Seattle House Key Plus offers up to $45,000 in Down Payment Assistance! The funds can be used for either your down payment or closing costs or BOTH. They can even be used to pay down your interest rate or your monthly mortgage insurance premium, which could lower your monthly payment substantially.
Seattle House Key Plus is for First Time Home Buyers. But even if you’ve owned a home in the past, you may still be eligible if you haven’t owned a property in the last 3 years.
The property must be located inside Seattle city limits. But it can pertain to any property type: single family, townhouse, or even a condo.
Seattle House Key acts as a SECOND loan. However, it’s interest rate is only 3% and it’s a DEFERRED payment!
What exactly does that mean? It means you don’t have to pay the money back until you either sell the property or refinance. That’s about as close to free money as you can get!
If you would like to find out more about House Key Plus or other state funded down payment assistance programs, go to our Calendar/Reservations page and register for one of our FREE First Time Home Buyer workshops. Don’t miss out on the chance to get help buying your first home in Seattle.
