About the Program

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• Combines with the Home Advantage first-mortgage loan program
• Offers 3%, 4%, or 5% of the first-mortgage loan amount in downpayment assistance at 0% interest.
• Statewide income limit = $215,000
• Purchasing a home for under $250,000? See our Home Advantage Needs-Based Downpayment Assistance option above.
• Which Homebuyers are Eligible?
• First-time homeownership not required
• Owner-occupied only: The home must be your principal residence.
• Household income must not exceed $215,000 a year.

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DPA Loan Repayment

• No monthly payments required (just payment on your mortgage).
• The balance is due and payable when the borrower:
• Sells, refinances, or transfers the property;
• Fails to maintain the property as their principal place of residence; or
• Pays off the home (at 30 years or before)

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Use of Funds

• Funds may be used for downpayment and closing costs.

Required Steps

• You must attend a free Homebuyer Education Class sponsored by the Washington State Housing Finance Commission and receive your certificate. You can take this class any time, but the earlier in your homeownership journey, the better. Learn more and find a class.

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