Are you a first-time homebuyer in Washington? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the Evergreen State. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership more attainable. Start your exciting journey towards owning a home in Washington today.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
Home Advantage Down Payment Assistance | Up to 4% of the home loan that can be used for down payment assistance | Any homebuyer that can meet income requirements | Second mortgage with a 0% interest rate |
Home Advantage Down Payment Assistance - Needs Based Option | Up to $10,000 in down payment assistance | Any homebuyer that can meet income requirements | Second mortgage with a 1% interest rate |
HomeChoice Program | Up to $15,000 in down payment assistance | First time homebuyers with a disability or disabled family member living with them, and that can meet income requirements | Second mortgage with a 1% interest rate |
House Key Schools Down Payment Loan Program | Up to $10,000 in down payment assistance | First time homebuyers that are educators and those employed by accredited schools that cab also meet income requirements | Second mortgage with a 3% interest rate |
Opportunity Down Payment Assistance Loan Program | Up to $10,000 in down payment assistance | Any homebuyer that can meet income requirements | Second mortgage with a 1% interest rate |
Veterans Down Payment Assistance Loan Program | Up to $10,000 in down payment assistance | Military veterans that can meet income requirements | Second mortgage with a 3% interest rate |
Regional Programs
County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
East King County | ARCH East King County Down Payment Assistance Loan Program | Up to $30,000 in down payment assistance | Any homebuyer within King County that can also meet required income limiits | Second mortgage with a 4% interest rate |
Pierce County | Pierce County Down Payment Assistance Loan Program | Up to $24,900 in down payment assistance | First time homebuyers buying within Peirce County | Second mortgage with a 3% interest rate |
City Programs
City | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Bellingham | Bellingham Down Payment Assistance Program | Up to $40,000 in down payment assistance | For first time homebuyers buying within the city limits of Bellingham | Second mortgage with a 3% interest rate |
Bremerton | Bremerton Homeownership Down Payment Assistance (DPA) Program | Up to 20% of home sale price that can be used for down payment and closing costs assistance | For homebuyers that are buying within the city limits of Bremerton and can meet income requirements | Second mortgage |
Kennewich | Tri-Cities HOME Consortium Down Payment Assistance Program | Up to $10,000 in down payment and closing cost assistance | First time homebuyers buying within the city limits of Kennewich and can meet income requirements | Forgivable loan with a 0% interest rate |
Lakewood | Down Payment Assistance Program | Up to $10,000 in down payment and closing cost assistance | For any homebuyer within the city of lakewood that can also meet income requirements | Second mortgage with a 1% interest rate |
Pasco | Tri-Cities HOME Consortium Down Payment Assistance Program | Up to $10,000 in down payment and closing cost assistance | For first time homebuyers buying within the city limits of Pasco and can meet income requirements | Forgivable loan with a 0% interest rate |
Richland | Tri-Cities HOME Consortium Down Payment Assistance Program | Up to $10,000 in down payment and closing cost assistance | First time homebuyers buying within the city limits of Richland and can meet income requirements | Forgivable loan with a 0% interest rate |
Seattle | Seattle Down Payment Assistance Loan Program | Up to $55,000 in down payment assistance | Any homebuyer buying within the city limits of Seattle | Second mortgage with a 3% interest rate |
Tacoma | Tacoma Down Payment Assistance Loan Program | Up to $20,000 in down payment assistance | For first time homebuyers buying within the city limits of Tacoma and can meet required income limits | Second mortgage with a 4% interest rate |
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