WSHFC Provides Programs For WA First Time Buyers

Programs In WA For 1st Time Home Buyers

First time home buyers in Washington have many options available to them for help in purchasing their first residence. The Washington State Housing Finance Commission (WSHFC) provides some very advantageous programs for Washington state residents seeking to purchase their first home.


Washington First Time Home Buyer Programs
Washington First Time Home Buyer Programs

Here are some highlights:

Home Advantage


Home Advantage Rates | House Key Opportunity Rates

Interest Rate*  30-year fixed: Origination Fee Points** Effective 12/09/2016 at:
FHA and VA Loans:
4.375% 1% 0 9:00 AM
4.625% 0% 0 9:00 AM
    Energy Spark:
4.125% 1% 0 9:00 AM
USDA Rural Development Loans:
4.375% 1% 0 9:00 AM
4.625% 0% 0 9:00 AM
4.125% 1% 0 9:00 AM
Conventional HFA Preferred Loans:
4.750% 1% 0 9:00 AM
5.000% 0% 0 9:00 AM
4.500% 1% 0 9:00 AM
Conventional HFA Preferred with no WSHFC DPA:
4.125% 1% 0 9:00 AM
4.250% 0% 0 9:00 AM
3.875% 1% 0 9:00 AM

*This is not an advertisement for credit as defined in Regulation Z; contact a WSHFC Participating Lender for Annual Percentage Rate (“APR”).  **Further fees may apply. Contact your participating loan officer for more information. Interest rate buydowns are prohibited.

Home Advantage Brochure

Frequently Asked Questions


Step 1:  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. Homebuyer Education »  Seminar Schedule »
Step 2:   Contact a Commission-trained loan officer to see what you will qualify for.
They can find the right loan type that will work with our programs. They also know the income limits we require.  Premier Participating Loan Officers »
Step 3:   Once you know how much you qualify for, it is time to look for a home.
Your lender and real estate professional will work with you to locate and finance a home.


Washington State Dept. of Financial Institutions protects 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).


Do you qualify?

If you’ve attended and obtained a certificate from a Commission-sponsored homebuyer education seminar within the last two years;
If you meet the program income limits listed below; and…
If you meet with a Commission trained loan officer and determine that you qualify for a mortgage loan according to FHA, VA, Conventional, Rural Housing Services (RHS),

Then… you may qualify!


These Participating Lenders have a proven track record of originating and closing Home Advantage loans.
See Premier Participating Loan Officers.

1st Security Bank of Washington

Absolute Mortgage

Academy Mortgage

Alaska USA Mortgage

American Pacific Mortgage

Axia Home Loans

Bank of the Pacific

Banner Bank

Bay Equity Mortgage

Caliber Home Loans

Chimney Rock Mortgage

City First Mortgage Services

CMG Mortgage

Cornerstone Home Lending

DHI Mortgage

Directors Mortgage

Eagle Home Mortgage

Envoy Mortgage

Equity Home Mortgage

Evergreen Home Loans

Fairway Independent Mortgage

Global Credit Union

Guild Mortgage


HomeStreet Bank


Intercap Lending

Kiel Mortgage

Land Home Financial Services

Landmark Professional Mortgage

LeaderOne Financial

LoanStar Home Lending

Mann Mortgage

Mortgage Express, LLC

Mortgage Masters

Movement Mortgage

Network Mortgage Services

New American Funding

Numerica Credit Union

On Q Financial

Opes Advisors

Peoples Bank

Pinnacle Capital Mortgage

Primary Residential Mortgage

Prime Lending

Priority Home Lending

Procura Mortgage

Prospect Mortgage

Skyline Home Loans

Stearns Lending

Summit Funding

Summit Mortgage Corporation

The Advisors

Umpqua Bank

Universal American Mortgage

Veteran’s United Home Loans

Vitek Mortgage Group

Wallick & Volk

Washington Trust

Wells Fargo Bank, NA

Willamette Valley Bank


The Commission welcomes new participating lenders into our programs.
Please contact Corinna Obar at or 206-287-4414.


Borrowers must not exceed the Maximum Annual Income Limit:  Statewide $97,000

For complete details on these programs, including contact information and instructions on how to apply, please visit this WSHFC program overview page.

More Illinois First Time Buyer Programs

In addition to the above homebuyer programs offered by WSHFC, there are local housing agencies in various towns, cities and counties throughout the state that provide financial assistance to 1st time property buyers as well. To determine if there any near you, please visit local first time home buyer programs in Washington.