House Key Plus SeattleSeattle Downpayment Assistance Loan Program

Program Funds Fully Reserved – No further funding until Spring at the earliest.

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

The Seattle Downpayment Assistance Program is a second mortgage loan program that combines with the Home Advantage or Opportunity first mortgage loan program.  This program is for qualified borrowers purchasing within the city limits of Seattle. This program allows up to $55,000 in downpayment assistance with payments deferred for 30 years, at 3% simple interest. 

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. 

You must attend a Homebuyer Education Seminar sponsored by the Washington State Housing Finance Commission and receive your certificate. The seminar will provide you with the information you will need to purchase and maintain your first home.


Funds may be used for downpayment and closing costs based upon need. The Borrower’s downpayment requirement is 1% of the purchase price or $2500, whichever is greater. Gifts are allowable up to 25% of the Borrower’s portion of the required downpayment.

MAXIMUM INCOME LIMITS as of 05/01/2022

To be eligible for the Seattle Downpayment Assistance Loan Program, your household income must not exceed these limits:

Household Size
Household Income Limit $75,380 $86,140 $96,910 $107,680 $116,290 $124,910 $133,520 $134,600


If you have questions about the Seattle 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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