*Rates subject to change without notice. Homebuyers interested in applying for financing should contact one of the Commission’s Participating Lenders. The Commission does not lend money directly to consumers. Participating Lenders pre-qualify consumers and originate all mortgage loans. This is not an advertisement for credit as defined in Regulation Z. Contact a Commission Participating Lender for Annual Percentage Rate (APR). This is not a commitment to lend. Visit heretohome.org for more information.
**Further fees may apply. Contact your participating loan officer for further information.
The Opportunity Program is only available to applicants using the following downpayment assistance programs:
Purchasers using community second programs previously used with the Opportunity program.
Household purchasing never occupied new construction or in a community land trust (with or without the above downpayment assistance programs)
The Opportunity Program will be funded with tax-exempt mortgage revenue bonds and cannot be combined with the Mortgage Credit Certificate program. Additional IRS guidelines apply. Please talk with a Participating Lender.
HOW TO GET STARTED
You must first attend a free Homebuyer Education seminar. It will provide you with the steps to buying your first home. You will receive a certificate upon completion of the class, valid for two years. This will be a requirement of your loan process.
ADDITIONAL HELP WITH HOMEOWNERSHIP
Washington Homeownership Resource Center is an unbiased, community-sponsored, nonprofit agency that knows the programs, products and people throughout Washington State that can help.
Washington State Dept. of Financial Institutions, protecting Washington homeowners and buyers. Free state sponsored counseling is available to Washington residents who are facing foreclosure, thinking of buying a home, or considering refinancing. To speak with a counselor, call the Washington Homeownership Information Hotline at 1.877.894.HOME (1.877.894.4663).
OPPORTUNITY FIRST MORTGAGE LOAN AND SECOND MORTGAGE LOAN FOR DOWNPAYMENT ASSISTANCE
Do you qualify?
If you’ve attended and obtained a certificate from a Commission-sponsored homebuyer education seminar within the last two years; and.
If you are a first-time homebuyer, defined as someone who has not owned and occupied a primary residence at any time in the past 3 years (if you purchase in a Targeted Area you do not have to be a first-time homebuyer); and.
If you are either purchasing never-occupied, new construction or you qualify for one of the following downpayment assistance programs: Opportunity, HomeChoice, Seattle, ARCH, Tacoma, Veterans, or a community second programs previously used with the Opportunity program;
If you meet with a Participating Loan Officer and determine that you qualify for a mortgage loan according to FHA, VA, Conventional, Rural Housing Services (RHS),
OPPORTUNITY PROGRAM PARTICIPATING LENDERS
These Participating Lenders have a proven track record of originating and closing Opportunity loans.
1st Security Bank of Washington
Alaska USA Mortgage
American Pacific Mortgage
Axia Home Loans
Bank of the Pacific
Caliber Home Loans
Chimney Rock Mortgage
City First Mortgage Services
Cornerstone Home Lending
Diamond Residential Mortgage
Eagle Home Mortgage
Equity Home Mortgage
Evergreen Home Loans
Fairway Independent Mortgage
Finance of America
First California Mortgage Co.
First Continental Mortgage
Global Credit Union
HomeBridge Financial Services
Land Home Financial Services
Landmark Professional Mortgage
LoanStar Home Lending
Mortgage Express, LLC
Mortgage Master Service Corporation
Mountain West Bank
Network Mortgage Services
New American Funding
Numerica Credit Union
Paramount Equity Mortgage
Premier Mortgage Resources
Primary Residential Mortgage
Priority Home Lending
Security National Mortgage
Skyline Home Loans
Summit Mortgage Corporation
Universal American Mortgage
Veteran’s United Home Loans
Vitek Mortgage Group
Wells Fargo Bank, NA
QUESTIONS REGARDING PARTICIPATING LENDERS
The Commission welcomes new Participating Lenders into our programs. Please contact Corinna Obar at [email protected] or 206-287-4414
INCOME LIMITS FOR OPPORTUNITY Effective 03/10/2016
Borrowers must not exceed these Maximum Annual Income Limits: