Downpayment Assistance Program
Up to $30,000 for buyers within an ARCH member city or area (east King County)
ARCH East King County Downpayment Assistance Loan Program combines with the Home Advantage or Opportunity first mortgage loan programs. This program is for qualified borrowers purchasing a home or condominium within an ARCH member city. This program allows up to $30,000 in downpayment assistance at 4% simple interest. There are no monthly payments with the balance due and payable when the Borrower(s) 1) sells, refinances, transfers the property; 2) fails to maintain as principal place of residence; or 3) when the home is paid off (on or before 30 years)
Eligibility Requirements
The home you are looking to purchase is within one of the participating cities listed below
You do not need to be a first-time homebuyer
The home you are purchasing must be your principal residence and owner-occupied
Due to federal guidelines, the home must not have been occupied by a tenant within 90 days of the purchase and sale agreement
PRE-PURCHASE COUNSELING SESSION AGENCIES
COMPANY
American Financial Solutions
Parkview Services
Urban League of Metropolitan
PHONE NUMBER
888-864-8699
206-542-6644 ext. 126
800-368-1455
PARTICIPATING LENDERS
NAME
Karin Koenig, NMLS #117039
Mike England, NMLS #55142
Jessica Santana, NMLS #57804
Karen Sibley, NMLS #73827
COMPANY
Movement Mortgage
Fairway Independent Mortgage
HomeStreet Bank
American Pacific Mortgage
PHONE NUMBER
206-459-1345
206-271-3219
206-389-6346
425-220-9592
EMAIL
karin.koenig@movementmortgage.com
MikeE@FairwayMC.com
Jessica.Santana@HomeStreet.com
Karen.Sibley@APMortgage.com