HomeChoice is down payment assistance for first time home buyers. If you have a disability or have a family member with a disability living with you (as defined by the “Americans with Disabilities Act” ) and are looking to buy your first home in King County then Home Choice may be right for you.
HomeChoice offers up to $15,000 in down payment assistance. These funds can be used for your down payment OR for your closing costs OR both! You may be able to buy a house with little to NO money out of pocket!
HomeChoice has extremely low interest rates. HomeChoice down payment assistance is a second loan which needs to be repaid eventually. BUT the interest charged is only 1%, it accrues as simple interest instead of compound, and the full amount doesn’t need to be repaid until you sell the home or refinance. This may be as close to free money as you can get when it comes to down payment assistance in the greater Seattle area.
HomeChoice assistance depends on an individuals specific situation. So if you think you might be eligible and would like to find out more about HomeChoice or other down payment assistance programs we offer, go to our Calendar/Reservations page and register for one of our FREE First Time Home Buyer workshops. (To be eligible for any of our down payment assistance programs you must attend one of our workshops where you will recieve a certificate of attendance).
