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Information for Single-Family Lending and Real Estate Professionals
Program Announcement
May 20, 2022
Reminder: IMPORTANT NEWS: Some Acquisition Cost Limits Decreasing for House Key Opportunity
Dear Lending and Non-Profit Partners:
Important news: We received new lower acquisition cost limits for the House Key Opportunity First Mortgage Program. Acquisition cost limits in Non-Target areas have decreased in some counties.
Effective with reservations made on and after May 31, 2022 the new acquisition cost limits apply. Please plan accordingly.
The following counties will have lower limits for Non-target areas:
Clark/Skamania--$495,000
Kitsap/San Juan--$410,000
Skagit/Thurston--$390,000
Rest of State--$345,000
There are no changes to Non-target areas in Island, King, Pierce, Snohomish and Whatcom counties.
Acquisiton cost limits in applicable Target areas will remain the same.
Our webpage and House Key manual will be updated on May 31, 2022.
Please note: This announcement does not apply to the Home Advantage program.
Questions? Contact Corrina Obar