WSHFC Home Advantage Down Payment Assistance Loan

About This Program

WSHFC's Home Advantage program provides down payment assistance as a second mortgage equal to 4% of the first mortgage amount (up to ~$15,000) at 1% interest with 30-year deferred payments. Household income must not exceed $215,000; borrowers in King or Snohomish counties earning under $147,400 qualify for the maximum $10,000 assistance. All borrowers must complete an approved homebuyer education seminar. Intended for first-time buyers purchasing a primary residence in Washington State.

4% of a $350,000 mortgage equals $14,000 in down payment assistance.

Key Details

• Second mortgage of 4% of first loan (up to ~$15,000)
• 1% interest rate, 30-year deferred payments
• King/Snohomish County income limit: $147,400
• Household income cap $215,000; must be primary residence
• Homebuyer education seminar required; call 1-800-767-4663

How to Apply

Deadline: Rolling