Rural Kitsap Down Payment Assistance

What is Rural Kitsap Down Payment Assistance?

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

• Rural Kitsap down payment assistance program — funded by Kitsap County rural housing dollars and administered by Community Frameworks for first-time homebuyers purchasing in USDA-designated rural areas of Kitsap County.
• Deferred 0% second mortgage of typically $5,000-$40,000 for income-qualified first-time homebuyers purchasing a primary residence within USDA-designated rural areas of Kitsap County. Maximum purchase price $494,000. Funded by Kitsap County rural housing dollars and HOME / USDA-compatible funding, administered by Community Frameworks. No monthly payment.
• principal due on sale, refinance, or when no longer primary residence.
• Funding comes from Federal, HUD, HOME, USDA, Local, and County.

Do you have to pay it back?

Rural Kitsap 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?

Rural Kitsap 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?

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

• Household income $83,800 (1 person) to $119,700 (larger household) per program limits for rural Kitsap County.
• 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?

Rural Kitsap Down Payment Assistance caps the purchase price at $494,000.

• Eligible property types include Single-family detached, condo, townhouse, manufactured on land in rural Kitsap.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

Rural Kitsap 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?

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

• The program targets specific areas: USDA-designated rural areas of Kitsap County.

How do you apply?

Applications for Rural Kitsap 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.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Apply via Community Frameworks; first-come first-served subject to annual rural Kitsap 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.