Homeownership Programs

Washington State Housing Finance Commission Homeownership Programs help low- and moderate-income first-time homebuyers purchase their first home.

| Getting started  | Lenders who can help | Homebuyer Education Seminars

House Key Interest Rates...

Fixed interest rate for 30 years*:

• 6.00% (maximum 2.00 points)
• 6.25% (maximum 1.00 point)
• 6.50% (with 0 points)

30 Year Interest Only, 40 Year Fixed, 40 Year Interest Only*:

• 6.25% (maximum 2.00 points)
• 6.50% (maximum 1.00 point)
• 6.75% (with 0 points)

*For conventional financing only, further pricing adjustments apply. These fees are paid directly to Fannie Mae and Freddie Mac upon loan purchase and not to the Washington State Housing Finance Commission or the lender. Please check with your loan officer for additional information.

With our help getting started is as easy as...

1.  Attend a free Homebuyer Education seminar. 

2.  Contact a Commission-trained loan officer to see what you will qualify for. 

3.  Once you know how much you qualify for, it is time to look for a home. 

Looking for additional help with homeownership?

• Washington Homeownership Center is an unbiased, community-sponsored, non-profit agency that knows the programs, products and people throughout Washington State that can help.
• Washington State Dept. of Financial Institutions, protecting Washington homeowners and buyers.
  Free state sponsored counseling is available to Washington residents who are facing foreclosure, thinking of buying a home, or considering refinancing.  To speak with a counselor, call the Washington Homeownership Information Hotline at 1.877.894.HOME (1.877.894.4663).

Program Highlights

• Homeownership Program Brochure (PDF) Steps and Programs for Owning Your Own Home
• “Lower-income loans are out there for first-time home buyers”   Seattle P-I, 03/01/2006
  Reporter Deborah Bach looks at the many options available to people buying their first home.
• Guide to Home Loans CD  Department of Financial Institutions
• The Mortgage Credit Certificates program has been discontinued as of February 4, 2008.

This page was modified on 09/02/2008.