Are you buying your first home in Washington?

Few first-time buyers have saved enough for a 20% down, but the good news is that you really don’t need that much. Borrowers can often get into a new home with as little as 3% or even 0% down. Most low down payment programs also let you use gifted money or down payment assistance (DPA) to cover your down payment and closing costs. Depending on your mortgage loan, you could potentially get into a new house with minimal cash out of pocket.

At 1st Security Bank, we offer custom loan programs designed to reduce costs and interest rates for buyers. The Home Advantage Program is open to first-time and repeat buyers who purchase within the state of Washington. They can qualify with household income under $180,000 (regardless of family size or location) and by completing a homebuyer education class.

Specialty Programs:

We specialize in serving communities with unique properties and supporting borrowers who may need down payment assistance programs.

Home Advantage DPA - Up to 5% of the 1st mortgage loan amount with simple interest.
HouseKey Opportunity DPA - Up to $15,000 loan amount with simple interest.
Both programs feature deferred repayment until the time of sale, transfer, refinance, an early payoff of the first mortgage, it is no longer a primary residence or after 30 years.

As a community-focused bank, we have the flexibility to offer financing options outside of the standard lending criteria for these unique situations.