4 minutes read
First-time homebuyers in Washington state, have you checked out these programs yet?
KB
10/13/2025
Buying a home for the first time is a huge milestone. It can be a daunting experience because it’s such a major life decision to make.
There’s just so much to consider! Your budget, the location, the costs and your long-term needs, and so on 😟
Don’t worry, as we’re here to help you make your homeownership journey easier and rewarding.
The good news is that in the state of Washington, there are programs offered to make homeownership more accessible for first-time home buyers like you. Let’s break them down now!
Offered by the Washington State Housing Finance Commission (WSHFC), this program is one of the more popular options for new buyers!
It’s simple, reliable, and practical. The main catch is that you’ll be given an opportunity to secure a 30-year fixed-rate mortgage, but that’s not all.
You’re also provided with downpayment assistance of up to 5% of the total loan amount.
This arrangement is another fantastic pick for buyers in Washington State.
You get to have a downpayment assistance of up to $15,000 at just a 1% interest rate, which is deferred for 30 years.
What’s not to like? You’ll be getting some extra financial support now and you don’t have to pay it back anytime soon!
This allows clients to reduce their tax liability.
How? You’ll be claiming a portion of your mortgage interest as a tax credit. Sounds good, right?
A deduction lowers the amount of your income that gets taxed, but a tax credit is even better, as it cuts down your actual tax bill, dollar for dollar. Talk about convenience 😉
These loans aren’t just exclusive to Washington homebuyers. You have the option to put down a lower down payment and the credit score requirements are more flexible compared to other types of loan arrangements.
If you’re having trouble with your credit history, look no further.
If you’re interested in a unique option, the Unison HomeBuyer might be the perfect match for you.
Basically, Unison will co-invest in your home purchase, providing you with additional funds. In exchange, you will be giving Unison a share of your home’s future appreciation or depreciation.
A new program launched by WSHFC in 2024.
This helps first-time buyers with down payments and closing costs. This has a 0% interest rate and you only need to be pay back when you sell or refinance your home.
You should choose a program based on your specific needs and what you’re most financially comfortable with.
And save more with a commission rebate when you buy a home with WithJoy.AI!
WithJoy.AI is a licensed discount real estate brokerage bases our of WA and also available in PA state. We leverage from AI technology find homes efficiently and schedule tours within an hour with our rodust network of agents. We rebate upto 70% of our commission back to home buyers at closing!
That means if you buy a $450K home, that has a 3% buyer’s agent commission, we will rebate you $9,450 at closing!
The average real estate commission in WA is 5.18%, why not keep more for yourself?
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