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Local Washington Down Payment Assistance
Local Down Payment Assistance Programs
Washington Down Payment Assistance Local
Learn About Washington Down Payment Assistance
The following mortgage down payment assistance programs were developed by local Washington counties and municipalities. See more information about statewide Washington down payment assistance programs.
Kitsap County
Kitsap County
Kitsap County offers the following Local Down Payment Assistance:
- Down Payment Assistance
- Maximum loan of $20,000
- Funds may be used with 50% matching funds for down payment and/or 100% of closing costs
- Total Household Income cannot exceed 80% of the Area Median Income
- Approved for use with FNMA, FHLMC, FHA, RD or VA first mortgages
- City of Bremerton is excluded
Pasco
Pasco
Local Down Payment Assistance program available in Pasco:
- Community Housing Improvement Program (CHIP)
- Maximum interest-free loan of $5,000
- Total Household Income cannot exceed 80% if the Area Median Income
- Buyer must contribute a minimum of $1,000 toward required down payment
- Approved for use with FNMA, FHLMC, FHA, RD or VA first mortgages
- Maximum interest-free loan of $10,000
- 30-year deferred payment. After the 30-year period or payoff of the first mortgage, the loan balance is amortized and paid annually over a 10-year period
- Buyer must contribute a minimum of $1,000 toward down payment
- Approved for use with FNMA, FHLMC, FHA, RD or VA first mortgages
- To qualify for down payment assistance in Washington, buyers are required to complete a first time homebuyer education class.
Neighborhood Stabilization Program (NSP)
Homebuyer Education
Pierce County
Pierce County
Local Down Payment Assistance programs available in Pierce County:
- Down Payment Assistance (DPA)
- Maximum interest-free loan of 3.5% of the sales price for Washington first time homebuyers
- 30-year deferred loan is forgivable if all terms of the program are met
- Maximum allowable purchase price is $362,790
- Approved for use with FNMA, FHLMC, FHA, RD or VA first mortgages
- Maximum loan of $39,600 for individuals with a developmental disability or families with a child who has a developmental disability living at home
- Total Household Income cannot exceed 80% of the Area Median Income
Coalition for Developmental Disabilities (PC2)
Vancouver
Vancouver
Vancouver offers the following Local Down Payment Assistance:
- Share Individual Development Account (IDA)
- Maximum assistance of $6,000
- Savings program that is matched 2:1 by the Clark County Department of Community Service for use toward down payment and closing costs
- Over a period ranging from 6 months to 2-years, participants will make monthly deposits to complete the program
- Approved for use with Conventional and FHA first mortgages
- To qualify for Washington down payment assistance, buyers are required to complete a 10-hour financial education program.
Homebuyer Education
Yakima
Yakima
Yakima offers the following Local Down Payment Assistance:
- Down Payment Assistance Program (DPA)
- Maximum interest-free loan of $4,000
- Loan is forgivable after 5 years if all terms of the program are met
- Total Household Income cannot exceed 80% of the Area Median Income
- To qualify for down payment assistance in Washington, buyers must complete homeownership training through the Washington State Housing Finance Commission approved classes.
Homebuyer Education
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About Local Washington Down Payment Assistance
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Toll-Free 877 878 0100
Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Meridian Home Mortgage Corporation NMLS #56301. Licensed by the Virginia State Corporation Commission #MC-3680; Commonwealth of Pennsylvania Department of Banking #21605; State of Maryland #8196; Connecticut Banking Commission #11930; Delaware Bank Commissioner #7885, District of Columbia MLB56301; Florida Office of Regulation MLD172; Massachusetts Division of Banks Broker #MB56301; Kentucky MB 72686; Washington CL-56301; Oregon ML-4979; Georgia Department of Banking and Finance #33346.
Loans are arranged through third parties. We arrange but do not make loans.
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074