House Key Washington State Bond financing to return

Washington State Bond House KeyIt’s anticipated that funds will become available for the House Key program in a couple weeks. House Key is the Washington state bond program that offers below market rates to borrowers that meet certain criteria, including income limits. Income limits vary by county and family size.

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What is a Mortgage Credit Certificate or MCC?

Mortgage Credit Certificate (or also referred to as MCC) is a federal tax credit available to first time home buyers who meet certain requirements. With the tax credit, eligible home buyers can adjust their their withholding to take advantage of the savings monthly instead of waiting until they file their taxes.  The MCC remains available as long as the borrower owns and occupies the property.

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WSHFC announces new income limits for down payment assistance programs

The Washington State Housing Finance Commission has announced changes to income limits for some of their down payment assistance programs.

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Home Buyer’s Education Class in Kent

Seattle Home Buyer ClassesI will be teaching a Home Buyer’s Education Class at the corporate office of Mortgage Master Service Corporation on Saturday, January 18, 2014. My co-instructor is Ira Sacharoff, a Real Estate Broker with Better Real Estate.

Participants who attend this Washington State Housing Finance Commission sponsored class are eligible for programs like Home Advantage and for down payment assistance. The 5 hour WSHFC course is a requirement in order to qualify for these programs.

NOTE: This post has been updated. We decided to postpone the class, which was originally scheduled for January 11th to January 18th because of the Seahawks game. GO HAWKS!!

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Two Home Buying Seminars Coming Up!

iStock_000020110629XSmallIf you are considering buying a home and want to learn more about the process, I invite you to attend one of upcoming seminars I have scheduled. Both classes are sponsored by the Washington State Housing Finance Commission (WSHFC) and attendees are eligible for down payment assistance programs offered through WSHFC.

I’ve just scheduled the following seminars:

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I Want to Buy a House

Do you or someone you know want to buy a house?

Could you use some help with down payment?

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How to prepare for a Home Buyer Education Class

iStock_000020110629XSmallI’m putting the final touches on the home buyers education seminar, sponsored by the Washington State Housing Finance Commission, that I will be teaching this weekend. The criteria for the class is set by WSHFC and it’s a lot of information to review from different types of mortgages, qualifying and even how to select a real estate agent or lender. I thought I’d share a few tips for how someone may want to prepare for a home buyer’s class, like the one I’ll be teaching in Seattle.

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NEWS FLASH: House Key Opportunitiy Program is no longer available

I just received this message from the Washington State Housing Finance Commission regarding the state bond program “House Key Opportunity”:

IMPORTANT NOTICE REGARDING HOUSE KEY OPPORTUNITY

We have been informed by our investment bankers that due to market conditions, we can no longer offer a 2.5% (government) and 2.75% (conventional) interest rate for the House Key Opportunity Program. As of June 25, 2013 at 4:00 p.m. we will no longer be taking House Key Opportunity Program reservations. All existing House Key Opportunity Program reservations will be honored.

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