dpa

Ask your lender—or, fill in this quick form with information about your location, household size and income. One of our Homeownership staff will reply with recommendations just for you.

Yes. The interest rate is very low, from 0% to 4% depending on the program. It is wrapped into your main home mortgage, so you don’t have two bills to pay. Also, most of our downpayment loans are payment deferred—meaning no payment is due until the mortgage is paid off or until you sell, transfer, move out of or refinance the property.

If you refinance, per your executed note and our Home Advantage program manual, you will need to pay off the WSHFC downpayment assistance loan (the second mortgage). The Commission does not subordinate our loans to other loans. In order to request a DPA loan payoff, please contact the loan servicer of your main home mortgage (your first mortgage).

It varies by program, but $10,000 is the average amount for a typical homebuyer.

Yes. Double-wide or larger manufactured homes are eligible for FHA and USDA loans. For manufactured homes using Fannie Mae HFA Preferred or Fannie Mae MH Advantage, please follow FNMA guidelines. Manufactured homes are not permitted under the Freddie Mac HFA Advantage program. Please see the Commission Manufactured Home Matrix.

Marketing materials can be found here.

We define a first-time homebuyer as someone who has not owned AND occupied a primary residence at any time in the past three years.  If you purchase a home in a Targeted Area or are an honorably discharged Veteran, you do not have to be a first-time homebuyer.