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Washington State Housing Finance Commission Karen Carlson Second Mortgage Program Administrator WSHFC Homeownership Division We Make Homeownership Happen 1-800-767-HOME www.wshfc.org Housing Education & Counseling WSHFC Pre-Purchase Home Buyer Education Seminars Train the Trainer 22 Benchmarks Mystery Shoppers One-on-One Pre-Purchase Counseling Many programs require additional 1:1 Budget worksheet Post Purchase Counseling Section 8 requires follow up Default and foreclosure, services Reverse Mortgages Housing Counseling Grants WHSFC administers several grants for counseling H.U.D. SuperNofa Neighborworks Neighborhood Initiative Statewide Foreclosure AGO /Countrywide Settlement Intake, Referrals, Pre –Purchase, Post-Purchase, Default and Foreclosure Counseling Resources for Foreclosure & Default Prevention HOTLINE: 1-877-895-4663 Washington Homeownership Resource Center Link to List of Service Providers: http://www.wshfc.org/buyers/counseling.htm Resources in Pierce County Homeownership Center of Tacoma, Consumer Counseling NW, South Sound Outreach & PC2 Other Resources Department of Financial Institutions http://www.dfi.wa.gov/ 1.877.RING DFI (746-4334). Report: Predatory Lending, Identity theft, Unfair lending Practices, Need Financial Education State Bond House Key Program Low-Moderate Income First Time Homebuyers Homebuyer Education Below Market Interest Rate Down Payment Assistance WSHFC SPECIAL PROGRAMS Down Payment Assistance and Second Mortgages House Key Plus HomeChoice House Key Schools House Key Veterans House Key Plus Seattle House Key ARCH (East King County) House Key Bremerton House Key Rural House Key Federal Way ALL Down Payment Assistance Programs must be used with a House Key First Mortgage Down Payment Assistance Web Pages Second Mortgage Loans for Down payment Assistance These programs provide assistance for down payment and closing costs. They can only be used with House Key State Bond first mortgage loan program. Brief descriptions on all The Commission’s DPA programs Can be found on our web site House Key Plus is a second mortgage program for qualified borrowers. Funds up to $10,000 in all counties. House Key Schools is a second mortgage program for teachers and employees of community or technical colleges and K-12 public or private schools. Funds up to $10,000. House Key Plus Seattle is a second mortgage program for qualified borrowers living within the city limits of Seattle. Funds up to $60,000. House Key Plus Arch East King County is a second mortgage program for qualified borrowers buying a home or condominium within an ARCH member city east King County ARCH area. Up to $30,000 HomeChoice is a second mortgage program for qualified borrowers who have a disability or a family member with a disability living with them. Funds up to $15,000. One-on-one counseling is required. House Key Veterans is a second mortgage program for Veterans who have served our country. Funds up to $10,000. House Key Plus Bremerton is a second mortgage program with a 3.00% interest rate and a fifteen-year loan term for people buying in Bremerton City Limits. House Key Federal Way is a second mortgage program up to $50,000 for people buying foreclosed or bank owned homes in the City of Federal Way. http://www.wshfc.org/buyers/downpayment.htm WSHFC