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Get Matched Free →OlyFed Affordable Homebuyer Program
Funding status: Active
How much assistance
Discounted interest rate, reduced origination fee (flat $800 vs typical 1%), discounted PMI, and ability to finance up to 97% with all but $1,000 of down payment from gifts/DPA (Repayable Loan)
Not applicable; this is a discounted first mortgage, not a forgivable loan
Eligibility
- Income limits: Gross household income at or below 80% of area median income for Thurston, Lewis, or Mason counties
- Purchase price limit: $404,500
- First-time buyer required: Yes — First-time homebuyer required
- Geographic restrictions: Property must be located in Thurston, Lewis, or Mason counties
- Homebuyer education required: No
How to Apply for OlyFed Affordable Homebuyer Program
Step 1: Contact OlyFed to confirm eligibility and begin a purchase or non-cash-out refinance application. Loan can be combined with WSHFC or other DPA programs to cover down payment and closing costs.
Notes
Mutual savings bank with deep community roots in Thurston County. Confirm current rate discount and PMI tier with OlyFed.