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The Home Advantage loan program is available to qualified Washington State residents and is offered by the Washington State Housing Finance Commission (WSHFC). This program helps qualified low- to moderate-income home buyers purchase a home at below market interest rates.

Eligible households may also qualify for down payment assistance of a maximum loan amount of up to 4% of the first mortgage loan amount in the form of a deferred second mortgage at 0% interest and no monthly payment. You are not required to be a first-time home buyer to utilize Home Advantage, however some down payment assistance programs may only be available to first-time home buyers.

Conventional, FHA, and VA home loans, as well as Rural Housing Services, can be used with the Home Advantage loan program.


How to Qualify for Home Advantage

  • This loan program is available for qualifying residents in the state of Washington.
  • Annual household income must not exceed $145,000*.
  • 620 middle credit score is required for each borrower.
  • Participants must attend a free Home Buyer Education Seminar and receive a certificate of completion valid for two years.

Additional Resources

WSHFC Home Advantage
Home Buyer Education Seminars
Summit Mortgage Corporation is a Home Advantage participating lender in the state of Washington. Contact our VANCOUVER office to get in touch with one of our Commission-trained mortgage bankers and find out if you qualify for this program.


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*Income limits may differ between mortgage types and other Commission down payment assistance programs. Contact us to learn more about income limits.