Washington down-payment assistance: compare your options
First home · 3 min READ
Enrique offers eligible buyers up to 5% assistance: 3.5% toward the down payment plus up to 1.5% toward closing costs, using an FHA purchase loan and a separate assistance loan with its own monthly payment. This is not a grant. There is no program income cap; credit approval, property and lender requirements apply. Compare both payments, costs and repayment terms before deciding.
Primary reference: MLG: FHA purchase assistance details ↗
By Enrique Pelayo Jr, AMP, NMLS #131435 · Mortgage Lending Group LLC · Updated: 2026-10-20. Research and drafting assisted by AI. Editorial standards.Leer sobre este tema en español →
Understand both loans before you choose
Enrique offers eligible buyers up to 5% assistance: 3.5% toward the down payment plus up to 1.5% toward closing costs, using an FHA purchase loan and a separate assistance loan with its own monthly payment. This is not a grant. There is no program income cap; credit approval, property and lender requirements apply. Compare both payments, costs and repayment terms before deciding.
Request the written terms for the FHA first mortgage and the separate assistance loan. Check the combined monthly payment, mortgage insurance, fees, cash to close and the savings you will retain. Ask what happens to the assistance balance if you sell, refinance or pay off the first mortgage.
Compare assistance with a purchase without assistance
Use the same home price, loan term and comparison date. A smaller upfront contribution does not automatically produce a lower total cost. Consider the money retained after closing alongside the combined payments and remaining balances.
The absence of a program income cap does not remove income documentation or affordability requirements. Ask Enrique to confirm current lender terms for your household and property.
Prepare for your first conversation
Bring your intended purchase location, approximate budget, available down payment and timeline. Use the secure application portal for sensitive information. Local city assistance may be separately available, with different rules and funding; confirm those terms with its actual provider.
A few common questions
No. It is a separate assistance loan with its own monthly payment. Read both loan agreements and compare the combined cost.
This option has no program income cap. Documented income, credit, property and lender requirements still apply.
Your next decision
Turn this answer into a plan.
What should I prepare before shopping?
Start with a comfortable payment, cash available after closing and the documents your lender needs. Then connect the loan options to the property you are considering.
Read the original sources
Program rules and lender requirements can change. Confirm current terms before acting.
Questions behind your next decision
Owner & Mortgage Broker · NMLS #131435 · Mortgage Lending Group LLC, NMLS #1157983
In mortgages since 2005. English and Spanish.