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

February 1, 2016
City of Bellingham Downpayment Assistance Funds Now Available

The Washington State Housing Finance Commission is pleased to announce a new Downpayment Assistance Program!

CITY OF BELLINGHAM DOWNPAYMENT ASSISTANCE PROGRAM

In partnership with the City of Bellingham, funding is now available for the Bellingham Downpayment Assistance program for borrowers purchasing within the City of Bellingham limits.

Amount Available

$450,000

Dates of Availability

Loan reservations will be accepted for the City of Bellingham Downpayment Assistance Program for borrowers at or below 80% of Area Median Income beginning February 1, 2016. The downpayment assistance loan must be used in conjunction with a Home Advantage or House Key Opportunity first mortgage. City of Bellingham Downpayment Assistance funds offer up to $40,000 in downpayment assistance and have a reduced rate of 3% deferred simple interest with no monthly payments. Please see the manual on our website at wshfc.org/sf/downloads.html  for complete terms and conditions. Further restrictions apply. Program funds are subject to availability.

For more information about City of Bellingham Downpayment Assistance Program, please contact Dietrich Schmitz at 206-287-4459 or dietrich.schmitz@wshfc.org.

   

 
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