Through the 1st Time Home Buyer Program discussed here, and the Rural Housing Program!
And let us not forget the $8000 Tax Credit given out by the government--which ends April 2010.

We are going to focus on the WA State 1st Time Home Buyer Program.  The House Key program.
Currently there is a waiting list for these funds.  So if this is something you want to pursue, you need to start taking action!

 

So, who is a 1st Time Home Buyer?
Anyone who hasn't owned a home in the last 3 years. 

Who qualifies?

The annual income maximum limit is $65,000 for 1-2 Person household;
and $75,000 limit for household of 3 or more.

Your credit rating must be relatively good.  Your best bet is to talk to a qualified lender to know exactly where you stand.

 

The program sets a maximum price for a Whatcom County home at $300-335,000.

 

 

What do I do next?

To determine in what price range you can begin looking for homes, the first step is to talk to a qualified lender for this State Program.  Here's a couple of them:

            Alona Wrightson | Peoples Bank
            360-676-5880  awrightson@peoplesbank-wa.com

 

            Leena Kirschman | Neighborhood Mortgage
            360-510-2593  leena@neighborhoodmortgage.net

 

Then attend the required class offered to 1st Time Home Buyers.

 

Contact a reputable, savvy, friendly, knowledgeable, REALTOR...hint...hint!

 

And finally...get information.  Be prepared for the journey you are about to take!