House Key Plus Seattle

Down Payment Assistance Loan Program

House Key Plus Seattle combines with the House Key State Bond below-market interest rate first mortgage loan program.  This program is for people living within the city limits of Seattle.

You must be able to qualify for the House Key State Bond first mortgage loan program.  The first mortgage must be a FHA House Key Loan, House Key Teacher, MyCommunityMortgage or Freddie Mac Home Possible.

This program allows up to $60,000 in down payment assistance with payments deferred for 30 years, at 3% simple interest.  There is Shared Appreciation required for the first 9 years.

You must be a first-time homebuyer and the home you are purchasing must be your principal residence and owner-occupied. The definition of a first-time homebuyer is that you have not owned a home anytime in the past three years.

You must attend a free Homebuyer Education Seminar sponsored by the Washington State Housing Finance Commission and receive your certificate.  The seminar will provide you with the information you will need to purchase and maintain your first home.

Maximum Income Limits

To be eligible for House Key Plus Seattle, your household income must not exceed these limits:

1 person $43,050 | 2 person $49,200 | 3 person $55,350 | 4 person $61,500
5 person $66,400 | 6 person $71,350 | 7 person $76,250 | 8 person $81,200

Maximum Purchase Price

$362,790.00

Participating Lenders

• We would like to thank the following Lenders for their participation in House Key Plus Seattle Program.
• Gerri Rasmussen, Network Mortgage Services  425.248.2319 gerrir@networkhomeloans.com
• Mia Vermillion, Key Bank  253.861.8812 mia_r_vermillion@keybank.com
• Leslie Martin, Eagle Home Mortgage  206.664.6305 martinl@eaglehomemortgage.com
• Cristie Stapp, Eagle Home Mortgage, 206.664.6302 cstapp@eaglehomemortgage.com
• Michelle Taul, First Horizon Home Loans, 425.576.2217 mtaul@firsthorizon.com
• Kim Toskey, Eagle Mortgage, 800.466.6733 toskeyk@eaglehomemortgage.com
• Kate Beck, First Horizon Home Loans  206.691.2926 katebeck@firsthorizon.com
• Dan Blair, First Horizon Home Loans  206.691.2909 dblair@fhhlc.com
• Dave Craig, First Horizon Home Loans  206.691.2911 dcraig@fhhlc.com
• Tony Alcantara, Golf Savings Bank, 206.287.5768 talcantara@golfsavingsbank.com
• Affinity Lending Group: Dean KiloDavis,  Jeff Wood, HomeStreet Bank Affinity Lending, 206.628.0207
• Joan Meyers, Seattle Mortgage,  206.940.6461 jmeyers@seattlemortgage.com
• Bob Phillips, Seattle Mortgage,  206.812.3488 bphillips@seattlemortgage.com
• Rose Pinciotto, First Horizon,  206.625.1500 rpinciotto@firsthorizon.com
• Mark Williams, Evergreen Home Loans, 425.576.3777 mwilliams@evergreenhomeloans.com

If you have questions about the House Key Plus Seattle Down Payment Assistance Program, please contact Karen Carlson at 206.287.4413 or toll free in Washington State 800.767.4663, Ext. 413, or by e-mail karen.carlson@wshfc.org

This page was modified on 06/26/2008.