Homebuyer Downpayment Assistance Program – Clark County | Washington grant

Homebuyer Downpayment Assistance Program – Clark County

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Clark County Treasurer’s Office in partnership with Washington State Housing Finance CommissionWAFirst-Time Homeowner

Funding: Provides up to 60,000 dollars in total downpayment and closing cost assistance, typically structured as 45,000 dollars from Clark County and 15,000 dollars from the Washington State Housing Finance Commission in a 2 percent simple interest deferred second mortgage repaid when the primary mortgage is paid off or the home is sold, refinanced, transferred, or no longer owner-occupied.Clark County American Rescue Plan funded and Washington State Housing Finance Commission partnered downpayment assistance program that provides up to 60,000 dollars as a simple interest deferred second mortgage layered on a WSHFC first mortgage.RollingScope: Localstate

Updated: Dec 6, 2025

Summary

County-level DPA program in partnership with WSHFC providing up to $60,000 in low-interest, deferred assistance for income-eligible first-time buyers in Clark County.

Benefits

down payment assistanceclosing cost assistance2% interestdeferred loansecond mortgagecounty programARPA funded

Who Can Apply

homebuyerfirst-time homebuyerlow-income homebuyerClark County resident

Eligible Locations

First-time homebuyers who have not owned a home in the past three years and are purchasing an owner-occupied primary residence in Clark County, Washington with a purchase price at or below program limits, household income under published caps, minimum credit score of 620, and who are willing to pair the assistance with a WSHFC Home Advantage or House Key first mortgage through a participating lender.

Eligibility

First-time homebuyers (no home owned in past three years) purchasing a primary residence in Clark County with a purchase price ≤$600,000, application income under $105,210 (90% of median income for a family of four as of 2024), credit score of at least 620, and willingness to live in the home as an owner-occupant; must pair assistance with a WSHFC Home Advantage or House Key first mortgage and work with a participating lender.

Full Description

Clark County’s Homebuyer Downpayment Assistance Program leverages American Rescue Plan (ARPA) funds and WSHFC capital to offer a powerful second-mortgage option for first-time buyers. Qualified households can receive up to $60,000—$45,000 from the county and $15,000 from WSHFC—as a 2% simple-interest deferred loan layered on top of a WSHFC Home Advantage or House Key first mortgage. There are no monthly payments on the assistance; repayment is due only when the primary mortgage is paid off, or when the home is sold, refinanced, transferred, or no longer owner-occupied. To qualify, buyers must earn under program income caps, purchase a home in Clark County priced at $600,000 or less, meet minimum credit and DTI standards, and commit to living in the home as their primary residence. Borrowers start by completing a short online form and then working with a Commission-trained lender to reserve both the first mortgage and the DPA funds, making this program a cornerstone of local efforts to improve homeownership access in southwest Washington.

Verification & Details

Status: Open

Source: clark.wa.gov

Official source → clark.wa.gov

Apply on official siteUpdated Dec 6, 2025

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