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Home Advantage Needs-Based DPA

Administered by:
Washington State Housing Finance Commission
· State · Deferred Loan
Funding status: Active

How much assistance

Up to $10,000
Not forgivable. One percent simple interest, deferred for 30 years or until sale, transfer, refinance, or non-occupancy.

Eligibility

  • Income limits: At or below 80% AMI (county-specific)
  • First-time buyer required: No
  • Geographic restrictions: Statewide Washington. Must pair with a WSHFC Home Advantage first mortgage.
  • Homebuyer education required: Yes

How to Apply for Home Advantage Needs-Based DPA

Step 1: Complete the five-hour WSHFC homebuyer education class.

Step 2: Apply through a WSHFC participating lender.

Step 3: Lender confirms income eligibility and reserves the DPA.

Learn More About Homebuying in Washington

Cities Where This Program Is Available (38 cities across 1 state)

Available Statewide In