Learn More. A displaced homemaker is an adult who, during the past 3 years, owned an interest in a home and worked primarily without remuneration to care for his or her home and family, and was displaced from his or her home. Through local partnerships, the Washington State Housing Commission helps homebuyers learn how to purchase and maintain a home. Award-Winning Green Up Community Program is Now Accepting - Powerlines The Office of Housing provides downpayment assistance to first-time homebuyers at or below 80% of area median income through partnerships with local nonprofits and lending institutions. Your bank or credit union may also offer you access to your FICO score for free. For example, FHA loans require only 3.5% down, and USDA loans and VA loans do not require a down payment at all. They are free and open to the public, include information about the Commission's first mortgage programs, downpayment assistance, and other loan programs; and are accepted by all affordable housing loan programs as meeting or exceeding educational requirements. The Washington State Housing Finance Commission, or WSHFC, knows the lay of the land and the lenders that can help. | Publications | Up to $10,000, for borrowers using our Home Advantage loan and Here are the new income limits effective May 6, 2019: Home Advantage Needs Based Down Payment Assistance Program: King County: $108,600 Snohomish County: $108,600 All other counties: $86,300 Annual Reports, Interim Information| Privacy Notice 234 0 obj <>/Filter/FlateDecode/ID[<2960A94139054E45B836C7F3F7B04F17><60C922643ECC93499B1C91705F1DFB7B>]/Index[208 67]/Info 207 0 R/Length 121/Prev 85138/Root 209 0 R/Size 275/Type/XRef/W[1 3 1]>>stream Eligibility for HAF funding is based upon a variety of factors, including pandemic hardship. Call the Hotline at 1-8778944663 for a no-cost assessment and referral to a housing counselor in your area. Call for information). Step 2. Careers |Commissioners | Contact Us A%{hb8Mr4]Z^X)KcHL. As always, we encourage you to take a homebuyer education class and to connect with one of our trained lenders who knows our programs. 1998-2022 All Rights Reserved, 1000 2nd Avenue, Suite 2700, The Commission is committed to actively dismantling structural racism in the housing industry and beyond. (east King County). Up to $60,000 for buyers within Clark County, Washington. If you live here, it's a good idea to see if you qualify for them. Industry experts recommend that you set aside 1-3% of the homes value annually for maintenance and repairs. The U.S. Department of Veterans Affairs helps service members, veterans and surviving spouses buy homes.