Down Payment Assistance
Homeownership is within reach
Minimum Credit Scores for Washington State Housing Finance Commission (WSHFC) 620+
ALL programs can be combined to MANY programs.
3.5% down payment assistance grant, can use for your down payment or closing costs. LEARN MORE
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.
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 limites 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.