208 0 obj <> endobj Will you be adjusting from a double income family to a single income in the coming years? This program is administered by the Washington State Housing Finance Commission (WSHFC). Para sa tulong sa wikang Tagalog pakitawagan ang 1-877-8944663. 201. 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. Loan approval is achieved with a complete mortgage loan application. Through private and public partnerships, HomeSight provides purchase assistance to qualified first-time homebuyers in the form of a low interest loan, and potential borrowers may access up to $70,000 in downpayment assistance. Contact Us The Washington State Housing Finance Commission offers residents of Bellingham the Bellingham Downpayment Assistance program with up to $40,000 in down payment and closing cost assistance. Housing Bonds |Special Programs: We lower this barrier by offering downpayment assistance loans for homebuyers who use our mortgage programs ( Home Advantage and House Key ). For example, if you make $5,000 per month, a total debt payment of $1800 or less is ideal. hb`````y01G3003)D(H4Ls 8mlpi[U03u6Af7QL3 Premier Lenders Read more We are a publicly accountable, self-supporting team, dedicated to increasing housing access and affordability and to expanding the availability of quality community services for the people of Washington. House Key). Through local partnerships, the Washington State Housing Commission helps homebuyers learn how to purchase and maintain a home. Agency Information After attending the class, you will receive a certificate of completion. The department, the housing finance commission, the affordable housing advisory board, and all local governments, housing authorities, and other nonprofits receiving state housing funds or financing through the housing finance commission shall, by December 31, 2006, and annually thereafter, review current housing reporting requirements related to housing programs and services and give . Advantage or Opportunity. 620, and youre otherwise qualified for a home loan, you are The Commission, in cooperation with the Department of Commerce, developed and implemented a housing finance program, limited to qualified first-time home buyers, and with priority given to low . Our partners compensate us. Industry experts recommend that you set aside 1-3% of the homes value annually for maintenance and repairs. HOME |SITE Other Recruitments Home Advantage Down Payment Assistance Loan Program Homes purchased through Homestead typically cost $50,000-$100,000 less than the home's market-value. The Washington State Housing Finance Commission offers residents of Bellingham the Bellingham Downpayment Assistance program with up to $40,000 in down payment and closing cost assistance. Clark County to help homebuyers with down payment program Requests for Public Records The Commission is committed to actively dismantling structural racism in the housing industry and beyond. No, you do not need to be a U.S. citizen to be eligible. Generally lenders look at several things: Closing costs are all the different charges that youll be required to pay at or before the closing. One of our 1000 2nd Avenue, Suite 2700, Since 1983, the Washington State Housing Finance Commission has helped open doors to a better life by providing home loans and downpayment assistance.