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HomeChoiceHomeChoice 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.

GETTING STARTED

The first step is to meet with HomeChoice Lender in your area that has been trained on the HomeChoice program. The HomeChoice Lender will determine if you are eligible for the HomeChoice second mortgage program and will then refer you to a free Homebuyer Education Seminar and a HomeChoice trained Service Provider.  For additional trained lenders or service providers, please email Dietrich.Schmitz@wshfc.org or call 206-464-7139 or 800-767-4663.

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 targeted area you do not have to be a first-time homebuyer. 

MAXIMUM INCOME LIMITS as of 5/5/2021*

King/Snohomish $115,700

All Other Counties $91,600

* 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.

PARTICIPATING LENDERS

We would like to thank the following Lenders for their participation in the Specialty Downpayment Assistance Program in the last year:  (Verify a mortgage company or individual: www.nmlsconsumeraccess.org)

Click here for the list of Participating Lenders.

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.

    

 
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