Washington State's Home Advantage Loan - Down payment assistance

By
Real Estate Broker/Owner with ViewHomes of Clark County - Nature As Neighbors

Washington State's Home Advantage Loan - Down payment assistance.


Home AdvantageLet’s face it , it’s getting more and more difficult to save money. If you’re in that situation, but can afford to pay mortgage and insurance payments, as well as the costs of home ownership, listen up.

We have a special financing option in our state. The Housing Finance Commission has a program call the Home Advantage. Eligible buyers can qualify for a loan for up to 4.00% ( of total loan) in down payment assistance.

Eligibility requirements for Washington’s Home Advantage loan.

To be eligible for Home Advantage, you must not exceed an annual household income of $97,000.  In addition, borrowers need to attend a specific 5-hour home-buying seminar.  Plus, you’ll need to consult with a Commission-trained lender.

More Details about Home Advantage down payment assistance

You do not need to be a first-time home buyer to take advantage of the program. Home Advantage is designed to help low-to-moderate income people purchase a new home.  Naturally, applicable credit scores and income verification will be necessary.


The loan is a deferred second mortgage, with no payments, at 0% interest.  It is payable in 30 years, or at the time of sale, refinance or transfer.  FHA, Conventional, RHS, and VA loans can be used for the program. 

Home Advantage Loan

If you’d like to learn more about your options, call me today at 360-608-4900. I’ll be glad to refer you to a lender who has been approved for the Home Advantage program.  Once you’ve got that lined up, the fun begins!  Together, let’s find you the perfect new home in Clark County, WA.

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ViewHomes™ grew out of our passion for nature, beautiful surroundings, and peaceful environments. Starting together in an urban environment, over the years we've gravitated towards areas with smaller populations and less density. We now enjoy our lifestyle in a rural environment, but with close proximity to metropolitan areas where we appreciate all the amenities of fine restaurants, shopping, and an easy drive to an international airport.
Living in ViewHomes™ is like having “elbowroom for the soul”.

 

360-608-4900 

info@natureasneighbors.com
 

                                                                             

 

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Rainmaker
3,201,042
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Debb,  Great job by you of getting the word out on this programs, buyers should be calling you for more information.

Nov 04, 2013 11:51 PM #1
Ambassador
1,866,445
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks Will, it's a good program and few folks seem to really know about it as an option.

Nov 04, 2013 11:55 PM #2
Rainmaker
980,654
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great program Debb!  With trained professionals like you, these buyers will reap the rewards of the program.  Great blog!

Nov 05, 2013 12:53 AM #3
Rainmaker
4,484,932
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debb,

What a great service the state of Washington is providing, and good for you for telling everyone about it. A

Nov 05, 2013 01:39 AM #4
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Debb - Very nice financing resource for WA residents. Down payment assistance programs are great tools when they are properly designed and administered. The Washington State one sounds like several we have available here (in addition to the state one, we also have two local ones), and should be a great help to those who can afford a home but are having difficulty getting into one.

Nov 05, 2013 06:43 AM #5
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Jan, Alexandra and Dick. I hope that some buyers who need down payment assistance will investigate this opportunity. It's a good program.

Nov 06, 2013 12:01 AM #6
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REALTORS® in Clark County, WA
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