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Home Advantage Down Payment Assistance

First Time Homebuyers Secondary Home Buyer Financial Hardship Down Payment Assistance (DPA) Closing Costs Reduced Interest Rate

Type Of Program

Down Payment & Closing Costs

Program distribution

Forgivable Second Mortgage

Program Originator

Washington State Housing Finance Commission

Amount

$0.00

Contact

800.767.4663 or email info@heretohome.org or Corinna.Obar@wshfc.org

Blocks

Location
Nationwide
Description

This program is restricted statewide to people with income of $160,000 or less. Before you are a client for this program, you must attend a commission sponsored seminar. If you are using conventional HFA preferred loan, you may qualify for 5%, otherwise you may qualify for up to 4% of the total loan amount. This a 0% interest second mortgage that is deferred for 30 years. Cashback to borrowers is not allowed. 

AMI Limit

No

AMI

Employer Participation Required

No

Must Earn Counseling Certificate

No

Eligibility Limitations

Cash Sale Permitted

No

Cosigner Permitted

No

Owner Financing Permitted

No

Must be Primary Residence

No

Program Provider's Contact Name

Program Provider's Address

Program Provider's Phone

Program Provider's Email