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Sam Smith Hi Neighbor Homeownership Fund

Administered by: HomeSight · Nonprofit · Deferred Loan

Funding status: Active

How much assistance

Up to $20,000 (Deferred Loan)

Not forgivable. Deferred for 30 years or until sale or refinance.

Eligibility

  • Income limits: Between 80% and 120% AMI in Washington state
  • First-time buyer required: No
  • Credit score minimum: 620
  • Geographic restrictions: Washington state. Designed for Black and African American homebuyers. Can be layered on top of existing mortgage loans and other HomeSight purchase assistance.
  • Homebuyer education required: Yes

How to Apply for Sam Smith Hi Neighbor Homeownership Fund

Step 1: Contact HomeSight at (206) 760-4200 or visit homesightwa.org to begin an intake.

Step 2: Complete homebuyer education with HomeSight.

Step 3: Work with a HomeSight-approved lender to layer the Sam Smith Fund with your first mortgage and any other DPA products.

Step 4: Close on your home.

Notes

Program was increased from $12,000 to $20,000 to make families more competitive in the market. Partnership between HomeSight, Windermere Real Estate, U.S. Bank, and the National Association of Real Estate Brokers.

Cities Where This Program Is Available