The Washington State Housing Finance Commission's House Key Veterans program offers down payment assistance in the form of a second mortgage loan to Washington State veterans who have served our country.

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House Key Veterans Program

Financial Assistance for Homebuyers in Washington

The Washington State Housing Finance Commission's House Key Veterans Program offers down payment assistance in the form of a second mortgage loan to Washington State veterans who have served our country. House Key Veterans combines with the Home Advantage first mortgage loan program to offer a second mortgage with a 3 percent interest rate and a ten-year loan term. Eligible households may qualify for a maximum loan amount of up to $10,000.

Eligible Borrowers
  • Any person who has received an honorable discharge or a discharge for medical reasons with an honorable record
  • Members and honorably discharged former members of the Washington National Guard and Reserve
  • Never remarried spouses and dependent children of deceased Veterans
Additional Requirements
  • Borrowers must be first-time homebuyers or buying in a targeted area*
  • Borrowers must qualify for the Home Advantage Program first mortgage loan program
  • Borrowers must attend a Commission-sponsored homebuyer seminar prior to reserving funds
Homebuyer Income Limits
  • King/Snohomish: $90,300
  • Kitsap: $78,100
  • Clark/Thurston: $73,600
  • All Other Counties: $73,300
*Targeted areas are census tracts in Washington state that meet federal guidelines as economically distressed.

Down Payment Grants in Washington

The ARCH East King County Downpayment Assistance Loan Program helps qualified borrowers purchasing a home or condominium within an ARCH member city. It provides up to $30,000 in down payment assistance at 4 percent simple interest. 

The Washington State Housing Finance Commission offers residents of Bellingham the Bellingham Downpayment Assistance program with up to $40,000 in down payment and closing cost assistance. Payment can be deferred for 30 years at 3% simple interest.

The Washington State Housing Finance Commission offer homebuyers the Home Advantage Down Payment Assistance Loan Program, a second mortgage with a zero percent interest rate and payment deferred for 30 years that combines with the Home Advantage first mortgage.

HomeChoice is a down payment assistance program offered by the Washington Housing and Finance Commission. It combines with the House Key and Home Advantage first mortgage loan programs. 

The Washington State Housing Finance Commission's House Key Veterans program offers down payment assistance in the form of a second mortgage loan to Washington State veterans who have served our country.

The Washington State Housing Finance Commission offers a down payment assistance program called Opportunity, a second mortgage loan program with a 1 percent interest rate, with the payment deferred for 30 years. 

This program is for qualified borrowers purchasing within the Pierce County limits, outside of the Tacoma, Lakewood, Bonney Lake, Auburn, and Pacific city limits. The loan amount goes up to $24,900, with payments deferred for 30 years, at 4 percent simple interest.

Under this program, qualified borrowers purchasing within the city limits of Seattle are allowed up to $45,000 in assistance with payments deferred for 30 years, at 3 percent simple interest. Funds may be used for down payment and closing costs.

Qualified borrowers within Tacoma city limits are allowed up to $20,000 in down payment and closing cost assistance with payments deferred for 30 years, at 4 percent simple interest. The borrower’s minimum down payment requirement is $500.