See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 24, 2026
Homebuyer Programs in Spokane Valley, WA (2026)
Spokane Valley is Washington's eighth-largest city, sitting just east of Spokane along I-90 in Spokane County with a median home price around $425,000. First-time buyers here can stack assistance from several sources: the Washington State Housing Finance Commission offers up to 5% of the first mortgage through Home Advantage DPA and up to $15,000 through HomeChoice or Opportunity programs, while Community Frameworks' HomeStarts program provides up to $20,000 in deferred down payment assistance to qualified Spokane County buyers. Local credit union STCU offers a unique Down Payment Match Loan that matches 100% of your down payment up to 5% of the purchase price with no interest and no monthly payments. Spokane Valley itself does not run a city-funded DPA program but participates in the Spokane County CDBG Consortium, and buyers can also access the Spokane Housing Authority (Northeast Washington Housing Solutions) Homeownership Voucher program, SNAP's Down Payment Assistance Loan Program, and Habitat for Humanity-Spokane's homeownership program. Combining a WSHFC first mortgage with state and nonprofit DPA can produce $25,000 or more in total assistance on a typical Spokane Valley purchase.
City Programs in Spokane Valley
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Spokane Housing Authority Homeownership Program | Repayable Loan | Monthly Housing Choice Voucher subsidy applied to mortgage payment | Yes | View → |
- Type:
- Repayable Loan
- Amount:
- Monthly Housing Choice Voucher subsidy applied to mortgage payment
- First-time only:
- Yes
State Programs in Washington
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Covenant Homeownership Program | Forgivable Loan | Up to $150,000 (20% down plus closing costs) | Yes | View → |
| Home Advantage DPA | Deferred Loan | Up to 5% of the first mortgage loan amount | No | View → |
| Home Advantage Needs-Based DPA | Deferred Loan | Up to $10,000 | No | View → |
| HomeChoice Down Payment Assistance | Deferred Loan | Up to $15,000 | Yes | View → |
| Opportunity Down Payment Assistance | Deferred Loan | Up to $15,000 | Yes | View → |
| Veterans Down Payment Assistance | Repayable Loan | Up to $10,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $150,000 (20% down plus closing costs)
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to 5% of the first mortgage loan amount
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- Up to $10,000
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- Up to $15,000
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to $15,000
- First-time only:
- Yes
- Type:
- Repayable Loan
- Amount:
- Up to $10,000
- First-time only:
- Yes
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Community Frameworks HomeStarts Program | Deferred Loan | Up to $20,000 | Yes | View → |
| Habitat for Humanity Spokane Homeownership Program | Zero-Interest Loan | Below-market home sale with an affordable mortgage capped at 30% of gross monthly income | Yes | View → |
| SNAP Down Payment Assistance Loan Program | Deferred Loan | Amount determined during counseling based on borrower needs and program guidelines | Yes | View → |
| STCU Down Payment Match Loan | Silent Second Mortgage | Match of 100% of buyer down payment, up to 5% of purchase price | Yes | View → |
- Type:
- Deferred Loan
- Amount:
- Up to $20,000
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Below-market home sale with an affordable mortgage capped at 30% of gross monthly income
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Amount determined during counseling based on borrower needs and program guidelines
- First-time only:
- Yes
- Type:
- Silent Second Mortgage
- Amount:
- Match of 100% of buyer down payment, up to 5% of purchase price
- First-time only:
- Yes
How to Apply
Check your eligibility. Most Spokane County homebuyer programs require household income at or below 80% of the area median income (AMI). For a family of four in Spokane County, the 80% AMI threshold is roughly $75,000 to $80,000, but income limits vary by program — confirm your specific program's limits before applying.
Complete homebuyer education. SNAP (Spokane Neighborhood Action Partners) offers Washington State Housing Finance Commission-approved homebuyer education and one-on-one pre-purchase counseling. Call SNAP at 509-456-7627 or 509-319-3041 to sign up. Community Frameworks also offers HUD-approved online education through eHome America.
Contact a local housing counseling partner. Work with SNAP or Community Frameworks to identify which state and local DPA programs you qualify for and to compare terms. These agencies can layer multiple programs on top of a WSHFC first mortgage.
Get pre-approved with a participating lender. WSHFC programs require using a participating lender. Local credit unions including STCU, Canopy Credit Union, Gesa Credit Union, and Spokane City Credit Union offer first-time homebuyer products, and STCU participates as a WSHFC lender.
Find a home within program limits. Spokane County purchase price limits for WSHFC Home Advantage and Opportunity programs are adjusted annually — confirm the current limit with your lender before writing an offer. Spokane Valley has many neighborhoods priced below these ceilings.
Submit your application. Once under contract, your lender submits the DPA loan alongside your first mortgage. Allow 30 to 45 days for closing, longer if you are combining multiple DPA sources.
Close on your home. DPA funds are applied at closing to cover down payment and closing costs according to each program's rules.