Homebuyers Assistance Program

Homebuyers Assistance Program is sponsored by City of Stillwater. This program provides financial assistance for down payment and/or closing costs to qualified low-to-moderate income households and first-time homebuyers within Stillwater city limits. It also offers assistance for specific home repairs for low-to-moderate income homeowners.

Homebuyers Assistance Program | Stillwater, Ok Homebuyers Assistance Program Homebuyers Assistance Program Notice: The Homebuyer Assistance Program is currently out of funds for this budget year. Please check back or contact us after July 1, 2026, for information about funding availability in the new budget year.

The City of Stillwater is excited to aid in the effort to expand homeownership opportunities for low to moderate income households and for first-time homebuyers inside Stillwater city limits. The program provides financial assistance of up to $5,000 for down payment and/or closing costs to qualified candidates.

The assistance can be applied for low to moderate income homebuyers, first-time homebuyers, and low to moderate income homeowners for specific repairs. Low to Moderate Income Buyers Down Payment/Closing cost assistance for Low to Moderate Income buyers of up to $5,000. Listed below are the requirements: Recipient must complete an application and be deemed income eligible.

Recipient must live in the home for seven years as their primary residence. A deed restriction will be filed and then released if the contract is not violated within the period of affordability (7 years).

Application for Homebuyer Assistance Program - Low to Moderate Income Packet (PDF) First-time Buyers in Stillwater City Limits Down Payment/closing cost assistance for first time buyers to Stillwater of up to $5,000 Recipient must live in the home as their primary residence for a period of 7 years. Must live within the Stillwater City limits.

A deed restriction will be filed at closing, if contract obligation is completed, the deed will be forgiven at the end of year 7. Application for Homebuyer Assistance Program - First Time Buyers (PDF) For low to moderate income homeowners for specific repairs. Recipient must complete an application and be deemed income eligible.

Recipient must live in the home for seven years as their primary residence. A second mortgage will be filed at the time of repairs and would be released at the end of year 7 if there were no violations to the 2nd mortgage. Application for Homebuyer Assistance Program - Home Repairs (PDF) For questions and more information, email home buyer's assistance or call (405) 742-8220 .

Application for Homebuyer Assistance Program - First Time Buyers (PDF) Application for Homebuyer Assistance Program - Home Repairs (PDF) Application for Homebuyer Assistance Program - Low to Moderate Income Packet (PDF)