Blog > How Much Money Do I Need for a Down Payment in Tulsa?
The down payment is often the biggest hurdle for first-time buyers. The good news? Tulsa offers multiple paths to homeownership—even if you don’t have 20% saved.
Conventional Loan Options
Most conventional loans require 5%–20% down. For Tulsa’s median $275K home, that’s $13,750 to $55,000. But remember, larger down payments mean lower monthly payments and potentially better interest rates.
FHA & VA Loans
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FHA loans allow as little as 3.5% down, ideal for buyers with modest credit.
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VA loans (for veterans) and USDA loans (for rural areas like Coweta or Wagoner) can require $0 down.
Local & State Programs
Tulsa County and Oklahoma Housing Finance Agency (OHFA) offer down payment assistance and closing cost grants for qualified buyers.
Budget for More Than the Down Payment
Don’t forget closing costs (2–5%), inspection fees, and your first year of homeowner’s insurance.
If you’re unsure how much cash you really need, I’ll connect you with local lenders who can estimate your total out-of-pocket cost in minutes.