Home Advantage Down Payment Assistance Loan Program

This down payment assistance program is offered as a 0% interest second mortgage to be used with a HomeAdvantage mortgage loan. Payments on this loan are deferred for up to 30 years.

Applicants can qualify for as much as 4% of their first mortgage in assistance funds.

For those applying for the need-based option of down payment assistance, applicants are eligible to receive as much as $10,000. The need-based option has a 1% interest rate. Veterans can be eligible for this loan without meeting the need requirement.

A homebuyer seminar is required for both options.

Applicants also must fall within defined income limits.

Other programs in Washington:

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