Many Clark County home buyers don't realize that Washington State Housing Finance Commission (WSHFC) bond programs aren't exclusively for first-time purchasers. Repeat buyers in Vancouver, Camas, Battle Ground, Ridgefield, Washougal, and throughout Clark County may qualify for down payment assistance and below-market interest rates.

Repeat Buyer Eligibility Requirements

The WSHFC offers pathways for non-first time home buyers purchasing in Vancouver, Salmon Creek, Felida, Hazel Dell, Orchards, La Center, and other Clark County communities:

Targeted Area Exception: If you're purchasing in a federally designated targeted area within Clark County, the first-time buyer requirement is waived. These areas change periodically, so checking current eligibility for your desired Vancouver or Battle Ground neighborhood is essential.

Home Advantage Program: While House Key (the program offering up to $30,000 in down payment assistance) typically requires first-time buyer status, the Home Advantage program focuses on providing below-market interest rates without down payment grants. Repeat buyers who don't need assistance but want reduced monthly mortgage payments on their Camas or Ridgefield home can benefit from Home Advantage's competitive rates on conventional, FHA, VA, or USDA loans.

Three-Year Rule: WSHFC defines "first-time buyer" as someone who hasn't owned a primary residence in the past three years. If you sold your previous home over three years ago and are purchasing again in Vancouver, Battle Ground, Washougal, or anywhere in Clark County, you may qualify for full House Key benefits including the 0% interest second mortgage for down payment assistance.

Income and Purchase Price Limits Still Apply

Whether first-time or repeat buyer, Clark County purchasers must meet WSHFC income limits based on household size and stay within purchase price thresholds. Current limits are available at www.wshfc.org.

Marcia Gonzales at Evergreen Home Loans (503-754-6902) specializes in determining repeat buyer eligibility for Washington State bond programs throughout Vancouver, Camas, Battle Ground, Ridgefield, and all Clark County markets. Her expertise ensures you don't miss out on down payment assistance or below-market financing simply because you've owned before.

Don't assume you're ineligible—let's explore your options for your next Clark County home purchase.

Real Estate Rob
Designated Broker, Kinected Realty LLC
Phone: 360-787-3675
Email: rob@realestaterob.house
Web: www.realestaterob.house

Bond Program Lending Expert:
Marcia Gonzales, First Time Home Buyer Queen
Evergreen Home Loans
Phone: 503-754-6902

 

For complete Washington State bond program eligibility requirements, visit www.wshfc.org