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House Key Rural Program

House Key RuralHouse Key Rural is a second mortgage with a three percent (3%) simple interest rate. There are no monthly payments with the balance due and payable when the Borrower(s) 1) sells, refinances, transfers the property; 2) fails to maintain as principal place of residence; or 3) when the home is paid off (on or before 30 years).

Funds unavailable - now taking a wait list based on cancellations

  • Borrowers must be first-time homebuyers and meet the program’s purchase price and income limits.
  • Borrowers must earn 80% or less of their participating county’s area median income based on family size. Borrowers may qualify for a maximum loan amount of 6% of purchase price or $10,000, whichever is higher based upon need and availability of funds. (Minimum amount of assistance is $1,000). Participating counties and income limits below.
  • House Key Rural must be used with the Commission’s below-market interest rate first mortgage, the House Key Program. First Mortgage must be a Fixed MyCommunityMortgage, Freddie Mac Home Possible, Rural Housing Service 502 Guaranty or FHA 203(b), 234(c) House Key Loan. 
  • Borrowers must attend a Commission sponsored Homebuyer Education seminar prior to reservation of funds.
  • Cash back to Borrowers is not allowed.

Use of Funds

Funds may be used for down payment and closing costs based upon need.

Participating Lenders

See House Key Program for participating lenders.

Participating Counties

Adams, Asotin, Clallam, Columbia, Douglas, Ferry, Garfield, Grant, Grays Harbor, Island, Jefferson, Kittitas, Klickitat, Lewis, Lincoln, Mason, Okanogan, Pacific, Pend Oreille, San Juan, Skagit, Skamania, Stevens, Wahkiakum, Whitman, Yakima

Partial counties:

  • Partial Areas of Benton County: Benton City, Prosser, West Richland
  • Partial Areas of Chelan County: Cashmere, Chelan, Entiat, Leavenworth
  • Partial Areas of Clark County: Battle Ground, Camas, La Center, Ridgefield, Washougal, Woodland
  • Partial Areas of Cowlitz County: Castle Rock, Kalama, Kelso, Woodland
  • Partial Areas of Kitsap County: Bainbridge Island, Port Orchard, and Poulsbo
  • Partial Areas of Pierce County: Bonney Lake, Buckley, Carbonado, Eatonville, Orting, Pacific, Roy, South Prairie, Sumner, Wilkeson, Unincorporated Pierce County
  • Partial Areas of Snohomish County: Arlington, Darrington, Gold Bar, Granite Falls, Index, Lake Stevens, Marysville, Monroe, Snohomish, Stanwood, Sultan, and Unincorporated Snohomish County
  • Partial Areas of Spokane County: Airway Heights, Cheney, Deer Park, Fairfield, Latah, Medical Lake, Rockford, Spangle, Waverly
  • Partial Areas of Thurston County: Bucoda, Rainier, Tenino, Yelm
  • Partial Areas of Whatcom County: Blaine, Everson, Ferndale, Lynden, Nooksack, Sumas

Income Limits by County (80% of Area Median Income)

For Households of 5 to 8 people, please contact Premier Lender

County

1 Person

2 Person

3 Person

4 Person

Adams

$30,500

$34,900

$39,250

$43,600

Asotin

$30,150

$34,450

$38,750

$43,050

Benton *

$36,300

$41,500

$46,650

$51,850

Chelan *

$31,900

$36,500

$41,050

$45,600

Clallam

$31,250

$35,700

$40,200

$44,650

Clark*

$39,200

$44,800

$50,400

$56,000

Columbia

$31,800

$36,350

$40,900

$45,450

Cowlitz *

$32,400

$37,000

$41,650

$46,250

Douglas

$31,900

$36,500

$41,050

$45,600

Ferry

$30,500

$34,900

$39,250

$43,600

Franklin*

$36,300

$41,500

$46,650

$51,850

Garfield

$30,500

$34,900

$39,250

$43,600

Grant

$30,500

$34,900

$39,250

$43,600

Grays Harbor

$30,500

$34,900

$39,250

$43,600

Island

$43,600

$49,850

$56,050

$62,300

Jefferson

$32,950

$37,650

$42,350

$47,050

Kitsap *

$39,700

$45,350

$51,050

$56,700

Kittitas

$33,200

$37,950

$42,700

$47,450

Klickitat

$30,500

$34,900

$39,250

$43,600

Lewis

$30,500

$34,900

$39,250

$43,600

Lincoln

$30,500

$34,900

$39,250

$43,600

Mason

$32,100

$36,700

$41,250

$45,850

Okanogan

$30,500

$34,900

$39,250

$43,600

Pacific

$30,500

$34,900

$39,250

$43,600

Pend Oreille

$30,500

$34,900

$39,250

$43,600

Pierce *

$38,150

$43,600

$49,050

$54,500

San Juan

$37,400

$42,750

$48,100

$53,450

Skagit

$34,350

$39,250

$44,150

$49,050

Skamania

$39,200

$44,800

$50,400

$56,000

Snohomish *

$44,800

$51,200

$57,600

$64,000

Spokane *

$32,250

$36,900

$41,500

$46,100

Stevens

$30,500

$34,900

$39,250

$43,600

Thurston *

$39,200

$44,800

$50,400

$56,000

Wahkiakum

$34,450

$39,350

$44,300

$49,200

Walla Walla

$32,100

$36,700

$41,250

$45,850

Whatcom *

$36,050

$41,200

$46,350

$51,500

Whitman

$32,300

$36,900

$41,550

$46,150

Yakima

$30,500

$34,900

$39,250

$43,600

 *Partial County

Maximum Purchase Price Limits

County

Benton     

Clark

Clallam

Chelan

Douglas

Franklin

Island

Jefferson

Kitsap

Kittitas

Mason

Pierce

San Juan

Skagit

Skamania

Snohomish

Spokane

Thurston

Whatcom

All Other

Maximum Purchase Price

$208,905*

$304,950*

$225,150

$235,000*

$235,000

$208,905*

$289,750

$332,500

$300,000*

$235,000

$235,000

$362,790*

$362,790

$283,983

$235,000

$362,790*

$202,350*

$235,000*

$285,000*

$200,160*

*Partial County

If you have questions about the House Key Rural 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 03/05/2010.