City of Seattle Foreclosure Prevention Loan Program / Stability Loan Program

Geographic Scope: Seattle city limits

Focus Areas: Foreclosure prevention for Seattle homeowners

Eligibility:

• Homeowners within Seattle city limits
• Income-qualified homeowners
• Homeowners with delinquent mortgages, property taxes, and/or HOA dues
• Income restrictions apply based on household size

Program Details:

• HomeSight was awarded $350,000 in new funds to supplement current City of Seattle foreclosure prevention program
• Funded by Seattle Housing Levy
• Provides loan up to $30,000 with payments deferred for 30 years at 2% simple interest
• Helps homeowners become current on delinquent housing-related payments and remain in their home
• Homeowners must be able to resume future payments after receiving this loan

Contact Information:

• Main Office: (206) 723-4355
• Email: info@homesightwa.org
• Washington Homeownership Resource Center: 1-877-894-4663
• Website: http://www.homeownership-wa.org/

How to Apply

1. Contact the Washington Homeownership Resource Center for assistance with your application
   • Toll-free: 1-877-894-4663
   • Website: http://www.homeownership-wa.org/
2. Submit applications via a foreclosure prevention counselor
3. You will need to:
   • Demonstrate delinquency on mortgages, property taxes, and/or HOA dues
   • Provide household income information (subject to income restrictions)