Down Payment Assistance

Down Payment Assistance is a deferred second loan for homebuyers in Multiple County, Washington. Chehalis Tribal Housing Authority NAHASDA-funded down payment and closing cost assistance program for enrolled Chehalis tribal members purchasing a primary residence within the Chehalis tribal service area. Down payment and closing cost assistance for enrolled members of the Confederated Tribes of the Chehalis Reservation purchasing a primary residence within the Chehalis tribal service area in southwest Washington. NAHASDA/IHBG-funded 0% deferred forgivable second mortgage — no monthly payment, forgiven over an affordability period if owner-occupancy maintained. Funding comes from Federal, HUD, NAHASDA, IHBG, and Tribal.

Down Payment Assistance offers between $5,000 and $40,000 in assistance. Homebuyer contribution: Minimum $500 borrower contribution from own funds typical. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Down Payment Assistance is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Forgiven over affordability period if owner-occupied and payable in full upon sale, refinance with cash-out, or vacating primary residence. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Down Payment Assistance is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: No FTHB requirement — open to repeat buyers within program guidelines. On credit, the program states: 620 minimum FICO recommended; first-mortgage lender overlays apply. A homebuyer education course is required, through Chehalis Tribal Housing Authority homebuyer education plus HUD-approved native homebuyer counseling (NeighborWorks/AIO). Residency requirement: Property must be within Chehalis tribal service area (Grays Harbor, Thurston, Lewis, Mason counties); owner-occupied as primary residence. Citizenship or immigration status: Enrolled Confederated Tribes of the Chehalis Reservation member; other federally enrolled American Indians where funds permit. Enrolled Confederated Tribes of the Chehalis Reservation member (or other federally enrolled American Indian where program funds permit). Property within Chehalis tribal service area in Grays Harbor, Thurston, Lewis or Mason counties. Owner-occupied primary residence. CTHA homebuyer education required. Income $53,100 (1 person) to $123,250 (8 person) per HUD NAHASDA / IHBG limits.

Down Payment Assistance limits household income to 80% of the area median income, which varies by county and household size. Household income $53,100 (1 person) to $123,250 (8 person) per HUD NAHASDA / IHBG limits for the Chehalis tribal service area. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Down Payment Assistance caps the purchase price as follows: Reasonable purchase price for primary residence in Chehalis service area; subject to lender appraisal. Eligible property types include Single-family detached, condo, townhouse, modular, manufactured (with land). New construction is eligible. Manufactured homes are eligible.

Down Payment Assistance names veterans, active-duty service members, reservists and National Guard members, surviving spouses, and American Indian and Alaska Native homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Down Payment Assistance serves homebuyers purchasing in Multiple County, Washington. The program targets specific areas: Chehalis tribal service area in southwest Washington (Grays Harbor, Thurston, Lewis, Mason counties).

Applications for Down Payment Assistance go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply via Chehalis Tribal Housing Authority; first-come first-served per annual NAHASDA allocation. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.