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Program Announcement
July 2, 2015
Downpayment Assistance for City of Bremerton and Pierce County Now
Available
The Washington State Housing Finance Commission is pleased to announce TWO new Downpayment Assistance Programs!
BREMERTON DOWNPAYMENT ASSISTANCE PROGRAM
In partnership with the City of Bremerton, funding is now available for the Bremerton Downpayment Assistance program for borrowers purchasing within the City of Bremerton limits.
Amount Available: $168,000
Dates of Availability:
Loan reservations will be accepted for the Bremerton Downpayment
Assistance Program for borrowers at or below 80% of Area Median Income
beginning 07/02/2015. The downpayment assistance loan must be used in
conjunction with a Home Advantage or House Key Opportunity first
mortgage. Bremerton Downpayment Assistance funds offer up to $20,000 in
downpayment assistance and have a reduced rate of 3% deferred simple
interest with no monthly payments, subject to availability. Please see
the manual on our Website at
wshfc.org/sf/downloads.html for complete terms and conditions.
Further restrictions apply. Program funds are subject to availability.
PIERCE COUNTY DOWNPAYMENT ASSISTANCE PROGRAM
In partnership with Pierce County Community Connections, funding is now available for the Pierce County Downpayment Assistance program for borrowers purchasing within Pierce County, outside of the cities of Tacoma, Lakewood and Bonney Lake.
Amount Available: $600,000
Dates of Availability:
Loan reservations will be accepted for the Pierce County Downpayment
Assistance Program for borrowers at or below 80% of Area Median Income
beginning 07/02/2015. The downpayment assistance loan must be used in
conjunction with a Home Advantage or House Key Opportunity first
mortgage. Pierce County Downpayment Assistance funds offer up to $20,000
in downpayment assistance and have a reduced rate of 4% deferred simple
interest with no monthly payments, subject to availability. Please see
the manual on our Website at
wshfc.org/sf/downloads.html for complete
terms and conditions. Further restrictions apply. Program funds are
subject to availability.