Homeownership is closer than you may think with one of the many Downpayment Assistance programs available to Snohomish County residents (all residents of Washington State can qualify).

Here at the Barnett Associates Team we can help put in contact with a local, qualifying lender to discuss home loan and downpayment assistance options.

Also, there are additional programs for veterans and widowed spouses, law enforcement and firefighters, educators, and tribal members.

Here are some frequently asked questions about downpayment assistance.

Q: How can I search for downpayment assistance programs online?
A: Easy, just follow one of the three links below.

• If you're working with Mickie, Click Here.
• If you're working with Toby, Click Here.
• If you're working with Casey, Click Here.

Q: Who qualifies for downpayment assistance?
A: Almost everyone though various program have their own guidelines.

Q: Is downpayment assistance only available to first time homebuyers?
A: No. If owned a home previously you can still qualify.

Q: Is downpayment assistance for only really cheap, or inexpensive homes?
A: No. Searching the NWMLS, higher end homes have options.

Q: If I have my own downpayment can I still use a downpayment assistance program?
A: Yes. If you've saved your own downpayment then the downpayment assistance program towards closing costs.

Q: What type of credit score do you have to have to qualify for downpayment assistance?
A: Typically a 720 credit is required yet checking with a home loan lender on the specific program is recommended.

Q: What type of properties qualify for downpayment assistance?
A: Single family homes, condos & townhomes, some multi-family homes (if the homebuyer lives in the property) and some manufactured homes.

Q: Does the downpayment assistance funds have to be paid back?
A: Depends on the program. Some programs have zero interest and zero payment options that are paid back up the sale of the property and some funds are in forms of grants and don't have to be repaid.

Q: Can I use any home loan lender to take advantage of downpayment assistance?
A: No. Home loan lenders have to be qualified in order to do these specific programs. Our lender, Joy Blodgett, has the qualifications.

We can help you find the right program, get in contact with a loan officer, find the right house, in the right area, and at the right time. Don't wait, take advantage of a downpayment assistance program and stop renting and paying off a landlord's house.