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House Key Veterans
 House
Key Veterans is a down payment
assistance, second mortgage loan 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
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:
- Clark/Skamania Counties: $71,200
- King/Snohomish Counties: $85,600
- Kitsap/Thurston Counties: $71,900
- All
Other Counties: $70,400
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
* * * * * * *
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®.
08/06/2010
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