Downpayment Assistance for Teachers in Washington State

DOWNPAYMENT ASSISTANCE LOAN PROGRAM OFFERS A GREAT PROGRAM FOR OUR VALUED LOCAL TEACHERS!

– Information provided by the Washington State Housing Finance Commission
1000 Second Avenue, Suite 2700, Seattle, WA 98104
Phone: 206.464.7139 or 800.767.4663 | Fax: 206-587-5113 |

Screen-shot-2010-12-13-at-12.02.00-AMHouse Key Schools Program is a downpayment assistance second mortgage loan program with a 3.00% interest rate and a ten-year loan term for teachers and employees of community or technical colleges and K-12 public or private schools that are accredited or recognized by the state of Washington.

House Key Schools combines with the Home Advantage first mortgage loan program.

Borrowers must be first-time homebuyers or buying in a targeted area.

Borrowers must qualify for the Home Advantage Program first mortgage loan program.


MAXIMUM INCOME LIMITS as of 01/03/2014

Island $73,000

King/Snohomish $88,200

Kitsap $74,000

Thurston $74,200

All Other Counties: $71,400

Borrowers must attend a Commission-sponsored homebuyer seminar prior to reserving funds. Cash back to borrowers is not allowed.

MAXIMUM LOAN AMOUNT

Eligible households may qualify for a maximum loan amount of up to $10,000.

A Participating Loan Officer can help you determine an acquisition price you can afford, how much cash you will need to close, and how much you can borrow on a House Key Schools loan.

If you have any additional questions about this our any downpayment assistance loan program, please feel free to contact me directly!

 


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate