Buying Your First Home in Washington? These Programs Can Help

Buying a home is a big investment—especially in the Seattle area—but Washington State offers several programs to help first-time buyers get started. If you're dreaming of owning your first home, these resources might make it more achievable than you think.

1. Washington State Housing Finance Commission (WSHFC) Programs

This is your go-to organization for homebuyer help in Washington. Their programs are designed to reduce barriers for first-time buyers.

• Home Advantage Program: Below-market mortgage rates + down payment assistance (up to 4% of loan amount).
• Homebuyer Education Seminars: Free, required courses to help guide your homebuying journey.

Visit www.wshfc.org for full program details.

2. Down Payment Assistance Options

Great options for buyers with limited savings include:

• Home Advantage DPA: 0% interest, deferred second loan for your down payment.
• Veterans Down Payment Assistance: Available for eligible Washington veterans.
• Seattle DPA Program: Help for low- to moderate-income buyers purchasing within Seattle city limits.

3. Federal First-Time Buyer Benefits

There are also national tools available to help:

• FHA Loans: Low credit score and down payment options (as low as 3.5%).
• Freddie Mac & Fannie Mae Loans: Flexible loan options with reduced down payments.

4. Tips to Get Started

Start saving early for your down payment and closing costs, and reach out to a local lender or agent you trust to guide the way.