Background image for

Washington Bond Home Loans & Washington State Down Payment Assistance

Get up to $40,000 Down Payment Assistance with Our Loan Programs*

*Get Down Payment Assistance of up to 5% of your first mortgage amount

The team at NW Capital Mortgage works with both state-backed programs and proprietary programs, making it easier for buyers to qualify for competitive interest rates. We also pair you with Washington state down payment assistance to reduce—and possibly eliminate—your upfront costs.

As a WSHFC-approved lender, we help buyers understand Washington bond home loans, match them with the right assistance programs, and guide them through the process from pre-approval to closing.

What Are Washington Bond Loans?

Washington bond home loans are affordable mortgage programs offered through the Washington State Housing Finance Commission (WSHFC). These programs are designed to help first-time homebuyers access low-interest financing and combine their loan with down payment or closing-cost assistance. They can be originated only through approved mortgage lenders (that’s us).

When paired with assistance, Washington bond home loans can dramatically reduce the amount of money needed upfront to purchase a home.

Benefits of Washington Bond Home Loans

  • ✔️ Competitive, fixed interest rates
  • ✔️ Options for down payment and closing-cost assistance
  • ✔️ Support for first-time and qualifying repeat buyers
  • ✔️ Programs available across Washington state
Young Couple Applying for a Mortgage

Who Qualifies for a Washington Bond Home Loan and Down Payment Assistance?

Washington bond home loans and Washington state down payment assistance programs include the following eligibility requirements. Borrowers must:

  • Meet household income limits (varies by county and specific program)
  • Stay within the loan limits for their designated county
  • Meet the minimum credit score requirements
  • Complete a WSHFC-approved homebuyer education course
  • Work with a WSHFC-approved lender

The Washington bond loan is also available to repeat buyers who meet specific criteria.

Remember: if you don’t qualify for a WA Bond Home Loan, we have more flexible proprietary programs that you may qualify for.

Business

Why Work with NW Capital Mortgage?

  • As a Local Northwest Division of American Pacific Mortgage, we are an approved lender with the Washington State Housing Finance Commission.
  • Our team is experienced with Washington bond home loans and state assistance programs.
  • We can provide guidance on income limits, purchase-price caps, and eligibility rules.
  • We support you in comparing multiple assistance options.
  • We give you clear, step-by-step explanations from pre-approval through closing.
  • We help you understand your options and create a plan that fits your budget and homeownership timeline.
Get A Quote

How to Apply for a Washington Bond Home Loan

Click each step to explore how Washington bond home loans and down payment assistance work with NW Capital Mortgage.

Check your eligibility with NW Capital Mortgage

We’ll review your income, credit, debts, and target home price to see if Washington bond home loans and Washington state down payment assistance are the right fit for you.

Get pre-approved for Washington bond home loans

We collect the necessary documents, analyze your financial profile, and match you with eligible bond and assistance options so you know exactly what you qualify for before you shop.

Select your down payment assistance program

We’ll help you choose the Washington state down payment assistance program that best fits your needs, goals, and budget so you can keep more cash in your pocket at closing.

Find a home and make an offer

Work with a real estate agent who has experience with these programs to find a home within your approved price range and submit an offer that aligns with your Washington bond loan and assistance terms. We can help you select an experienced real estate agent if you need one.

Complete WSHFC-approved homebuyer education

Take a WSHFC-approved homebuyer education course online or in person. We’ll help you find the right course and make sure it’s completed in time so it doesn’t delay your closing.

Finalize underwriting and close

Once underwriting is complete, your Washington bond loan and assistance funds are applied at closing. You’ll sign your final documents, receive your keys, and move into your new home.

Common Questions About Washington Bond Home Loans

Washington offers a wide range of mortgage options designed to help first-time homebuyers get into a home with affordable terms. The Washington State Housing Finance Commission (WSHFC) provides several popular programs—including down payment assistance and below-market interest rates—that make homeownership more accessible. At WABondLoans.com, our recommended team at NW Capital Mortgage specializes in helping buyers navigate these programs and choose the option that best fits their financial goals.

Common loan options for first-time buyers include:

  • WSHFC Home Advantage Program: Offers competitive interest rates and optional down payment assistance to qualifying buyers.
  • WSHFC House Key Opportunity Program: Provides lower interest rates and specialized down payment assistance (DPA) programs for buyers who meet specific income and purchase price limits.
  • FHA loans: Government-backed loans with flexible credit requirements and low down payment options.
  • VA loans: Zero down payment loans for eligible veterans, active-duty service members, and surviving spouses.
  • USDA loans: Zero down payment options for homes in eligible rural areas.
  • Conventional loans: Low down payment programs (as little as 3%) for qualified buyers.

