Downpayment assistance with every Commission loan
While you probably don’t need as much cash for the downpayment as you think, it can still be a significant hurdle. That’s why we offer downpayment assistance with all our mortgage programs.
Start with a homebuyer education class and connect with a Commission trained lender who knows our programs!
Take a Free Homebuyer Class >>
Talk to a Lender to Learn what program is right for you >>
Opportunity Downpayment AssistanceIngresos máximos
Límites del 80 % del valor de tasación (AMI) - Préstamos convencionales
Límites de ingresos para la ayuda «House Key»
House Key Opportunity serves people whose income is under the following limits. In Target Areas, those limits are higher. See our Target Area Map below to see if a home is in a Target Area.
| Condado | Área no objetivo (1-2 personas) | Zona no objetivo (3 o más personas) | Área de aplicación (1-2 personas) | Área objetivo (3 o más personas) |
|---|---|---|---|---|
| Clark/Skamania | $110,000 | $125,000 | $120,000 | $140,000 | King/Snohomish | $150,000 | $175,000 | $150,000 | $175,000 | Kitsap | $100,000 | $115,000 | $120,000 | $140,000 | Pierce | $115,000 | $135,000 | $115,000 | $135,000 | El resto de condados | $100,000 | $115,000 | $120,000 | $140,000 |
Maximum Purchase Price (House Key)
Maximum Purchase Price (House Key)
- Combines with the House Key Opportunity first mortgage loan program
- Ofrece hasta 15 000 dólares en ayuda para el pago inicial, con un interés simple del 1 %.
Homebuyers: Connect to this ProgramCualquier agente de préstamos formado por la Comisión puede ayudarte a determinar qué programa de ayuda para el pago inicial es el más adecuado para ti. | Lenders: Get the Details
Not yet one of our lending partners? Learn how to join us here! |
Which Homebuyers are Eligible?
- Owner-occupied only: The home must be your principal residence.
- Solo para quienes compran una vivienda por primera vez, o bien para quienes compren una vivienda en una zona objetivo
- Also, the home must not have been occupied by a tenant within 90 days of the purchase and sale agreement.
- Needs assessment is required for borrowers, except for military veterans. Your lender will take you through this process of supplying household financial information.
Use of Funds
- Funds may be used for downpayment and closing costs.
- Cash back to the borrower is not allowed.
Reembolso del préstamo del DPA
- No monthly payments required (just payment on your mortgage).
- El saldo vencerá y será pagadero cuando el prestatario:
- Sells, refinances, or transfers the property;
- Fails to maintain the property as their principal place of residence; or
- Liquida la hipoteca (en 30 años o antes)
Required Steps
- You must attend a free Homebuyer Education Class sponsored by the Washington State Housing Finance Commission and receive your certificate. You can take this class any time, but the earlier in your homeownership journey, the better. Learn more and find a class.
- Your lender will work with you to complete a Needs Assessment using your financial information. Military veterans are not required to complete this assessment.
¿Es este el programa adecuado para mí?
Don’t worry – you’ll work with a Commission-trained loan officer who will help you determine which of our downpayment assistance programs will work best for you, as well as the home price you can afford, how much cash you will need to close, and how much you can borrow. To find a lender, see our Premier Participating Lenders here.
| Condado | Área no objetivo | Área objetivo |
|---|---|---|
| Clark/Skamania | $495,000 | $550,000 | Isla | $400,000 | $475,000 | King/Pierce/Snohomish | $675,000 | $750,000 | Kitsap | $410,000 | $500,000 | San Juan | $410,000 | $480,000 | Whatcom | $425,000 | $500,000 | Skagit/Thurston | $390,000 | $475,000 | El resto de condados | $345,000 | $400,000 |
Áreas objetivo
Target areas are census tracts in Washington state that meet federal guidelines as economically distressed and, therefore, given special consideration under the House Key Opportunity program. Use the map to see if a property is within a target area. The map below shows you whether a property under consideration is in a target area. If so, the income limits for a House Key loan are higher.
Use the map to zoom in on an outlined target area. Or, look up the census tract by address here and enter the “tract code” in the search bar. “No Results Found” means the property is not in a target area.