Washington State Housing Finance Commission

First time Home Buyer Program

 Location at the Timberland Library Downtown Shelton

There are programs that help make home ownership possible for low to moderate income homebuyers here in Washington State.  We are proud to be a partner with WSHFC in participating in the First Time homebuyers classes.  11:00 am to 5:00 pm.  You can go to the WSHFC website to see all the sites for classes, but here is this year's schedule for the classes in Shelton WA:

March 23

April 27

May 18

June 22

July 27

October 26

November 23

Next Classes will be announced when scheduled

Register on the WSFHC website, or use our form to register.

FIRST TIMERS:  The primary first mortgage program is for qualified homebuyers. Borrowers must meet the program income limit and attend a free Commission-sponsored homebuyer education seminar. The following loan types can be used for this loan program: Federal Housing Administration (FHA), Conventional (Fannie Mae), Rural Housing Services (RHS), and Veteran’s Administration (VA).

You do not need to be a first-time homebuyer to utilize Home Advantage.

SECOND MORTGAGE:  Eligible households may qualify for a maximum loan amount of up to 4% ofthe first mortgage loan amount in ALL counties of Washington State. The funds can only be used for down payment and closing costs. This is a deferred second mortgage (no payments) at 0% interest. Payable in 30 years, or at the time of sale, refinance or transfer. Information on other second mortgage loan programs is available on website at: www.wshfc.org/buyers/downpayment.htm.



Classes will be taught by Susie Irvine from Homestreet bank in Olympia and John Borgert


NOTE:  The WSFHC has a new program for buyers and the 1st home buyer requirement is not part of the program 4% of purchase price, 30 year no interest loan, payable in 30 years, or when sold or refinanced. Must attend the 1st time home buyer class.  Good program for manufactured homes with land using FHA. Buyer(s) need $1000.00 to close.  Contact John for more information. 



First Time Home Buyers Class

Register for the next First Time Home Buyers class using this form.

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