Homeownership Programs

House Key Veterans Program

A down payment assistance second mortgage program with a 3.00% interest rate and a ten-year loan term for Veterans who have served our country.

Have you contacted the Washington State Department of Veterans Affairs to discuss
your benefits?   Please visit http://www.dva.wa.gov or call 1-800-562-2308 

Who is Eligible:

• Persons receiving an honorable discharge or who have received a discharge for medical reasons with an honorable record; members and honorably discharged former members of the Washington National Guard and Reserve; and never remarried spouses and dependent children of deceased Veterans.
• 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. 
• The first mortgage must be a VA, FHA House Key Loan, House Key Teacher, MyCommunityMortgage,  or Freddie Mac Home Possible.

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

• Clark/Skamania/Thurston Counties: $70,000
• Island County:  $77,900
• King/Snohomish Counties: $84,300
• Kitsap County:  $70,900
• All Other Counties $69,300

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.

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 Veterans loan.

Who are the Participating Lenders in House Key Veterans?

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

Questions about the House Key Veterans Program? 

Contact Karen Carlson at 206.287.4413 or toll free in WA 800.767.4663, Ex 413 or karen.carlson@wshfc.org 

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Read about the Memorandum of Understanding between The Washington State Department of Veterans Affairs (WDVA), Washington State Housing Finance Commission (WSHFC), and Washington Association of Realtors®.

This page was modified on 02/25/2010.