30-year fixed-rate first mortgage with competitive interest rates; foundational product eligible to be paired with Home Advantage DPA and other DPA overlays.

Paired with: FHA, VA, USDA, Conventional

• Primary residence only
• Minimum FICO: 620
• Maximum DTI: 50%
• Income: Household income under $215,000, regardless of family size or location.
• Homebuyer education required

Not restricted to first-time homebuyers. Must complete a Commission-sponsored homebuyer education class (certificate valid two years).

Source: heretohome.org

3%, 4%, or 5% of the first-mortgage loan amount as a 0% interest second mortgage with no monthly payments; due on sale, refinance, transfer, or payoff of the first mortgage (at 30 years or before).

Paired with: FHA, VA, USDA, Conventional

• First-time homebuyer: Not required
• Primary residence only
• Minimum FICO: 620
• Income: Household income must not exceed $215,000.
• Homebuyer education required

Must be paired with a WSHFC Home Advantage first mortgage. Funds may be used for down payment and closing costs.

Source: heretohome.org

Up to $10,000 at 1% simple interest with no monthly payments; due on sale, refinance, transfer, or payoff of the first mortgage.

Paired with: FHA, VA, USDA, Conventional

• First-time homebuyer: Not required
• Primary residence only
• Income: Lower income limits than Home Advantage DPA; highest in King and Snohomish counties. See WSHFC limits.
• Homebuyer education required

Must be paired with a WSHFC Home Advantage first mortgage. Aimed at homes priced under $250,000. Needs assessment required, except for military veterans.

Source: heretohome.org

30-year fixed-rate first mortgage targeted to first-time homebuyers; unlocks pairing with Opportunity DPA and other targeted DPA programs.

Paired with: FHA, VA, USDA, Conventional

• First-time homebuyer: Required
• Primary residence only
• Income: WSHFC House Key income and purchase price limits apply (tighter than Home Advantage).
• Homebuyer education required

First-time homebuyer (no ownership in the last three years) requirement waived in Target Areas. Income and acquisition cost limits vary by county and household size. Cannot be combined with Home Advantage DPA or Home Advantage Needs-Based DPA.

Source: heretohome.org

Up to $15,000 at 1% simple interest with no monthly payments; due on sale, refinance, transfer, or payoff of the first mortgage.

Paired with: FHA, VA, USDA, Conventional

• First-time homebuyer: Required
• Primary residence only
• Homebuyer education required

Must be paired with a House Key Opportunity first mortgage. First-time homebuyers only unless buying in a Target Area. Income limits vary by county and household size; needs assessment required, except for military veterans.

Source: heretohome.org

Up to $15,000 as a 1% interest deferred second mortgage; payments deferred for 30 years.

Paired with: FHA, VA, USDA, Conventional

• First-time homebuyer: Required
• Primary residence only
• Homebuyer education required

For borrowers with a disability or who have a household member with a disability. Pairs with a Home Advantage or House Key Opportunity first mortgage. First-time homebuyer required unless buying in a Target Area. Needs assessment and one-on-one pre-purchase counseling required.

Source: heretohome.org

Up to $10,000 as a deferred second mortgage at 3% interest; payments deferred for 30 years.

Paired with: FHA, VA, USDA, Conventional

• First-time homebuyer: Required
• Primary residence only
• Homebuyer education required

For honorably discharged veterans, Washington National Guard and Reserve members, and never-remarried surviving spouses. Pairs with a Home Advantage or House Key Opportunity first mortgage. First-time homebuyer required unless buying in a Target Area.

Source: heretohome.org

Down payment assistance loan of up to 20% of the home price (up to $150,000) plus closing costs, as a second loan behind the first mortgage. Loan forgiveness is available for some participants.

Paired with: FHA, VA, USDA, Conventional

• First-time homebuyer: Required
• Primary residence only
• Income: Household income at or below 120% of area median income (county limits apply).
• Homebuyer education required

For buyers who, or whose parent, grandparent, or great-grandparent, lived in Washington before April 1968 and were affected by housing discrimination, per the Covenant Homeownership Act. Pairs with a Home Advantage or House Key Opportunity first mortgage.

Source: heretohome.org

Up to $76,000 per household for down payment assistance on open-market or partner-developed homes; layered assistance from multiple sources may reach up to $110,000.

Limited to households at or below 80% area median income. Funded through Seattle Housing Levy and other subsidies. Requires pre-purchase homebuyer education and one-on-one counseling.

Source: www.seattle.gov