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For many would-be homebuyers, saving money for a down payment can feel like an insurmountable hurdle. But people looking to move to Tulsa, Oklahoma may be able to get some assistance.
Tulsa Remote, the program which has been paying remote workers $10,000 to move to the city since 2018, has now offered to sweeten the deal. While the program would previously pay its members $10,000 in installments over the course of their first year living in Tulsa, it is now offering to pay $10,000 toward the purchase of a home in one lump cash grant.
With a median home price of $188,000 as of January according to the Greater Tulsa Association of Realtors, that $10,000 payment could account for a substantial piece of a down payment at more than 5% of the total median price.
“This new program makes home ownership more attainable for many program applicants,” Sofia Noshay with Tulsa Remote said in a written statement. “With greater flexibility in how to apply the $10,000 grant, it not only gives members the opportunity to reach long-term financial goals but also establishes them in our community through home ownership and immediate connection with our network.”