Kitsap County Down Payment Assistance

What is Kitsap County Down Payment Assistance?

Kitsap County Down Payment Assistance is a deferred second loan for homebuyers in Kitsap County, Washington.

• Kitsap County down payment assistance program — funded by Kitsap County HOME Consortium and county housing trust dollars; administered by Community Frameworks for income-qualified first-time homebuyers purchasing in Kitsap County.
• Deferred 0% second mortgage of typically $5,000-$40,000 for income-qualified first-time homebuyers purchasing a primary residence within Kitsap County (urban / non-rural areas). Funded by Kitsap County HOME Consortium and County housing trust dollars, administered by Community Frameworks. No monthly payment.
• principal due on sale, refinance with cash-out, or when no longer primary residence.
• Funding comes from Federal, HUD, HOME, Local, and County.

Do you have to pay it back?

Kitsap County Down Payment Assistance is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Forgiven over HUD HOME affordability period and payable on 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.

Who qualifies?

Kitsap County Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Kitsap County Down Payment Assistance limits household income to 80% of the area median income, which varies by county and household size.

• Household income $67,050 (1 person) to $126,400 (8 person) per HUD HOME 80% AMI limits for Kitsap County / Bremerton-Silverdale MSA.
• 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.

What kind of home can it be used for?

Kitsap County Down Payment Assistance caps the purchase price as follows: Subject to HUD HOME maximum sales price for Kitsap County (existing/new); verify current limit with Community Frameworks.

• Eligible property types include Single-family detached, condo, townhouse, 2-4 unit (with owner-occupancy), manufactured on land.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

Kitsap County Down Payment Assistance names veterans, active-duty service members, reservists and National Guard members, and surviving spouses 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.

Where does it apply?

Kitsap County Down Payment Assistance serves buyers purchasing in Kitsap County, Washington.

• The program targets specific areas: Kitsap County, Washington.

How do you apply?

Applications for Kitsap County Down Payment Assistance go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Community Frameworks HUD-approved homebuyer education or other HUD-approved 8-hour course.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Apply via Community Frameworks; first-come first-served subject to annual Kitsap County HOME allocation, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.