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HOMEOWNERSHIP DIVISION

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:

Maximum Purchase Price

$431,300

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 09/26/2008.