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HomeSight Seattle Purchase Assistance

Administered by: HomeSight · Nonprofit · Deferred Loan

Funding status: Active

How much assistance

Up to $76,000 (Deferred Loan)

Not forgivable. Three percent simple interest, deferred for 30 years or until sale, transfer, or refinance.

Eligibility

  • Income limits: At or below 80% AMI for King County
  • First-time buyer required: Yes — Borrower has not owned a primary residence in the past three years.
  • Credit score minimum: 620
  • Geographic restrictions: Property must be within Seattle city limits. City of Seattle pass-through funding administered by HomeSight.
  • Homebuyer education required: Yes

How to Apply for HomeSight Seattle Purchase Assistance

Step 1: Contact HomeSight at (206) 760-4200 to schedule an intake.

Step 2: Complete HomeSight's HUD-approved homebuyer education course.

Step 3: Work with a HomeSight-approved lender to reserve the assistance.

Step 4: Close on a home within Seattle city limits.

Cities Where This Program Is Available