- MORE PROGRAMS
Home Advantage Program
Home Advantage Rates | House Key Opportunity Rates
|Points:***||Effective 02/23/2017 at:|
|FHA and VA Loans:|
|USDA Rural Development Loans:|
|Starting January 1, 2017, until further notice, WSHFC will offer the conventional Home Advantage Program on a limited basis. Contact your lender for further information.*|
|Conventional HFA Preferred Loans:|
|Conventional HFA Preferred with no WSHFC DPA:|
HOW TO GET STARTED
a Free Homebuyer Education Seminar. It will provide you with the steps to buying your first home. You
will receive a certificate upon completion of the class, valid for two years. This
will be a requirement of your loan process.
Contact a Commission-Trained Loan Officer. They can find the right loan type that will work with our programs to see if you qualify. They also know the income limits we require.
Once you know how much you qualify for, it is time to look for a home. Your lender and real estate professional will work with you to locate and finance a home.
ADDITIONAL HELP WITH HOMEOWNERSHIP
Washington State Dept. of Financial Institutions protects Washington homeowners and buyers. Free state sponsored counseling is available to Washington residents who are facing foreclosure, thinking of buying a home, or considering refinancing. To speak with a counselor, call the Washington Homeownership Information Hotline at 1.877.894.HOME (1.877.894.4663).
HOME ADVANTAGE FIRST MORTGAGE LOAN
Do you qualify?
If you've attended
and obtained a certificate from a Commission-sponsored
homebuyer education seminar within the last
If you meet the program income limits listed below; and...
If you meet with a Commission trained loan officer and determine that you qualify for a mortgage loan according to FHA, VA, Conventional, Rural Housing Services (RHS),
Then... you may qualify!
These Participating Lenders have a proven track record of originating
and closing Home Advantage loans.
See Premier Participating Loan Officers.
1st Security Bank of Washington
Alaska USA Mortgage
American Pacific Mortgage
Axia Home Loans
Bank of the Pacific
Bay Equity Mortgage
Caliber Home Loans
Chimney Rock Mortgage
City First Mortgage Services
Cornerstone Home Lending
Diamond Residential Mortgage
Eagle Home Mortgage
Equity Home Mortgage
Evergreen Home Loans
Fairway Independent Mortgage
Finance of America
First California Mortgage Co.
First Continental Mortgage
Global Credit Union
HomeBridge Financial Services
Land Home Financial Services
Landmark Professional Mortgage
LoanStar Home Lending
Mortgage Express, LLC
Mountain West Bank
Network Mortgage Services
New American Funding
Numerica Credit Union
On Q Financial
Paramount Equity Mortgage
Premier Mortgage Resources
Primary Residential Mortgage
Priority Home Lending
Security National Mortgage
Skyline Home Loans
Summit Mortgage Corporation
Universal American Mortgage
Veteran’s United Home Loans
Vitek Mortgage Group
Wells Fargo Bank, NA
QUESTIONS REGARDING PARTICIPATING LENDERS
Borrowers must not exceed the Maximum Annual Income Limit: Statewide $97,000
WHEN WILL THESE FUNDS BECOME AVAILABLE?
Funds for the Home Advantage program are continuously available and are subject to market rates and conditions. If you have questions about the Home Advantage Program, please call us at 800.767.4663 or email askusHO@wshfc.org or Corinna.Obar@wshfc.org.
WHEN CAN MY LOAN OFFICER LOCK MY RATE?
Your loan officer can lock your rate after you have a fully executed purchase and sale agreement and after you have taken a Commission sponsored homebuyer education seminar. Please check with your lender regarding locking your loan as loans must be delivered prior to lock expiration and each lending institution will have their own internal guidelines. If a reservation of funds is made before you take a Commission sponsored homebuyer education seminar, the current reservation will be considered invalid and will be subject to worst case pricing. No exceptions.
*Conventional locks have limitations.
**This is not an advertisement for credit as defined in Regulation Z; contact a WSHFC Participating Lender for Annual Percentage Rate ("APR"). ***Further fees may apply. Contact your participating loan officer for more information. Interest rate buydowns are prohibited.
DISCLAIMER: The sponsorship by the Commission of a homebuyer education seminar does not endorse a person, business practice, product or service other than those of the Commission.