One of my lenders is offering up to a $4,000 grant for lower income home buyers. The normal down payment for this type of conventional loan is 3%. So, on a $200,000 loan, the borrower pays $2,000 down and the lender pays $4,000. Now, I know finding real estate in WA for $200,000 is rare at best. However, for a bigger loan, the lender will still grant $4,000 of the down payment. Free $4K is still free $4K. This is designed to help low-income buyers get into their first home. They must be at or below 50% AMI (Area Median Income). You can find AMI here:https://ami-lookup-tool.fanniemae.com/amilookuptool/ Please call me with any questions.
