HOMESITE MAP | SEARCH | CONTACT   Twitter Facebook

House KeyOpportunity Downpayment Assistance Loan Program

Disclaimer: The Commission does not endorse a person, business practice, product or service other than those of the Commission.

Opportunity is a downpayment assistance, second mortgage loan program with a 1.00% interest rate, payment deferred for 30 years, up to $15,000 and combines with the Opportunity first mortgage loan program.

Borrowers must be first-time homebuyers or buying in a target area.  Borrowers must also qualify for the Opportunity first mortgage loan program.

MAXIMUM INCOME LIMIT as of 5/17/2023

COUNTY 1-2 persons 3+ Persons
King/Snohomish $80,750 $100,900
Clark/Kitsap/Pierce/Skamania/Thurston/Whatcom $72,200 $90,200
All other counties $59,150 $73,900

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

MAXIMUM LOAN AMOUNT

Eligible households may qualify for a maximum loan amount of up to $15,000 based on need. There is no assessment of need for Veterans to be eligible. A participating loan officer can help you determine the sales price you can afford, how much cash you will need to close, and how much you can borrow.

PARTICIPATING LENDERS

See Premier Participating Lenders who have been helpful to homebuyers.

Further restrictions apply.

QUESTIONS

If you have questions about the Opportunity 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 dietrich.schmitz@wshfc.org.

   

 
Home | About | ADA | CareersCommissioners | Contact UsEventsMy View Newsletter | Publications | Homeownership: Homebuyer Programs | Information for Lenders | Information for Real Estate Professionals | Information for Instructors | Multifamily Housing: 9% Housing Credit | Bond/Tax Credit | 501(c)(3) Housing BondsSpecial Programs: Energy | Farmer/Rancher | Nonprofit FacilitiesLand Acquisition Program | Property Managers: Asset Management and Compliance Information for Investors: Official Statements, Annual Reports, Interim Information |  Privacy Notice | Requests for Public Records
 
Washington State Housing Finance Commission 
1000 2nd Avenue, Suite 2700, Seattle, Washington 98104 | Phone: 206-464-7139 or 800-767-4663 | Fax: 206-587-5113 | Contact Us
©1998-2022 All Rights Reserved