Скачать или смотреть Zero Down Payment Programs in Washington State💡

Overview of Washington State Housing Finance Commission Down Payment Assistance

Are you a potential homebuyer in Washington looking for down payment assistance? This educational overview, presented by a licensed loan originator, covers the key details of the Washington State Housing Finance Commission Down Payment Assistance program. While this isn’t an official class, it offers valuable insights to help you navigate the program and make informed decisions.

Key Takeaways:

• Assistance available with conventional, FHA, USDA, and VA loans.
• 3-5% down payment assistance—loan, not a grant.
• 0% interest on the main program; 1% deferred interest on others.
• No monthly payments on assistance loans.

Eligibility Requirements:

• Minimum credit score of 580 (620 for conventional loans).
• Home must be purchased in Washington.
• Mandatory homebuyer education class required.

Pros & Cons:

• Pros: Quicker homeownership, no extra loan payments, specialized programs.
• Cons: Higher rates/fees for lower credit scores, repayment required.

For personalized advice or assistance, contact RJ Bennett, licensed loan officer with the Bennett Team at Canopy Mortgage. Feel free to reach out at [email protected] or visit www.ApplyWithRJ.com for more information!

Canopy Mortgage, LLC | Corp NMLS# 1359687 | Branch Phone (360) 746-2440 | Branch NMLS# 2103069
All loans subject to credit and property approval.

Washington State Housing Finance Commission Class Schedule: https://wshfc.org/buyers/education.htm