Frequently Asked Questions – New Lenders
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Home Advantage is a mortgage loan program offered by the Washington State Housing Finance Commission through participating lenders across the state. It offers a range of downpayment assistance options as well as competitive interest rates. Your lender will qualify you on a typical 30-year mortgage loan using our interest rate. To get started, contact one of our partner lenders or take a FREE homebuyer education class. You can learn more about Home Advantage here.
No. Your lender training is broken up into two parts – you can take the second part no later than 12 months of taking the first training. They can be done on different dates.
It’s easy to become a participating lender! Click here for information.
Just sign up for our Initial Training for Homeownership Professionals on our Training page. After completing the two half-days of training, you’ll be approved to teach Commission-sponsored homebuyer education classes.
Keep in mind, you will need a teaching partner. All our classes are taught in tandem by both a lender and a real-estate professional. We can help you find a co-instructor, if you need one!