Holiday Loans

Treat yourself to a holiday loan with no payments until 2025.*

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Homebuyer Savings Account

Take the first step toward homeownership with a Homebuyer Savings account.

What is a Homebuyer Savings Account?


The tax-deductible* Homebuyer Savings Account can help with closing costs, including your down payment, escrow account, inspection fees and appraisal fees. If you’re thinking about purchasing your first house in the next few years, it’s the right time to start saving.

You’ll Thank Yourself Later

 

Find out if a Homebuyer Savings Account is right for you

Open an Account
Tax-deductible deposits

Deposits will be tax-deductible per year up to $5,000 for individuals and $10,000 for joint filers.

Automatic deposits

Set up automatic savings each time you get paid.

24/7 account access

Manage your money with Digital Banking.

Open an Account

Here are a few helpful tips to help you save for your home:

 

  • Start saving for your home now—the sooner the better!
  • Make your deposits automatic
  • Create a budget and stick to it
  • Attend a local homebuyer workshop to learn everything you need to know about buying a house in Oklahoma
  • Utilize free financial tools in Digital Banking to help you stay on budget
  • Find out if you're eligible for down payment assistance
     
Apply Now

Attend a Homebuyer Workshop Near You

Learn cost-saving tips and more at a free homebuyer workshop. 

Event Calendar

Happy to Help

OKCU helped me start a savings account by the automatic withdrawal from payroll check once a month. I don't even miss the money.
Mary M.
OKCU has always been there for me. From checking and savings account to financing my cars, OKCU is where I go. I have been a member since I was 15 years old, I’m now almost 30, and I don’t see myself going anywhere!
Sierra G.
Sierra G.
I opened an account at OKCU in 1969. Since that time, we've used OKCU for savings, checking and even opened accounts for our kids. It's been a part of our financial support system for over sixty years.
Jeffery S.
Member Since 1969
0 Years
Helping Oklahomans
0+
Members
*

Contributions are deductible from Oklahoma state income tax. Amounts are subject to change as set forth by the Oklahoma Tax Commission.  Funds may be used for qualifying expenses only or could be subject to a 10% penalty. Restrictions apply. OKCU is not responsible for the tax implications of this account. Consult with a tax advisor prior to opening the account regarding the deductibility of contributions and qualifying purchases.

If you need to make frequent withdrawals every month consider opening a checking account in addition to a savings account. The Annual Percentage Yield (APY) may change quarterly on a savings account. View additional account details.