Tacoma Down Payment Assistance Program

• The borrower sells the home
• The borrower refinances the home
• The home is transferred
• The borrower fails to maintain the property as principal place of residence
• When the home is paid off (on or before 30 years)

• Applicants must be first-time homebuyers.
• The home being purchased must be the principal residence and owner-occupied.
• Due to federal guidelines, the home must not have been occupied by a tenant within 90 days of the purchase and sale agreement.
• Borrowers must attend and complete a free Homebuyer Education Seminar sponsored by the Washington State Housing Finance Commission. Online Homebuyer Education will not meet the seminar requirement for this program.
• Borrowers must also attend a free one-on-one, pre-purchase counseling session.
• Borrowers must fall within the following income limits:
  
  -- 1 person household: $40,500
  -- 2 person household: $46,300
  -- 3 person household: $52,100
  -- 4 person household: $57,850
  -- 5 person household: $62,500
  -- 6 person household: $67,150
  -- 7 person household: $71,750
  -- 8 person household: $72,300
• The property being purchased must fall within the following limits:
  
  -- Existing Construction home limit: $218,000
  -- New Construction home limit: $228,000

Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.