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City of Seattle Foreclosure Prevention Loan Program / Stability Loan Program

HOMESIGHT

Funding Amount

Up to $30,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

City of Seattle Foreclosure Prevention Loan Program / Stability Loan Program

Funder: City of Seattle Office of Housing

Status: Active

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

    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)

    Focus Areas & Funding Uses

    Fields of Work

    housing

    Categories

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