Home Advantage downpayment assistance combines with the Home Advantage first mortgage loan program. The interest rate is 0%, with a 30 year loan term. There are income limits with this program. To be eligible for a Home Advantage DPA loan your annual income must not exceed $97,000. Eligible households may qualify for a maximum loan amount of up to 4.00% of the total loan amount. This DPA program is available in all counties. Further restrictions apply.
You do not need to be a first-time homebuyer.
Further Guidelines may apply. E-mail us or call 425-390-INFO for more information regarding Home Advantage DPA.
Available to Washington State residents only. The Home Advantage Loan Program offers a great downpayment assistance option. This is downpayment assistance at its best! Many of Washington Housing Association students have taken advantage of this specific downpayment assistance program. The Home Advantage DPA (down-payment assistance) loan program is a second mortgage loan with a 0% interest rate, a 30 year loan term, and works in conjunction with the Home Advantage first mortgage loan program. Many Washington state homebuyers are not even aware that this downpayment assistance program exists. We need to get the word out! Join us by attending a free homebuyer educational course and receive your certificate that will open doors to homeownership!
2. After the homebuyer educational course a trained Home Advantage loan officer will coordinate your pre-approval. All of your loan options will be presented at this time. How much you qualify for will be answered. E-mail us if you have any questions regarding our preferred loan officers.
1.Your first step is to attend a free homebuyer class. Washington Housing Association will educate you on the process of purchasing a home in the state of Washington. No solicitation is allowed in the classroom. Your information is not sold or distributed. At the end of your class you will receive a certificate that will be valid for two years and is a requirement of the Home Advantage DPA Program.
3. At this point you should either have a pre-approval or instructions on what you must do in order to obtain one. The key principles that you learned in the homebuyer seminar now start to pay off! Your real estate professional and loan officer will coordinate the process of locating, financing and closing on your new home.
Visit us often for updates to this, and other, programs:
Homeownership begins with a first step. You can take this first step today or whenever you're ready with our new "Education For Home Buyers" program. Don't let calendars get in the way of your journey. We offer multiple classes each month for your convenience. All of our classes fulfill the requirements of the State; after completing the homebuyer seminar you will receive a certificate that can be used (for two years) with any Washington State Housing Commission loan program that you qualify for.
"This type of education is mind-blowing! The information presented gave me so much confidence!"
- JOANNE K. REILLY
"Washington Housing Association's class informed me of all of the opportunities and information I needed to finally become a homeowner."
- GEORGE O'BRIEN
"The sense of accomplishment I felt after completing this course was amazing!"
- TIM DOYLE
At Washington Housing Association, we harness the power of free education in new, innovative ways. Combining the newest market research with proven teaching methodology, we're inspiring students to take control of their homeownership experience. Washington Housing Association provides a huge stepping stone for our students to reach the future they envision. When it comes to educating the public on the acquisition of real property we are straight-to-the-point, and provide knowledge that you can use.
Washington Housing Association
All Rights Reserved.