Home Advantage Downpayment Assistance – Needs Based Program

Home Advantage also offers Needs Based Downpayment Assistance. This second mortgage loan program has a 1% interest rate, payment deferred for 30 years, and also combines with the Home Advantage first mortgage loan program.


Please inquire with your lender to see if you qualify for a loan amount of up to $10,000.

MAXIMUM INCOME LIMIT as of 08/28/2018

To be eligible for a Home Advantage Downpayment Assistance Needs Based loan, you must not exceed the following income limits:

King/Snohomish $103,400

All Other Counties $81,100


There is no assessment of need for Veterans to be eligible for the $10,000 loan amount.


Borrowers must attend a Commission-sponsored homebuyer seminar prior to reserving funds under the Home Advantage Program. Cash back to borrowers is not allowed.


A participating loan officer can help you determine the home price you can afford, how much cash you will need to close, and how much you can borrow on a Home Advantage loan. See Premier Participating Lenders who have been helpful to homebuyers. Further restrictions apply.


If you have questions about the Home Advantage Needs Based Downpayment Assistance Loan Program, please contact Dietrich Schmitz at 206-287-4459 or toll free at 800-767-4663, Ext. 459, or by e-mail to


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