Opportunity DPA & House Key: $15,000 for Washington Buyers
The Opportunity DPA gives up to $15,000 to buyers using WSHFC's House Key Opportunity first mortgage, a bond program with tighter limits but strong terms. Here is who it fits and how it compares to Home Advantage.
What the Opportunity DPA is
The Opportunity DPA pairs with WSHFC’s House Key Opportunity first mortgage, a mortgage-revenue-bond program. It gives up to $15,000 toward the down payment and closing costs as a deferred second. Because House Key Opportunity is a bond program, it carries tighter income and purchase-price limits than Home Advantage, but for buyers who fit, the $15,000 and the program’s terms can be a strong combination. We check whether Home Advantage or House Key Opportunity is the better base for you.
Opportunity vs. Home Advantage
The two paths suit different buyers. Home Advantage is more flexible, higher income limits, and its DPA is a percentage (up to 4%–5%) plus a $10,000 needs-based option. House Key Opportunity has tighter limits but pairs with the flat $15,000 Opportunity DPA. For a lower-income buyer whose numbers fit the bond limits, Opportunity’s $15,000 can beat the percentage option. We run both and tell you which leaves you in the better spot.
Who qualifies for Opportunity
You need a 620 credit score, income and a purchase price under the House Key Opportunity bond limits (which vary by county and are tighter than Home Advantage), and a home you will live in. Homebuyer education is required. Because bond limits change and vary by area, we confirm your county’s current figures with WSHFC. Not sure which program fits? Our program-picker guide walks through it.
Common questions
What is the Opportunity DPA in Washington?
The Opportunity DPA gives up to $15,000 toward down payment and closing costs for buyers using WSHFC's House Key Opportunity first mortgage, a bond program. It is a deferred second, no payment until you sell, transfer, move out, refinance, or pay off the first mortgage, and requires a 620 minimum credit score.
What is the difference between House Key Opportunity and Home Advantage?
House Key Opportunity is a mortgage-revenue-bond program with tighter income and price limits, paired with the flat $15,000 Opportunity DPA. Home Advantage is more flexible, with higher income limits and a percentage DPA (up to 4%–5%) plus a $10,000 needs-based option. We compare both for your numbers.
Who qualifies for the Opportunity DPA?
Buyers using the House Key Opportunity first mortgage, with a 620 minimum credit score and income and purchase price under the bond limits (which vary by county and are tighter than Home Advantage). Confirm the current limits with WSHFC.
See if Opportunity fits you
Tell us your county, credit range, and price target, and we’ll map your Washington path in a no-pressure 20-minute call. No obligation.