Down Payment Assistance

A New Way to Finance Your 3.5% Down Payment*

Introducing Movement Boost for FHA Applicants

Get a Serious Boost!

Movement Boost is a new program that helps qualified FHA borrowers cover their entire 3.5% down payment and even a portion of closing costs.

How Does It Work?

Apply to have your entire 3.5% down payment covered via a second lien. Need help with closing costs, too? Movement Boost allows for an additional 1.5% to put toward closing costs.

*For qualified borrowers. Additional restrictions apply.

Ready to boost your homebuying goals?

Contact me to learn more or to get started.

The Details*

  • Movement Boost could cover your entire FHA down payment plus 1.5% to put toward closing costs via a repayable second lien with a 10-year amortization term and a rate at 2% above the first lien rate

  • Available nationwide with the exception of New York

  • Available to first-time and repeat home buyers

  • Gift funds allowed

  • Minimum 620 FICO score required

  • Maximum 56.99% DTI ratio

  • FHA loan limits for each county apply

  • Primary residence only

    • Single-family homes

    • Multi-family homes up to 2 units

    • Condos

    • Manufactured homes (640 FICO score required)

Maximum Loan Limits

1 Family : $679,650 | 2 Family : $870,050

Homeownership is within reach

Minimum Credit Scores for Washington State Housing Finance Commission (WSHFC) 620+

ALL programs can be combined to MANY programs.

The Freddie Mac Lakeview Loan

The Freddie Mac Lakeview no Ml program is a conventional loan product option that allows you to have buying power without the added monthly cost of mortgage insurance (Ml).

Some of the key program features include:

  • Eliminates the requirement for Ml prior to closing

  • Available for purchases and rate/term refinances

  • Primary residences and second homes with a minimum FICO 620

  • Purchase only investments with a minimum FICO 680

  • All standard Freddie Mac underwriting guidelines apply

  • Available for LTV’s between 80.01-97%

Home Advantage “Needs Based”

Up to $10K as needed with a 1% interest rate.

Home Advantage DPA

Up to 4% of the loan amount.

Home Advantage Conventional

Up to 5% of the loan amount, conventional only.

Tacoma Down Payment

Up to $20K, for designated area’s only. $1000 down payment. HQS inspection required.

Pierce County DPA

Up to $24,900 – doesn’t apply to city limits of Tacoma, Lakewood, Auburn, Pacific or Bonney Lake. $1000 down payment. HQS inspection required.

Home Choice

Program for families with disabilities up to $15K DPA, 1% interest.

House Key VA

Up to $10K for down payment assistance at 3% interest rate. Need based only.

House Key Opportunity

$10K – lower rate option with assistance.

House Key Plus ARCH

For East King County homes. Up to $30K toward down payment assistance. 4% simple interest, no payment for 30 years. Shared appreciation on loan, meaning portion of equity could be owed back.

House Key Plus Seattle

Must be within the city limits of Seattle. Minimum of 1% as down payment from the borrower, up to $45K for the down payment assistance. Shared appreciation on loan, meaning portion of equity could be owed back.

Oregon Bond Residential Loan Program

Helping first time homeowners achieve their housing goals. Oregon Housing and Community Services (OHCS) helps Oregon households buy a home by providing below-market rate financing and cash assistance through the Oregon Bond Residential Loan Program. The program offers a below-market interest rate which helps eligible families increase their home purchasing power and allow for lower housing payments.

  • Hard-to-beat below market rates

  • Long-term interest savings

  • Maximize purchasing power

  • No prepayment penalty

  • Lower monthly payments

Each loan program has specific guidelines in regards to income limits and qualifications. Property types allowed: Single Family Residences, Warrantable Condos and Manufactured Homes.