Pierce County Downpayment Assistance ProgramPierce County Downpayment Assistance Loan Program

Current funding for this downpayment assistance program has been fully allocated. Future funding will be announced at a later date.

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

Pierce County downpayment assistance is a second mortgage loan program that combines with the Home Advantage or Opportunity first mortgage loan programs. This program is for qualified borrowers purchasing within the Pierce County limits, outside of the City of Tacoma, Lakewood, Bonney Lake, Auburn, and Pacific city limits. This program allows up to $24,900 in downpayment assistance with payments deferred for 30 years, at 3% simple interest.

Due to federal guidelines, the home must not have been occupied by a tenant within 90 days of the purchase and sale agreement.

You must be a first-time homebuyer and the home you are purchasing must be your principal residence and owner-occupied. The definition of a first-time homebuyer is that you have not owned a home anytime in the past three years.

There are no monthly payments, with the balance due and payable when the Borrower(s) 1) sells, refinances, transfers the property; 2) fails to maintain as principal place of residence; or 3) when the home is paid off (on or before 30 years).

You must attend a free Homebuyer Education Seminar sponsored by the Washington State Housing Finance Commission and receive your certificate. You will also attend a one-on-one pre-purchase counseling session just prior to closing. The seminar and counseling will provide you with the information you will need to purchase and maintain your first home. Online Homebuyer Education will not meet the seminar requirement for this program.

Once you are pre-approved and your lender says you are ready to close, please contact one of the following agencies to schedule an appointment for the one-on-one pre-purchase counseling session:

South Sound Outreach Services Tacoma 253-593-2111

Parkview Services Seattle 206-542-6644, Marnie Claywell ext 126

PC2 Homeownership 253-564-0707 x105

MAXIMUM INCOME LIMITS as of 07/09/2021

To be eligible for Pierce County Downpayment Assistance, your household income must not exceed these limits:

Household Size
Household Income Limit $50,900 $58,150 $65,400 $72,650 $78,500 $84,300 $90,100 $95,900


Existing homes maximum sales price = $380,000

New Construction maximum sales price = $519,485


Funds may be used for downpayment and closing costs based upon need.

The Borrower’s minimum downpayment requirement is $1000.

Gift funds are allowed to meet the borrower’s minimum contribution requirement.


Michael Fornerette, NMLS# 121193, Fairway Independent Mortgage, 206-687-5640,

Carman Vo, NMLS# 145353, Prime Lending, 425-879-6855,

Jay Staples, NMLS# 228293, Commerce Home Mortgage, LLC, 253-227-3929,

Troy Gorelick, NMLS# 302508, 1st Security Bank, 253-592-4102,

Karin Koenig, NMLS #117039, Eagle Home Mortgage, 206-459-1345 , 


If you have questions about the Pierce County 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


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