Unlocking Homeownership: Insights on Down Payment Assistance with REI Oklahoma

In today’s episode, we welcome guest Alyssa Bowman from REI Oklahoma. We discuss the origins and mission of REI Oklahoma, focusing on economic development and financial stability through small business lending, women's and minority business centers, and housing programs. The episode highlights the challenges of saving for a down payment, especially given high rent prices, and how REI Oklahoma's programs aim to bridge this gap, offering various forms of assistance including gifts, amortizing second mortgages, and forgivable loans. Tune in to discover how to access REI Oklahoma's programs through lenders and the potential impacts on borrowers. This could be a game changer for some future homeowners!