The Washington State Housing Finance Commission has announced changes to income limits for some of their down payment assistance programs.
Effective today, January 3, 2014, House Key Seattle and House Key Arch have the following income limits based on size of household:
- 1 person: $44,750
- 2 person: $51,150
- 3 person: $57,550
- 4 person: $63,900
- 5 person: $69,050
- 6 person: $74,150
- 7 person: $79,250
- 8 person: $84,350
Effective January 10, 2014, maximum income limits for House Key Schools, House Key Veterans, Home Choice and New Home for You will be:
Island County: $73,000
King County: $88,200
Kitsap County: $74,000
Snohomish County: $88,200
Thurston County: $74,200
All other counties: $71,400
If your household income is above the amounts listed here, you may not qualify for these down payment assistance programs. Home Advantage offers down payment assistance with an income limit of $97,000 for homes located in Washington State.
In order to qualify for these programs, home buyers are required to attend a WSHFC approved home buyer’s education seminar. You can see upcoming classes where I’m the instructor by clicking here.
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