Learn About Opportunity Downpayment Assistance Loan Program

Opportunity is a downpayment assistance, second mortgage loan program with a 1.00% interest rate, payment deferred for 30 years, up to $15,000 and combines with the Opportunity first mortgage loan program.

Borrowers must be first-time homebuyers or buying in a target area.  Borrowers must also qualify for the Opportunity first mortgage loan program

Maximum Income Limit

As of 4/22/2024

 

COUNTY1-2 persons3+ Persons
King/Snohomish$88,800$110,950
Clark/Kitsap/Pierce/Skamania/Thurston/Whatcom$75,550$94,400
All other counties$63,950$79,900

 

Borrowers must attend a Commission-sponsored homebuyer seminar prior to reserving funds. Cash back to borrowers is not allowed.

Family of 4 smiling during sunset

Maximum Loan Amount

Eligible households may qualify for a maximum loan amount of up to $15,000 based on need. There is no assessment of need for Veterans to be eligible. A participating loan officer can help you determine the sales price you can afford, how much cash you will need to close, and how much you can borrow.

Homebuyer Education

Qualified buyers are required to attend a Commission-sponsored homebuyer seminar prior to reserving funds. Cash back to borrowers is not allowed.