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  • Home Advantage

    Home Advantage also offers downpayment assistance.

    This second mortgage loan program has a 0% interest rate, payment deferred for 30 years, and combines with the Home Advantage first mortgage loan program. Borrowers must meet the income limits for the Home Advantage Program first mortgage

    Downpayment Assistance Programs Available Statewide
    Home Advantage – Needs Based

    Home Advantage Needs Based Downpayment Assistance Program Up to $10,000, for borrowers using our Home Advantage loan and under certain income limits

    This second mortgage loan program has a 1% interest rate, payment deferred for 30 years, and also combines with the Home Advantage first mortgage loan program.

    Downpayment Assistance Programs Available Statewide
    Veterans

    Up to $10,000 for military veterans who have served our country

    Veterans is a downpayment assistance, second mortgage loan program with a 3.00% interest rate and payments deferred for up to 30 years for Washington State veterans who have served our country. Veterans combines with the Home Advantage or House Key first mortgage loan program.

    Downpayment Assistance Programs Available Statewide
    Homechoice

    Up to $15,000 for buyers with a disability or disabled family member living with them.

    HomeChoice is a downpayment assistance, second mortgage loan program for qualified borrowers who have a disability or who have a family member with a disability living with them. Funds up to $15,000 of down payment. HomeChoice combines with House Key and Home Advantage first mortgage loan programs. One-on-one counseling is required.

    Downpayment Assistance Programs Available Statewide
    Opportunity

    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.

    Downpayment Assistance Programs Available Statewide
    Seattle

    Up to $55,000 for buyers within the city limits of Seattle

    The Seattle Downpayment Assistance Program is a second mortgage loan program that combines with the Home Advantage or Opportunity first mortgage loan program. This program is for qualified borrowers purchasing within the city limits of Seattle. This program allows up to $55,000 in downpayment assistance with payments deferred for 30 years, at 3% simple interest.

    Downpayment Assistance Programs for Specific Areas
    East King County (ARCH)

    Downpayment Assistance Programs for Specific Areas
    Bellingham 

    Up to $40,000 for people buying within the city limits of Bellingham

    Bellingham downpayment assistance is a second mortgage loan program that combines with the Home Advantage or House Key Opportunity first mortgage loan program. This program is for people buying within the City of Bellingham limits. This program allows up to $40,000 in downpayment assistance with payments deferred for 30 years, at 3% simple interest.

    Downpayment Assistance Programs for Specific Areas
    Tacoma

    Up to $20,000 for buyers within the city limits of Tacoma

    Tacoma downpayment assistance is a second mortgage loan program that combines with the Home Advantage or Opportunity first mortgage loan programs. This program is for qualified borrowers purchasing within the eligible city limits (PDF) of Tacoma. This program allows up to $20,000 in downpayment assistance with payments deferred for 30 years, at 4% simple interest.

    Downpayment Assistance Programs for Specific Areas

    Every year, the Washington State Housing Finance Commission’s home loans and downpayment assistance programs enable thousands of Washington families to become homeowners. We are dedicated to opening doors to opportunity for low- and moderate-income homebuyers–especially doors that have been closed by systemic racism throughout our nation’s history.

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