First-Time Home Buyer Washington 2026
Your complete guide to buying your first home in Washington. 2+ down payment assistance programs, FHA loans from 6.05%, and step-by-step guidance.
What First-Time Buyer Programs Are Available in Washington?
Washington offers 2 major first-time home buyer assistance programs. These include WSHFC Home Advantage, WSHFC HomeChoice. Programs provide up to 5% of loan in down payment assistance through grants, forgivable loans, and below-market interest rates.
How Much Do I Need to Buy in Washington?
You can buy a home in Washington with as little as $0 down. VA and USDA loans require zero down payment. FHA loans need just 3.5% ($$20,125), and conventional loans start at 3% ($$17,250) on the median price of $575,000.
| Loan Type | Down Payment | $ Amount | Monthly P&I | Min Credit |
|---|---|---|---|---|
| VA Loan | 0% | $0 | $3,447 | 620 |
| USDA Loan | 0% | $0 | $3,540 | 640 |
| Conventional 3% | 3% | $17,250 | $3,434 | 620 |
| FHA Loan | 3.5% | $20,125 | $3,345 | 580 |
| Conventional 20% | 20% | $115,000 | $2,832 | 620 |
Washington Down Payment Assistance Programs
WSHFC Home Advantage
DPA up to 5% as second mortgage
WSHFC HomeChoice
DPA for buyers with disabilities
5 Steps to Buy Your First Home in Washington
To buy your first home in Washington, start by checking your credit score, getting pre-approved, and researching DPA programs. The entire process typically takes 30-60 days from pre-approval to closing. Here's your step-by-step roadmap.
Check Your Credit & Finances
Review your credit score (aim for 620+), calculate your debt-to-income ratio, and save for closing costs. In Washington, you may need as little as $20,125 for an FHA down payment.
Get Pre-Approved
Compare rates from at least 3 lenders. Current Washington rates: 6.25% (30-year), 6.05% (FHA). Pre-approval shows sellers you're serious and locks your rate.
Apply for Washington DPA Programs
Washington has 2+ DPA programs. The WSHFC Home Advantage offers up to 5% of loan. Apply early—funding can be limited.
House Hunt & Make an Offer
Popular cities in Washington: Seattle, Spokane, Tacoma, Vancouver, Bellevue. Median price is $575,000 (+4.0% YoY). Work with a local real estate agent who knows the market.
Close on Your New Home
Closing costs in Washington typically run 2-5% of the purchase price ($17,250-$28,750). Some DPA programs also cover closing costs.
Start Your Washington Home Buying Journey
Get pre-approved in minutes and see what you qualify for.
Get Pre-Approved NowWashington First-Time Buyer FAQ
What first-time home buyer programs are available in Washington?
Washington offers 2 major programs: WSHFC Home Advantage, WSHFC HomeChoice. These provide grants, forgivable loans, and below-market rates for down payment and closing cost assistance.
How much down payment do I need in Washington?
As little as $0 (VA/USDA), $$17,250 (3% conventional), or $$20,125 (3.5% FHA) on the median price of $575,000.
What income do I need to buy in Washington?
Using the 28% rule, you'd need approximately $$143,341/year. The median household income in Washington is $82,228.
What is the FHA loan limit in Washington?
The 2026 FHA loan limit in Washington is $977,500. The conforming loan limit is $977,500.