Washington HomeChoice DPA

How is Washington HomeChoice DPA paid back?

Deferred loan: 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 HomeChoice DPA?

• Only for buyers with a disability or a disabled family member living with them.
• Income up to $164,400 in King or Snohomish County, and $126,800 in all other counties.
• First-time buyers only: yes, with exceptions.
• A homebuyer education course before you buy.
• It comes with the Commission's Home Advantage or House Key Opportunity first-mortgage loan.

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 HomeChoice DPA

1. 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.
2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
3. 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 HomeChoice DPA.

Other first-time buyer programs in Washington

• Washington Home Advantage DPA: up to 5% of the home loan, deferred loan.
• 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 Veterans Downpayment Assistance Program: up to $10,000, deferred loan.

All Washington first-time home buyer programs · Down payment assistance in every state