Down Payment
Assistance & Affordable Loans
WSHFC
Washington State only
Home Advantage
All down payment assistance programs offered at the Washington State Housing Finance Commission are community second mortgages and must be used in conjunction with a Home Advantage or House Key Opportunity or Covenant first mortgage. 0%-5% of the loan amount for Down Payment Assistance.
House Key Opportunity
House Key Opportunity is designed to serve more low- to moderate-income borrowers.
EnergySpark
Borrowers who buy an energy‐efficient home or make upgrades to an existing home at the time of purchase save 1/4 point on their interest rate. Plus, they still qualify for our down payment assistance, up to 4% of the purchase price!
Covenant
If you have deep roots in Washington state (before 1968), you could be eligible for the Covenant Homeownership Program, a down payment assistance program that offers up to 20% of the loan amount, up to $150,000 (whichever is less).
Fannie Mae
Home Ready
The HomeReady® mortgage includes innovative income flexibilities that can help your customers qualify for an affordable mortgage with a down payment as low as 3%.
HFA Preferred
HFA Preferred™ pairs features of HomeReady® with the flexibilities from local housing finance agencies (HFAs), designed to serve more low- to moderate-income borrowers.
Freddie Mac
Home Possible
This mortgage product is designed to remove barriers for homebuyers to qualify for a loan and become homeowners. In addition to expanded eligibility, Home Possible offers a low down payment option (as low as 3%) and reduced private mortgage insurance. In some cases, you can qualify for this loan product without a credit score.
HFA Advantage
Homebuyers who qualify for homeownership programs through housing finance agencies (HFAs), including homeowners interested in no cash-out refinances, can benefit from the flexible, affordable HFA Advantage mortgage.