Not sure which loan is right for you? Our team will walk you through each option, confirm your eligibility for Washington’s bond programs, and help you secure an affordable path to homeownership. Get Started.

 

You can find mortgage lenders who specialize in Washington state bond home loans—such as the Home Advantage and House Key Opportunity programs—right here on this website.

WABondLoans.com recommends the team at NW Capital Mortgage, a Division of American Pacific Mortgage. They are not only an approved lender with WSHFC, but they also specialize in Washington state bond programs. The NW Capital Mortgage team works extensively with these programs, ensuring that you receive accurate guidance, fast pre-approvals, and access to benefits available to first-time homebuyers in Washington.

Whether you’re just starting your search or already comparing rates and programs, we make the process simple by helping you determine eligibility and get pre-approved for a program that meets your needs. Get Started.

Buyers interested in homes under the Washington state bond program—including the Home Advantage and House Key Opportunity programs—can access several specialized mortgage services designed to make the homebuying process easier and more affordable. These services include:

  • Program eligibility guidance: Helping buyers understand income limits, credit requirements, and property guidelines for WA bond programs.
  • Down payment assistance support: Identifying which WSHFC DPA options you qualify for and how they can reduce upfront costs.
  • Loan program selection: Comparing FHA, VA, USDA, and conventional loan options that work seamlessly with WA Bond programs.
  • Rate and payment planning: Providing customized scenarios to help buyers understand monthly payments, interest rates, and long-term affordability.
  • Pre-approval services: Offering fast, accurate pre-approvals required to participate in state bond home loan programs.
  • Education and homebuyer course assistance: Guiding buyers through the mandatory WSHFC homebuyer education requirements.

At WABondLoans.com, we specialize in these services and work extensively with Washington’s state bond programs. Our recommended team at NW Capital Mortgage ensures that you receive expert guidance, access to benefits, and a smooth path to securing a home through the WA Bond program. Get Started.

If you’re looking to apply for a mortgage loan with down payment assistance in Vancouver, WA, an easy and reliable place to start is right here on our website.

WABondLoans.com recommends the team at NW Capital Mortgage, a division of American Pacific Mortgage. They are an approved lender for Washington State Housing Finance Commission (WSHFC) programs, including the Home Advantage and House Key Opportunity programs that offer competitive interest rates and powerful down payment assistance options.

Our online application makes it simple to:

  • Check your eligibility for down payment assistance programs
  • Get pre-approved quickly
  • Explore loan options tailored to first-time and qualifying homebuyers
  • Connect with a lending expert who specializes in Vancouver-area purchases

Whether you’re buying your first home or returning to the market, you can apply online today through our secure application portal and get started on the path to homeownership with the WABondLoans.com recommended team of loan officers.

The Washington bond loan programs provided by the Washington State Housing Finance Commission help qualified buyers access competitive, low interest rates on their first mortgage and combine their loan with down payment or closing-cost assistance.

You must meet income limits, purchase-price caps, and credit requirements, as well as complete a homebuyer education course. Many programs focus on first-time buyers, but some also cater to repeat buyers. Connect with our team today to learn more.

Yes, you can use a Washington bond loan with any of these mortgages. Many buyers combine Washington bond loans with popular loan types, depending on program rules and lender guidelines.

Yes. WSHFC requires homebuyer education for the Washington bond loan and all state down payment assistance programs. We will help you find the right course for your needs.

Assistance amounts vary by program and county. As your lender, our team will estimate how much you can receive based on your income, credit, and loan type.

Yes. Many Washington state assistance programs can be used for both down payment and eligible closing costs.

 

Start by clicking here to check your eligibility and start the pre-approval process with our team at NW Capital Mortgage to see which loan program and assistance programs you qualify for.

See if You Qualify for Washington Bond Home Loans

Take the first step toward homeownership by learning more about the Washington bond loan and Washington state down payment assistance. Our team will guide you through your options and help you build a clear path to closing.

Start Your Washington Bond Home Loan Pre-Approval
teamwork

About Us

We are committed to helping you buy a home in Washington even if you have no money saved for down payment. 

We have access to Down Payment Assistance Programs that many Lenders do NOT have access to.

Apply Now
handshake with a house

Loan Programs

We offer FHA, VA, USDA, Conventional, and Down Payment Assistance Loans.

We also have other Down Payment Assistance Programs that have NO INCOME LIMIT and do NOT require you to be a First Time Home Buyer.

Learn More
house under magnifying glass

Recent Articles

Browse our library of up-to-date articles. Unlike other websites with outdated information and many errors, we pride ourselves on offering up-to-date information.

Learn how to buy a home with NO DOWN PAYMENT.  

Recent Articles