HomeChoice

Washington State's HomeChoice Second Mortgage Program


The HomeChoice second mortgage program is a Down Payment Assistance Second Mortgage loan for people with disabilities or who have a family member with a disability living with them.

How do I get started?

The first step is to meet with a House Key Lender in your area that has been trained on the HomeChoice program.  The House Key Lender will determine if you are eligible for the HomeChoice second mortgage program and will then refer you to a free  homebuyer education seminar and a HomeChoice trained Service Provider.  For additional trained lenders or service providers, please email Karen Carlson at karen.carlson@wshfc.org or call 206-287-4413.
 

HomeChoice Borrower

How do I qualify?

The HomeChoice Second Mortgage program is a Down Payment Assistance Program for low- to-moderate income people with a disability or who have a family member with a disability living with them and qualify for a Fannie Mae Conventional 30 year, 40 year or Interest Only House Key State Bond first mortgage.

A 1.00% interest rate on the Down Payment Assistance loan program for first-time homebuyers (borrowers who haven't owned and occupied their primary residence in the past three years).  If you buy in a targeted area you do not have to be a first-time homebuyer.  Borrowers must meet the acquisition cost and income limits for the House Key program.

To be eligible for a HomeChoice loan you must not exceed the following income limits*:

  • Clark/Skamania Counties $67,900

  • Island/King/Snohomish Counties $81,400

  • Kitsap County  $69,900

  • All Other Counties $66,900

*Other requirements may apply.  Please check with your lender or service provider to verify the limits.

Manufactured homes not allowed.

HomeChoice borrowers also must complete a Commission-sponsored homebuyer education seminar prior to reservation of funds.
 

Benefits

HomeChoice uses the interest rate advantage of the House Key conventional loan program.

Down payment assistance - The Program offers up to $15,000 per household in a 1.00% interest, payment deferred second mortgage. Second mortgages are due when home is sold, or if home is refinanced or after 30 years. The Commission will forgive the interest on a HomeChoice second mortgage only if borrower is not in default on the House Key first mortgage.


PARTICIPATING LENDERS

We would like to thank the following Lenders for their participation in the House Key and HomeChoice down payment assistance program:

BANNER BANK

Josh Martin
360-752-8253 | Bellingham | jmartin@bannerbank.com

Kelly Farrington
509-735-0810 | Kennewick | kfarrington@bannerbank.com

Mark Rowley
509-735-0812 | Kennewick | mrowley@bannerbank.com

LaRae Martin
800-767-9933 | Walla Walla | lmartin@bannerbank.com

Kim Monfort
509-573-6718 | Yakima | kmonfort@bannerbank.com


COUNTRYWIDE BANK

Mia Vermillion
253-942-3345 | Federal Way | mia_vermillion@countrywide.com

Lynne Garton
253-942-3321 | Federal Way | lynne_garton@countrywide.com

Gay Barnum
253-583-5807 | Lakewood | gay_barnum@countrywide.com

Theresa Beisse
360-442-7942 | Longview | theresa_beisse@countrywide.com

Cristi Zacherle
509-483-5819 | Spokane | cristine_zacherle@countrywide.com

Paul Kinzel
509-228-6102 | Spokane | paul_kinzel@countrywide.com

Stephanie Smith
360-546-8611 | Vancouver | stephanie_smith@countrywide.com


EAGLE HOME MORTGAGE

Matt Riener
509-362-1453 | Coeur d’Alene/Spokane | mriener@eaglehomemortgage.com

Kim Toskey
800-380-2570 | Seattle/Everett | toskeyk@eaglehomemortgage.com

Leslie Martin
206-818-9500 | Seattle | martinl@eaglehomemortgage.com

Cristie Stapp
206-664-6302 | Seattle | cstapp@eaglehomemortgage.com

Jeff Ogino
206-664-6304 | Seattle | jogino@eaglehomemortgage.com

Gayle Stockton
509-926-7270 | Spokane | gstockton@eaglehomemortgage.com

Lynn Posselt
360-573-4112 | Vancouver | possell@eaglehomemortgage.com

Christine Robison
360-573-4112 | Vancouver | crobison@eaglehomemortgage.com


EVERGREEN HOME LOANS

Michelle Wickett
360-459-1200 | Lacey | mwickett@evergreenhomeloans.net


FIRST HORIZON HOME LOANS

Dave Craig
206-523-5455 | Seattle | dcraig@fhhlc.com

Cheryl Lohmeyer-Helpren
360-449-8226 | Vancouver | clhalpern@firsthorizon.com

Michelle Taul
425-576-2217 | Kirkland | mtaul@firsthorizon.com

Laura Wells
509-944-3847 | Spokane | LAWells@FirstHorizon.com


GLOBAL CREDIT UNION

Mark Wrenn
509-455-4668 | Spokane | mark.wrenn@globalcu.org

Shilo Nokes
509-455-4661 | Spokane | shilo.nokes@globalcu.org


GOLF SAVINGS

Jennifer Lau
206-219-2487 | Seattle | jlau@golfsavingsbank.com

Ron McVay
509-464-5064 | Spokane | rmcvay@golfsavingsbank.com

Fenja Swope
509-249-9600 | Yakima | jswope@hotmail.com


KEY BANK

         John Oldham
        
253-225-1866 | Lakewood | john_l_oldham@keybank.com

 

