House Key Plus Program

A down payment assistance second mortgage program with a 5.00% interest rate and a ten-year loan term. 

• Borrowers must be first-time homebuyers or buying in a targeted area.
• Borrowers must meet the acquisition cost and income limits for the House Key Program first mortgage. 
• TThe first mortgage must be a FHA House Key Loan, House Key Teacher, MyCommunityMortgage, MyCommunityMortgage 40 year, MyCommunityMortgage Interest Only, Freddie Mac Home Possible 100, or Freddie Mac Home Possible 97.

To be eligible for a House Key Plus loan you must not exceed the following income limits:

• Clark/Skamania Counties $67,900
• Island/King/Snohomish Counties $81,400
• Kitsap Counties $69,900
• All Other Counties $66,900

Borrowers must attend a Commission-sponsored homebuyer seminar prior to reserving funds under the House Key Program.   Cash back to borrowers is not allowed.

How much can you borrow?

Eligible households may qualify for a maximum loan amount of up to $10,000 in all counties.

A House Key participating loan officer can help you determine an acquisition price you can afford, how much cash you will need to close, and how much you can borrow on a House Key Plus loan.

Who are the Participating Lenders in House Key Plus?

See House Key Participating Lenders who have been helpful to first-time homebuyers.

Questions about the House Key Plus Program?  Please call Karen Carlson at 206.287.4413 or toll free in WA 800.767.4663, Ext. 413, or email karen.carlson@wshfc.org 

This page was modified on 06/18/2008.