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Permanent Rate Buydown Update

April 25, 2023 Dear Lending Partners, Just a reminder… Although not reflected on the rate sheet, a permanent buydown on our Home Advantage loans may be requested. If your borrower has extra funds from seller contributions available, you may want to consider a...

Tacoma Downpayment Assistance Program

April 21, 2023 Dear Partners, SUNSET OF THE TACOMA DOWNPAYMENT ASSISTANCE PROGRAM The City of Tacoma notified the Commission they are considering other avenues to utilize their funds for other homeownership programs. Any loans in your pipeline that may be utiizing the...

Debt to Income Ratio (DTI)

April 3, 2023 Dear Lenders, NO FOOLIN!! The Washington State Housing Finance Commission is pleased to announce an expansion of our efforts to streamline our programs and processes to ensure the best possible experience for our lenders. This effort is part of a larger...

The HFA1 Homeownership Lender Toolkit

March 31, 2023 Dear Lending Partners, Does your company have a presence or partners in multiple states? There’s a new toolkit to make partnering with state housing finance agencies (like us) even easier! The HFA1 Affordable Homeownership Lender Toolkit is a new online...