The Washington State Housing Finance Commission has recently offered more pricing options with their Home Advantage first mortgage program. Originally, all Home Advantage products were priced with 1 point. One point equals 1 percent of the loan amount and is paid at closing. This closing cost cuts into the down payment assistance that many home buyers are hoping to utilize when they are using the Home Advantage Mortgage program.
Home Advantage Mortgage with or without Points
July 31, 2014 by Leave a Comment
Washington State Down Payment Assistance Programs and Grants
June 18, 2014 by 18 Comments
Washington State home buyers have several various down payment assistance programs available and they’re not just limited to first time home buyers. These funds can go towards closing cost and the down payment of primary residence.
Here’s an updated list of what I have available.
NEWS FLASH: Home Advantage Rebound DPA is no longer available
May 30, 2014 by Leave a Comment
This morning I received an email from the Washington State Housing Finance Commission that one of the Home Advantage Rebound program has ran out of funds and is no longer available. If you were planning on using this for your down payment assistance, and you have a transaction in progress, check with your mortgage originator asap to see if the funds were reserved. If they were not reserved, then you’ll need to come up with a “plan b”, which may include using their stand-by program Home Advantage.
Comparing Low Down Payment Mortgage Programs
April 23, 2014 by Leave a Comment
EDITORS NOTE: Fannie Mae is no longer offering the FannieMae HomePath mortgage program. If you are considering buying a Fannie Mae HomePath property (foreclosure that is owned by Fannie Mae) in Washington state, I’m happy to help you.
Home buyers have so many options today for selecting a mortgage today. We have several mortgage programs designed to help people buy a home who want to use less down payment. Many of these programs do not require the borrower to be a first time home buyer. Home buyers should compare all possible options before making a decision on what program is best suited for their personal financial scenario.
Home Buyer Class in Green Lake
April 9, 2014 by Leave a Comment
Do you or someone you know want to learn more about the home buying process? If so, you might consider attending my next Home Buyer Class that I will be teaching with Jim Reppond of Coldwell Banker Danforth. This class is sponsored by the Washington State Housing Finance Commission and participants are eligible for down payment assistance, programs like Home Advantage or Home Possible and/or mortgage credit certificates (MCC).
WSHFC now offers reduced mortgage rates with no DPA
March 31, 2014 by Leave a Comment
The Washington State Housing Finance Commission offers several mortgage programs with various types of down payment assistance for home buyers. In order to qualify for the program, home buyers need to have household income of $97,000 or lower and attend a WSHFC sponsored home buyers class.
Home Buyer’s Education Class in Kent
December 6, 2013 by Leave a Comment
I 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!!
Question about Home Advantage Down Payment Assistance (DPA)
September 17, 2013 by Leave a Comment
Yesterday I received an email with this question that I thought would be helpful to my readers considering the popular Home Advantage Mortgage program with down payment assistance:
I’ve been studying the different loan programs in WA State and came across your website. We’re considering taking out a Home Advantage mortgage but need clarification on one of the restrictions.
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