Freddie Mac HomeOne® Mortgage in Washington State

June 21, 2018 by Leave a Comment

Freddie Mac HomeOne Mortgage WA StateFreddie Mac HomeOne® Mortgage in Washington State

The HomeOne® mortgage is a low down payment conventional loan program designed specifically for first-time homebuyers who want to purchase a primary residence with as little as 3% down.

Backed by Freddie Mac, HomeOne offers a simpler path to homeownership for buyers who have solid credit but limited savings — without the income limits found in some other low down payment programs.

This mortgage option is especially attractive to buyers in Seattle, King County, Pierce County, Snohomish County, and throughout Washington State, where affordability and long-term costs matter. [Read more…]

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Fannie Mae increases income limits for HomeReady

June 29, 2016 by 1 Comment

Fannie Mae will be increasing the income limits for HomeReady effective July 16, 2016 making it easier for more people to qualify for this mortgage program. [Read more…]

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Fannie Mae offering Home Buyer Incentives

April 24, 2015 by Leave a Comment

⚠ Program Ended October 2014

The Fannie Mae HomePath closing cost incentive for first-time buyers described in this post is no longer available — the HomePath Mortgage program was retired in October 2014. Washington State still has excellent options for first-time buyers today, including down payment assistance grants and 3% down conventional programs. See first-time homebuyer programs in Washington State →  |  See the updated HomePath guide →

Fannie Mae is offering first time home buyers up to 3% towards closing cost when they purchase a Fannie Mae HomePath property. On a $300,000 home, 3% would be up to $9,000 towards allowable closing cost!  A Fannie Mae HomePath property is a home that Fannie Mae has foreclosed on and now owns.

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Washington State Down Payment Assistance Programs and Grants

June 18, 2014 by 18 Comments

down payment assistance and grants washingtonUPDATE: This was published in 2014. Please be sure to check out our updated Down Payment Assistance Guide and First-Time Home Buyers Programs Guide for more up-to-date information.

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.

[Read more…]

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The FHA HAWK Program for Homebuyers

June 10, 2014 by 4 Comments

Osprey_muralUPDATE: Please check out our updated FHA guide for current information for FHA mortgages for homes in Washington state.

A few weeks ago, HUD announced a new program created for first time home buyers which rewards them with reduced mortgage insurance premiums after they participate in home buyer education and one-on-one housing counseling. HAWK or Homeowners Armed with Knowledge is a pilot program set be released in two phases on a limited basis.

[Read more…]

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