HOMEOWNERSHIP
• Covenant Homeownership Program
• Home Advantage
• Opportunity
• MCC Reissuance
• Homebuyer Education
• Premier Lenders
• Downpayment Assistance
• Homeowners Guide
• Counseling Providers
HomeChoice Downpayment Assistance Loan Program
HomeChoice is a downpayment assistance, second mortgage loan program for qualified borrowers who have a disability or who have a family member with a disability living with them. Funds up to $15,000. HomeChoice combines with House Key and Home Advantage first mortgage loan programs. One-on-one counseling is required.
Disclaimer: The Commission does not endorse a person, business practice, product or service other than those of the Commission.
PROGRAM DESCRIPTION
The HomeChoice Second Mortgage program is a Downpayment Assistance Program for low- to-moderate income people with a disability or who have a family member with a disability living with them and qualify for Home Advantage first mortgage loan program. A 1.00% interest rate on the Downpayment Assistance loan program for first-time homebuyers (borrowers who haven't owned and occupied their primary residence in the past three years). If you buy in a target area you do not have to be a first-time homebuyer.
MAXIMUM INCOME LIMITS as of 4/22/2024*
King/Snohomish $147,400
All Other Counties $115,900
* Other requirements may apply. Please check with your lender or service provider to verify the limits. HomeChoice borrowers also must complete a Commission-sponsored homebuyer education seminar prior to reservation of funds.
BENEFITS
The Program offers up to $15,000 per household in a 1.00% interest, payment deferred second mortgage. Second mortgages are due when home is sold, or if home is refinanced or after 30 years.
HOMECHOICE SERVICE PROVIDERS
Statewide
American Financial Solutions, 888-864-8699, www.myfinancialgoals.org
Parkview Services, Loretta Cael at 509.861.3330 www.parkviewservices.org
Asotin County
Valley Residential Services, Nancy Riggle, 509-522-0400
Clark & Skamania Counties
Community Housing Resource Center, 360-690-4496 x100
Ferry County
Rural Resources Community Action, Jan Owens, 509-685-6179, www.ruralresources.org
King County
HomeSight, Staff member, 206-723-4355, www.homesightwa.org
Parkview Services, Loretta Cael at 509.861.3330 www.parkviewservices.org
Urban League of Metropolitan Seattle, 800-368-1455
Pend Oreille County
Rural Resources Community Action, Jan Owens, 509-685-6179, www.ruralresources.org
San Juan County
Opal Community Land Trust, Julie Brunner, 360-376-3191, www.opalclt.org
Snohomish County
Homestead Community Land Trust, Staff member, 206-323-1227, www.homesteadclt.org
Parkview Services, Loretta Cael at 509.861.3330 www.parkviewservices.org
Spokane County
Spokane Neighborhood Action Partners, 509-319-3041 www.snapwa.org
Stevens County
Rural Resources Community Action, Jan Owens, 509-685-6179, www.ruralresources.org
Walla Walla County
Valley Residential Services, Nancy Riggle, 509-522-0400
Whatcom, Skagit & Island Counties
Kulshan Community Land Trust, Staff member, 360-671-5600, x1, http://www.kulshanclt.org/
Other Counties
If there is no Service Provider located in your area, please refer to a service provider in a neighboring county or email Dietrich.Schmitz@wshfc.org.
QUESTIONS
If you have questions about the HomeChoice 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.