Downpayment Assistance Program

Up to $10,000, for borrowers using our House Key Opportunity loan

Opportunity is a downpayment assistance, second mortgage loan program with a 1.00% interest rate, payment deferred for 30 years, up to $10,000 and combines with the Opportunity first mortgage loan program.

Eligibility Requirements

You do not exceed the maximum income limit in your area according to the chart below

You are a first-time homebuyer (you have not owned or occupied a home in your name in the last three years) or are buying in a targeted area

MAXIMUM INCOME LIMITS

COUNTY

King/Snohomish
Clark/Island/Kitsap/Pierce/Skamania/Thurston/Whatcom
All other Counties

1 – 2 PERSONS

$70,600
$56,250
$49,950

3+ PERSONS

$88,250
$70,300
$62,400

Program Requirements

You have attended a Commission-sponsored homebuyer seminar prior to reserving funds

A participating loan officer has helped you determine the sales price you can afford, how much cash you will need to close, and how much you can borrow (up to $10,000)

You qualify for the Opportunity first mortgage loan program

Cashback to borrowers is not allowed

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