Washington HomeChoice DPA
Washington State Housing Finance Commission offers HomeChoice DPA to first-time buyers in Washington: up to $15,000, as a deferred loan.
- Amount
- You can get up to $15,000
- What kind of help
- A loan you pay back later
- Only first-time buyers
- Some exceptions apply, but yes
- Course for homebuyers
- Required
How is Washington HomeChoice DPA paid back?
You make no monthly payments on this deferred loan. Once your home loan is paid off, or you sell, refinance, move out or pass the home to someone else, you repay it.
With a deferred loan there's no monthly cost. The entire amount comes due when you sell the home, refinance or pay off the first mortgage.
Who qualifies for Washington HomeChoice DPA?
- It's open only to buyers who have a disability themselves or a disabled family member in their home.
- King or Snohomish County buyers can earn up to $164,400; the limit drops to $126,800 in every other county.
- Limited to first-time buyers, yes, but exceptions apply.
- Before you buy, you take a homebuyer education course.
- This help is attached to the Commission's Home Advantage first-mortgage loan or the House Key Opportunity one.
Your county and household size set most of the limits. Check our HUD income limits tool to see the median income for your area and how your household compares.
How to apply for Washington HomeChoice DPA
- Before you put an offer on a home, contact the agency or ask a lender that offers Washington State Housing Finance Commission's programs.
- The lender looks at your credit, income and the home, checks them against the program's rules and sets the money aside for you.
- This help goes toward your down payment and the closing costs, paid when the loan closes.
For the full rules and to see if it's taking applications, go to Washington State Housing Finance Commission's page for HomeChoice DPA.
Ask a lender about Washington HomeChoice DPA
Tell us where you're buying and a lender that works with Washington's programs can tell you whether Washington HomeChoice DPA fits you, and what you could combine with it.
Don't want to call? Share your details and the lender will get in touch.
Washington's other first-time buyer programs
- Washington Home Advantage DPA:
A deferred loan, worth as much as 5% of the home loan.
- Washington Home Advantage Needs-Based DPA:
A deferred loan of up to $10,000.
- Washington House Key Opportunity DPA:
A deferred loan of up to $15,000.
- Washington Covenant Homeownership:
A deferred loan worth as much as 20% of the price, and no more than $150,000.
- Washington Veterans Downpayment Assistance Program:
As much as $10,000 with repayment deferred.
Every Washington first-time buyer program · Down payment help across all states