Washington Home Advantage DPA
Washington State Housing Finance Commission offers Home Advantage DPA to home buyers in Washington: up to 5% of the home loan, as a deferred loan.
- Amount
- Up to 5% of the home loan
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Homebuyer course
- Required
How is Washington Home Advantage DPA paid back?
Deferred loan: 0% loan with no monthly payments. You repay it when you sell, refinance, give the home to someone else, move out or pay off your home loan.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Washington Home Advantage DPA?
- Statewide income limit: $215,000.
- You don't have to be a first-time buyer.
- A homebuyer education course before you buy.
- It comes with the Commission's Home Advantage first-mortgage loan program.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Washington Home Advantage DPA
- Ask a lender that works with Washington State Housing Finance Commission's programs, or contact the agency, before you make an offer on a home.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Washington State Housing Finance Commission's page for Home Advantage DPA.
Ask a lender about Washington Home Advantage DPA
Tell us where you're buying and a lender that works with Washington's programs can tell you whether Washington Home Advantage DPA fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Washington
- Washington Home Advantage Needs-Based DPA: up to $10,000, deferred loan.
- Washington House Key Opportunity DPA: up to $15,000, deferred loan.
- Washington Covenant Homeownership: up to 20% of the price, at most $150,000, deferred loan.
- Washington HomeChoice DPA: up to $15,000, deferred loan.
- Washington Veterans Downpayment Assistance Program: up to $10,000, deferred loan.
All Washington first-time home buyer programs · Down payment assistance in every state