NUMERICA CREDIT UNION

Linda Chinault
509-536-6118 | Spokane | lchinault@numericacu.com

Kathy Lyda
509-536-6116 | Spokane | klyda@numericacu.com


PEOPLES BANK

Alona Wrightson
360-676-5880 | Bellingham | alona.wrightson@peoplesbank-wa.com

Catherine Martyn
360-678-5244 | Coupeville | catherine.martyn@peoplesbank-wa.com

Margaret Adams-Curry
360-424-2056 | Mt Vernon | margaret.curry@peoplesbank-wa.com


WARD LENDING

          Jan Ward
        
 360-709-9000 x109 | Olympia | janw@wardlg.com

 

WASHINGTON MUTUAL

Kelly Dodd
425-990-4626 | Bellevue | kelly.dodd@wamu.net

Christina Aho
425-356-2730 | Everett | christina.aho@wamu.net

 

HOMECHOICE SERVICE PROVIDERS

Adams County
North Columbia Community Action, Staff member (877) 279-4569


Asotin County
Valley Residential Services, Nancy Riggle  (509) 522-0400


Clarkston-Lewiston, ID
Community Action Partnership, Sandra Smith  (800) 326-4843


Benton & Franklin Counties
Consumer Credit Counseling Services, Liza Beam (509) 737-1973  www.cccswaor.org


Chelan County
Chelan County Consumer Credit Counseling, Any staff member (509) 248-5270


Clallam & Jefferson Counties
Kitsap County Consolidated Housing Authority, Marvelle Lahmeyer (360) 535-6120,  www.kccha.org


Clark County
Columbia Non-Profit Housing, Leslie Caponette (360) 993-9555

Community Housing Resource Center, Teri Duffy (360) 690-4496 x100


Ferry County
Rural Resources Community Action, Jan Owens (509) 685-6179  www.ruralresources.org


Franklin & Benton Counties
Consumer Credit Counseling Services, Liza Beam (509) 737-1973  www.cccswaor.org


Grant & Lincoln Counties
Consumer Credit Counseling, Karin Smith (509) 765-6599  www.cccsyakima.org
North Columbia Community Action, Staff member (877) 279-4569


King County

Bellevue/Kirkland:
Consumer Credit Counseling NW, Any Staff Member (800) 244-1183  www.ccnw.org

Seattle:
Homestead Community Land Trust, Staff member (206) 323-1227  www.homesteadclt.org
HomeSight, Pat Montgomery  (206) 760-4238  www.homesightwa.org  HomeSight clients only
International District Housing Alliance, (206) 623-5132  www.apialliance.org
Parkview Services, Marc Cote  (206) 334-0731  www.parkviewservices.org


Kittitas County
Consumer Credit Counseling Service, Merry Ames (509) 248-5270  www.cccsyakima.org


Kitsap, Mason & Grays Harbor Counties
Kitsap County Consolidated Housing Authority, Marvelle Lahmeyer (360) 535-6120,  www.kccha.org


Lincoln & Grant Counties
North Columbia Community Action, Staff member (877) 279-4569


Okanogan County
Okanogan County CAC, Staff Member (509) 422-4041


Pend Oreille County
Rural Resources Community Action, Jan Owens, (509) 685-6179 www.ruralresources.org


Pierce County
Consumer Counseling NW, Any Staff Member  (800) 244-1183 www.ccnw.org


San Juan County
Opal Community Land Trust, Julie Brunner, www.opalclt.org, (360) 376-3191


Skamania County
ACORN Housing, Any staff member, www.acorn.org, (503) 788-4362


Snohomish County
disAbility Resource Connection, Nicole Selene (800) 315-3583 www.drconline.net 


Spokane County
Spokane Neighborhood Action Programs, Any Staff Member (509) 456-7105 www.snapwa.org
The ARC of Spokane, Cathie Griffith (509) 328-6326 www.arc-spokane.org


Stevens County
Rural Resources Community Action, Jan Owens, (509) 685-6179 www.ruralresources.org


Thurston County
Consumer Counseling NW, (800) 244-1183 www.ccnw.org


Walla Walla County
Valley Residential Services, Nancy Riggle (509) 522-0400


Whatcom, Skagit & Island Counties
Kulshan Community Land Trust, Erika Malone  (360) 671-5600, x1, www.kclt.org


Yakima County
Consumer Credit Counseling Service, Merry Ames, (509) 248-5270 www.cccsyakima.org

If there is no Service Provider located in your area, please refer to a service provider in a neighboring county or e-mail Karen Carlson:  karen.carlson@wshfc.org
 


Questions about HomeChoice?  Please e-mail Karen Carlson karen.carlson@wshfc.org

 

This page was modified on 05/01/2008.