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Second Mortgage Loans for Downpayment Assistance

These programs provide assistance for downpayment and closing costs and they can only be used with the Commission's first mortgage loan programs. 

All downpayment assistance loans are due and payable upon sale, transfer, non-occupancy or refinance of property.  The Commission does not subordinate our second mortgages upon refinance of the first mortgage.

Home Advantage 
 

Home Advantage is a second mortgage program for qualified borrowers. Funds up to 4% of the first mortgage loan amount.

Home Advantage Rebound  
 

Home Advantage Rebound is a second mortgage program for qualified borrowers. Funds up to $10,000 for folks using the Home Advantage First Mortgage and purchasing a Bank owned, foreclosed or short sale property. 

HomeChoice
 
 

HomeChoice is a second mortgage program for qualified borrowers who have a disability or a family member with a disability living with them.  Funds up to $15,000.  One-on-one counseling is required.

House Key Plus Seattle
  
  

House Key Plus Seattle is a second mortgage program for people living within the city limits of Seattle. Funds up to $45,000.

 House Key Schools
  
  

House Key Schools is a second mortgage program for teachers and employees of community or technical colleges and K-12 public or private schools.  Funds up to $10,000.

House Key Veterans
 
 

House Key Veterans is a second mortgage program for Veterans who have served our country. Funds up to $10,000.

HouseKey ARCH
 
 

House Key Plus ARCH East King County is a second mortgage program for qualified borrowers buying a home or condominium within an ARCH member city or surrounding unincorporated east King County ARCH area.

Additional Downpayment Assistance Available ONLY with House Key Opportunity Program

New Home for You Program
A second mortgage program for homebuyers purchasing new construction.  Funds up to $10,000.

Questions about homeownership?

Please call us at 800.767.4663 or email askusHO@wshfc.org.

DISCLAIMER The sponsorship by the Commission of a homebuyer education seminar does not endorse a person, business practice, product or service other than those of the Commission.

05/14/2013

     
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Washington State Housing Finance Commission
1000 Second Avenue, Suite 2700, Seattle, WA 98104
Phone: 206.464.7139 or 800.767.4663 | Fax: 206-587-5113 | WebMaster@wshfc.org
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