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Down payment assistance (DPA) helps homebuyers with grants, which don't have to be paid back, reducing the amount homebuyers need to save for a down payment. Oklahoma has numerous DPA programs which you might qualify for. Once we set you up with a lender to get you pre-qualified for a loan they can also let us know if you qualify for DPA.

When you are calculating a mortgage most calculators include only the Principle and Interest. When in fact your mortgage payment also includes Mortgage Insurance, Taxes and Home Insurance. To get an approximatel figure I usually say "double" the amount the calculator gives you.

6 Benefits of Buying A Home

1. Predictable payments

A landlord can raise your rent whenever a lease expires—and often by as much as he pleases. But as a homeowner, you can lock in a predictable mortgage payment for as long as 30 years.2. AppreciationOwning a house provides you with a valuable asset and financial stability, by purchasing a home, you’ll have an asset that, in many cases, will appreciate in value over time. This makes your home one of the best investments you can make and a way to establish a financial foundation for future generations (aka your kids).3. Tax benefitsThe many expenses of owning a home—like property taxes and accounting costs—are tax-deductible. The largest deduction is generally the interest you pay on your mortgage.

4. It’s cheaper

Sure, there’s the upfront cost of the down payment and closing. After that, the monthly outlay of owning a home is much less than paying rent in the majority of markets in the U.S. plus, mortgage rates are currently low, making it an economically wise choice to purchase a home sooner than later.

5. Community tiesOwning a house you plan to stay in for a while also allows you to have an impact on your community with your taxes benefiting local infrastructure, schools, and organizations. You’ll also have a voice—if you wish—in how things are run in your area.

6. It’s yours!This may seem fairly obvious, but it’s worth emphasizing: With a rental, you run the risk of getting kicked out at the end of your lease. With a home, you can live there indefinitely. And isn’t there something comforting in knowing there’s a place where you’ll always have a roof over your head?


Franks Real Estate Team/Whittington Realty

Oklahoma City, OK 73139

William Franks


Mortgage Info

Buying your first home can be a bit stressful and challenging. My free ebook can help make the process easier.  This step-by-step guide includes what to expect with home ownership, preparing and creating a plan to get the most out of the home ownership journey, should I continue to rent, how much do I need for a down payment, etc. After you hit Submit check your email for your "Guide". In the future you will receive 5 "Infographics" giving you great information about being a First  Time Homebuyer. 

Whether it's your 1st time buying a home or not it would be to your advantage to talk with a realtor before you start the home buying process. Before you even start looking at homes we need to get you pre-qualified with a mortgage lender. This tells us how much home you can afford so we know what price point to start at. 


Once you're pre-qualified my goal is to educate and guide you through the entire process. I want to make the journey for you simple, fun and rewarding. Also, as a buyer my services cost you absolutely nothing.


Call me and lets start your home buying journey today!

Spot Crime Map For Oklahoma City

The data made available here has been modified for use from its original source. Neither nor our data sources make any claims as to the completeness, accuracy or content of any data contained in this application; makes any representation of any kind, including, but not limited to, warranty of the accuracy or fitness for a particular use; nor are any such warranties to be implied or inferred with respect to the information or data furnished herein. The data is subject to change as modifications and updates are complete. It is understood that the information contained in the web feed is being used at one's own risk. The sources for the "crime" reports on our maps and website are police incident reports and other news sources. The alleged perpetrators have not necessarily been tried or found guilty of any crime.

School Info

Just as students’ report cards provide a snapshot of their school performance, the Oklahoma School Report Cards show how public schools across Oklahoma are serving students in a variety of areas. 

Franks Real
Estate Team

I would like to take this opportunity to recommend Bill Franks to anyone looking for a dedicated Realtor.  I could not have managed all the details that needed attention in selling my condo and closing on my new home.  Bill went way above what was expected he listened to my concerns then always found a way to alleviate them. I  feel strongly in my confidence so that I can recommend Bill without hesitation.......Viji A.

Initially my wife and I decided to rent out our current residence, Bill was extremely helpful, knowledgeable and responsive as our Realtor to help us buy a home. After we moved into our home we changed our mind and decided to sell our current residence, Bill had our home under contract within a week of listing it. His professionalism, expertise and excellent interpersonal skills work synergistically to make him a wonderful representative for anyone wanting to purchase or sell a home. We cannot say enough great things about Bill......Ganes & Malar S.