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House Key Schools Program is a down payment assistance second mortgage loan program with a 3.00% interest rate and a ten-year loan term for teachers and employees of community or technical colleges and K-12 public or private schools that are accredited or recognized by the state of Washington. House Key Schools combines with the House Key State Bond first mortgage loan program.
Borrowers must attend a Commission-sponsored homebuyer seminar prior to reserving funds under the House Key Program. Cash back to borrowers is not allowed.
Eligible households may qualify for a maximum loan amount of up to $10,000.
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 Schools loan.
See
House Key Participating Lenders who have been helpful
to first-time homebuyers.
Please call Karen Carlson at 206.287.4413 or toll free in WA 800.767.4663, Ext. 413, or email karen.carlson@wshfc.org
06/08/2011