New Funding Available – WHFC

The Commission is pleased to announce the funding of House Key Plus ARCH downpayment assistance funds for borrowers purchasing in the Eastside Cities of King County.

Amount Available:  $800,000

Dates of Availability:
Loan reservations will be accepted for House Key Plus ARCH for borrowers at or below 80% of Area Median Income beginning 01/16/2013 in conjunction with a Home Advantage or House Key Opportunity first mortgage.  House Key Plus ARCH downpayment assistance funds offer up to $30,000 in downpayment assistance and have a reduced rate of 4% deferred interest with no monthly payments, subject to availability. Please see manual on our Website at http://www.wshfc.org/sf/downloads.html  for terms and conditions.  Further restrictions apply.

The Commission is pleased to announce the funding of Home Advantage Rebound downpayment assistance funds for borrowers using a Home Advantage first mortgage and purchasing bank owned, foreclosed or short sale homes statewide.

Amount Available:  $2,985,000

Dates of Availability:
Loan reservations will be accepted for Home Advantage Rebound for borrowers at or below $97,000 annual income beginning 01/16/2013 in conjunction with a Home Advantage first mortgage.  Home Advantage Rebound downpayment assistance funds offer up to $10,000 in downpayment assistance and have a 0% deferred interest rate with no monthly payments, subject to availability.  Please see manual on our Website at http://www.wshfc.org/sf/downloads.html  for terms and conditions.  A House Key Opportunity first mortgage is not allowed in conjunction with this program.  Further restrictions apply.

Section 13 manual updates are also available.

Please contact Karen Carlson Bunce at Karen.Carlson-Bunce@wshfc.org or 206-287-4413 with additional questions.