Snohomish County Home Loans & Financing Options

Snohomish County residents have access to every type of home loan a property may qualify for. These home loan programs vary in details, downpayments, and buyer qualification so take a moment to become familiar with: minimum and zero down programs, first home buyer programs, active and retired military service member programs, jumbo loan options, and Federal and State government programs

Below are short descriptions for each home loan program with links to more information.

First Time Home Buyers

First Time Home Buyer financing and loans programs programs are no longer being offered. Instead, first time home buyers are using other financing programs like the Home Advantage Program, Home Ready, and USDA financing as these programs are zero-down or low-down payment programs.

FHA Financing Information

FHA financing is 3.5% down program in which virtually every home, condos may or may not qualify, in Snohomish County can qualify for. Find out more on the FHA page.

USDA Financing Information

USDA financing is a zero home loan program designed to encourage people to move away from city centers. Two key attributes of USDA are: home qualification is based on geographical location and buyers cannot exceed a specific income bracket. Learn more on the USDA page.

VA Financing Information

VA financing is a zero home loan specifically for active, retired, and any honorably discharged service member(s). This includes: Navy, Army, Air Force, Marines, Reservists, and Coast Guard - also, reservists can qualify. Learn more on the VA page.

Fannie Mae Home Ready Program

HomeReady® is the affordable, low down payment mortgage product designed for creditworthy low - to moderate-income borrowers, with expanded eligibility for financing homes in low-income communities. Learn more at the Home Ready page.

Home Loans for Police Officers

FHA's Officer Next Door program offers first time homebuyers and not first time homebuyers that are police officers, corrections officers, parole and probation officers, state troopers, university law enforcement, investigators, prison staff, corrections facility supervisors, and security officers to purchase, refinance, or receive a 203k home loan. Read more at the Police Officer page.

HUD Good Neighbor Next Door Program

Law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. Learn more at Good Neighbor Next Door page.

Jumbo Financing Information

Jumbo loans are the classification for home purchased over $500,000 and virtually every home can qualify. Learn more on the Jumbo page.

Conventional Financing Information

Conventional loan programs vary in downpayment - 5%, 10%, and 20% - and are used when people want to put a down large downpayment with more favorable terms. Learn more on the Conventional page.

Home Advantage Financing Information

Home Advantage is a program designed by the Washington State Housing Commission for first time home buyers. The program requires a 5 hour course complete with certification and can include downpayment assistance. Learn more on the Home Advantage page.

Energy Spark Home Loan

EnergySpark is designed to work hand?in?hand with the Home Advantage loan and downpayment assistance. Read more on the Energy Spark page.

Manufactured Home Loan Financing Information

Typically the hardest to finance, manufactured homes on real property and leased land can be financed. The financing is usually case by case depending on: credit scores, down payments, and age of the home.