or equal to 80% of the Area Median Income (AMI) for the county you will purchase your home in and reside in. Income limits are determined by the FHLB Topeka and are specific to the county and state where you live. Please enter the year-to-date (YTD) gross income amount on your most current paystub in the box below. This information will help us determine your eligibility for participation in this program.

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* 10. My/Our household income includes salary/hourly wages, bonus, commission, overtime, and/or tips.

Yes

ONAC Down Payment Assistance Application Form

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* 1. Please check if you meet any of these criteria below:

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* 2. When is your closing date? ONAC can only accept applications for those closing at least twenty-one business days from the date you submit your application to ONAC (preferably, you are applying earlier, at least 30-50 days before your closing).

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* 3. Before you begin, do you have a property address for the home which you intend to purchase? If not, please wait to apply until you have pre-approval from a lender and a property address.

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* 5. Please provide your contact information below:

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* 7. How many people are in your household? (Note: This should be the same as the # of household members you claim for tax purposes.)

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* 8. Please list the names and birthdates of each household member in the space below

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* 10. My/Our household income includes salary/hourly wages, bonus, commission, overtime, and/or tips.

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The pay stub image below is an example of the type of paystub information that is required to determine your eligibility for down payment assistance: