2026 Conforming Loan Limits: What Washington Homebuyers Should Know
December 5, 2025 by Leave a Comment
Low-Down-Payment Programs, Renovation Loans & Down Payment Assistance OptionsIncome Limits increased for Home Advantage with Down Payment Assistance
July 1, 2021 by Leave a Comment
Hot off the press! Washington State Housing Finance Commission has just announced that income limits for the Home Advantage program are being increased to $160,000 effective July 2, 2021. Click here for current mortgage rates for your scenario. [Read more…]
House Key Opportunity aka Washington State Bond Mortgage Program ending soon
October 1, 2014 by Leave a Comment
I just received notice from the Washington State Housing Finance Commission that they will stop accepting reservations for the House Key Opportunity program effective October 15, 2014 at 4:00 pm. Reserving funds is essentially locking the loan and committing to delivering the transaction to WSHFC. Reservations cannot be done unless there is a bona fide transaction with a closing date that will meet the delivery date of the reservation (lock period).
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. Â 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. Â 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.
It’s Official: Washington State Bond Mortgage Program has funds!
April 30, 2014 by 13 Comments
I just received the official announcement that House Key Opportunity (aka the Washington State Bond program) will start accepting reservations (locks) tomorrow, May 1, 2014.
The state bond program offers below market interest rates to home buyers who have household incomes limited to 80% or lower of the HUD’s income limits. Â In King County, a family of four would qualify for this program if their household income is $63,900 or lower. House Key will allow credit scores of 620 or higher – there may be additional credit score or income limits with combined down payment assistance programs.
UPDATE 5/30/2014: Â Income limits above are for when home buyers do not use a down payment assistance program in conjunction with House Key Opportunity state bond program. Â Income limits for the Seattle – King County area are $90,000 for a 1-2 family home or $97,000 for a 3+ family home.
House Key Washington State Bond financing to return
April 19, 2014 by Leave a Comment
It’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.
NEWS FLASH: House Key Opportunitiy Program is no longer available
June 26, 2013 by 1 Comment
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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