Washington House Key Opportunity DPA

Washington State Housing Finance Commission offers House Key Opportunity DPA to first-time buyers in Washington: up to $15,000, as a deferred loan.

Amount: As much as $15,000
The kind of help: Loan with deferred payments
Limited to first-time buyers: Yes, though some exceptions apply
Course for homebuyers: Required

How is Washington House Key Opportunity DPA paid back?

Deferred loan: a 1% loan that requires no monthly payments. Once you sell or refinance, move out, pass the home to someone else or pay off your home loan, you pay it back.

There's no monthly cost with a deferred loan, but the whole amount comes due when you sell, refinance or finish paying the first mortgage off.

Who qualifies for Washington House Key Opportunity DPA?

Your county and household size set the income limits.
First-time buyers only: yes, though some exceptions apply.
Taking a homebuyer education course ahead of the purchase.
This help is tied to the Commission's House Key Opportunity loan for a first mortgage.

Your county and household size set most limits. Use our HUD income limits lookup to see the median income for your area and how your household compares.

How to apply for Washington House Key Opportunity DPA

Before making an offer on a home, contact the agency or ask a lender who offers Washington State Housing Finance Commission's programs.
Your lender looks at the home, your income and your credit under the program's rules, then holds the money for you.
At closing, the funds go toward your down payment and closing costs.

Check the full rules and current application status here: Washington State Housing Finance Commission's page for House Key Opportunity DPA.

Ask a lender about Washington House Key Opportunity DPA

Tell us where you're buying and a lender that works with Washington's programs can tell you whether Washington House Key Opportunity DPA fits you, and what you could combine with it.

Call 866-602-7460

Don't feel like calling? The lender will reach you once you send your details.

More Washington programs for first-time buyers

Washington Home Advantage DPA:
as much as 5% of the home loan, as a deferred loan.
Washington Home Advantage Needs-Based DPA:
as much as $10,000, as a deferred loan.
Washington Covenant Homeownership:
as much as 20% of the price, capped at $150,000, as a deferred loan.
Washington HomeChoice DPA:
as much as $15,000, as a deferred loan.
Washington Veterans Downpayment Assistance Program:
up to $10,000, as a loan with deferred repayment.

Every Washington first-time home buyer program · Down payment help in each state