Information for Single-Family Lending and Real Estate Professionals
Program Announcement

November 9, 2015
House Key Opportunity Funds

After successfully reserving all previously announced House Key Opportunity fund allocations, the Washington State Housing Finance Commission is pleased to announce the House Key Opportunity program has been awarded additional funding with no predetermined maximum cap on the amount of funds available. The Commission expects to continue the program until such time that it is no longer economically feasible.

Please note: Program interest rates are market driven. Please expect notification of changes in rates at any time.

Interest Rates

3.00% - 1% origination for FHA, VA, and USDA loans
3.25% - 1% origination for Conventional loans
Lender Net: 2%


90 days (through loan purchase)

Loan must be purchased within reservation period or extension fees will apply.
Reservations can be made Monday – Friday from 9:00 am – 4:00 pm PST excluding holidays.

Loan Term

30 years fixed

Eligible Applicants

Households purchasing never occ+upied new construction or in a community land trust (with or without downpayment assistance). IRS household compliance income restrictions apply.

OR Applicants using the following Commission downpayment assistance programs:

Opportunity (new)





Pierce County

House Key Veterans

Purchasers using community second programs previously used with the House Key Opportunity program. Please see our Community Programs List posted on our website:

*The total amount of funds for this proposed program is dependent on housing revenue bond market conditions and the program may be withdrawn at any time after funding availability is announced.


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