Working together to make your dream of homeownership come true!

 

Program Overview

In order to ensure a smooth home buying experience, our professional staff will counsel you through the entire home buying and lending process.

The Homeownership Center of Tacoma’s programs have many unique features to assist you in achieving your dream of homeownership.

 

FIRST-TIME HOMEBUYER EDUCATION

Home buyer education classes answer your questions about credit reports, family budgeting, mortgage lender requirements, home repair and maintenance.

 

$1,000 DOWN PAYMENT

All HCT programs require a down payment of only $1,000. The remaining closing costs (except for the first year's homeowners insurance) are funded by a forgivable loan.

 

WE HELP YOU OBTAIN A FIRST MORTGAGE LOAN

If you do not already have a relationship with a lender, HCT counselors will help you qualify for a first mortgage loan with one of our participating local banks. All first mortgage loans obtained from any of our lenders are standard 30-year fixed interest rate loans. Using a traditional fixed rate loan product provides peace of mind that a future interest rate adjustment will not put your home at risk.

 

SPECIAL GAP FINANCING

You can increase your purchasing power with NO INTEREST, NO MONTHLY PAYMENT additional loan financing available through the Homeownership Center that makes up the difference between the purchase price of the home and the amount you can finance from the first mortgage lender.