First Time Home Buyer Loan Options and Rates






WA State offers a number of 1st time home buyer and down payment assistance programs for those who have not owned a home within the past 3-years and who fall within the County income limits. These programs require that you attend a 1st time home buyer class. The first mortgage loan may be FHA or VA.

HouseKey StateBond

4.500% interest rate = 0.000% origination fee
4.250% interest rate = 1.000% origination fee
4.000% interest rate = 2.000% origination fee

New Home For You

3.750% interest rate = 2.000% origination fee
4.000% interest rate = 1.000% origination fee
4.250% interest rate = 0.000% origination fee

House Key Plus 2nd

5.000% interest rate amortized over 10 years maximum loan $10,000.
Note: Borrowers with 680 mid credit score or higher may qualify for a 3.000% interest rate if buying a distressed property.

House Key Schools

A second mortgage program for teachers and employees of community or technical colleges and K-12 public or private schools.  Funds up to $10,000 at 3.000% interest rate amortized over 10-years maximum loan.

Home Choice

A second mortgage program for qualified borrowers who have a disability or a family member with a disability living with them.  Funds up to $15,000 available for down payment, closing costs/prepaids and/or modifications to the property is available for households with disabled members..  One-on-one counseling is required.