Select Craft Homes in Buck Crossing are connected to an Oklahoma Housing Finance Agency program that may give a qualified buyer assistance equal to 5% of the home’s purchase price. The builder financing and the buyer benefit are separate: Craft Homes received a 0% construction loan for eight homes, while eligible buyers of those specific homes may receive the 5% grant.
There is another important possibility. OHFA’s current product guide says the Housing Stability grant can be paired with its regular 3.5% down payment assistance program when the buyer qualifies and the lender follows OHFA’s Enhanced DPA guidelines. That can substantially reduce the buyer’s upfront cost, but the two percentages are calculated differently and the combined result should not be advertised as exactly 8.5% of the purchase price.
What OHFA approved for Craft Homes in Buck Crossing
In January 2026, OHFA approved Housing Stability construction financing for eight new Craft Homes in Buck Crossing on Stella Trail in Guthrie. The official award record identifies five 3-bedroom homes and three 4-bedroom homes.
This is where the wording matters. The Housing Stability Program provides the builder with a 0% interest construction loan. It does not give the builder a 5% construction loan. The 5% benefit belongs on the buyer side of the transaction and applies only when a buyer purchases an eligible home built with OHFA-administered funds.
Craft Homes currently markets more than eight available homes in Buck Crossing. That means buyers should not assume every home in the community qualifies. OKC Metro Group represents several Craft homes there, and we can help identify the current properties connected to this award. The buyer’s lender and OHFA must verify final property and borrower eligibility.
What the buyer may receive
OHFA’s February 2026 Housing Stability product guide sets the assistance at 5% of the purchase price. On a $272,500 home, for example, 5% would equal $13,625. That is simple arithmetic for illustration, not a loan quote or approval.
The assistance can be applied in this order:
- The minimum down payment required by the first mortgage
- Normal and customary closing costs
- A reduction of the first-mortgage principal
OHFA also permits reimbursement of certain costs the buyer may have already paid, including earnest money, the credit-report fee, and the appraisal fee. Any remaining assistance is applied to principal reduction. The funds are not paid to the buyer as unrestricted cash, and they cannot be used to buy down the mortgage interest rate.
The benefit is not limited to one mortgage type
One of the most useful features is flexibility. The current guide says the 5% Housing Stability grant may be used with the buyer’s choice of government or conventional first mortgage through an approved lender. Depending on the home and borrower, that could include an FHA, VA, USDA, or conventional path.
The guide does not publish a separate income cap for the standalone 5% grant. That does not mean every buyer automatically qualifies. The purchase must be financed, the home must be one of the eligible OHFA-funded properties, and the buyer must occupy it as a primary residence. The home must remain within OHFA’s applicable purchase-price limit. The first-mortgage lender and investor still determine credit score, debt ratios, required reserves, automated-underwriting findings, and loan approval.
As of July 22, 2026, OHFA listed Housing Stability purchase-price limits of $327,293 for a 3-bedroom home and $359,263 for a home with four or more bedrooms. Program rules and inventory can change, so these figures must be checked again before a buyer relies on them.
How the 5% grant becomes fully forgiven
The Housing Stability assistance has 0% interest, no monthly payment, and no added OHFA fee. A deed restriction is recorded on the property.
The grant is forgiven over 36 months of primary-residence occupancy. OHFA calculates forgiveness at 1/36 of the original assistance for each month the buyer remains in the home as a primary residence. After 36 months, the assistance is fully forgiven.
If the buyer stops using the property as a primary residence before the 36 months are complete, the unforgiven prorated balance must be repaid to OHFA. Buyers should understand that obligation before closing, especially if a job transfer, military move, or other relocation is reasonably possible.
Can a buyer add OHFA’s regular 3.5% assistance?
Potentially, yes. OHFA’s current Housing Stability guide expressly addresses coupling the 5% grant with its legacy 3.5% DPA program. The lender must follow the Enhanced DPA guidelines, and the buyer must qualify for the selected legacy product.
The distinction is important:
- The Housing Stability grant equals 5% of the purchase price.
- OHFA’s regular assistance equals 3.5% of the total loan amount.
- The regular OHFA product has its own income, purchase-price, loan-type, and underwriting requirements.
- The Housing Stability grant cannot be added to an OHFA Dream Zero loan.
The right comparison is not simply “5% versus 8.5%.” Ask the lender to prepare side-by-side estimates using the same home, closing date, taxes, insurance, and borrower information. Compare the cash needed at closing, monthly payment, interest rate, APR, total assistance, recorded liens or restrictions, and long-term cost.
What makes Buck Crossing worth a closer look
Buck Crossing is a Craft Homes community in south Guthrie with access to I-35 and homesites that generally begin around one-half acre. Craft’s official community page showed nine available homes priced from $257,500 when checked July 22, 2026. Prices, construction status, incentives, and availability can change quickly.
The Housing Stability benefit makes the select OHFA-funded homes especially worth comparing, but financing should never be the only reason to choose a property. Buyers should also evaluate the floor plan, lot, estimated completion, inspections, warranty, commute, taxes, insurance, neighborhood restrictions, and likely length of ownership.
For more background, read our guide to Craft Homes new construction in Guthrie, our OKC metro new-construction resource, and the explanation of OHFA repayment rules.
Confirm the home and financing before you rely on the benefit
Doug Arnett and Ronnie Jordan at OKC Metro Group can show you the Craft Homes inventory we represent in Buck Crossing and help confirm which addresses are tied to the OHFA award. Brett Baldwin with Revolution Mortgage can help compare available first-mortgage choices and verify the current financing requirements.
Rates, eligibility, assistance, and approval are never guaranteed. Ask Brett for a written comparison and confirmation from the appropriate OHFA-approved lending channel before relying on the program in an offer. We are building futures through real estate, and this is exactly the kind of opportunity that deserves both excitement and careful verification.
