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A Second Mortgage for the Down Payment — Terms Not Established

The Washington State Housing Finance Commission offers a veterans downpayment assistance loan, paired with a Commission first mortgage. It is a SECOND MORTGAGE rather than a grant, which means it is borrowed money secured on the house. WE COULD NOT ESTABLISH the amount, the rate or the terms from the sources reviewed. Secondary sources indicate up to $10,000, AND WE HAVE NOT TREATED THAT AS VERIFIED. Get the current terms from the Commission or a participating lender before counting on it.

Verified August 27, 2026

What this benefit is

The Washington State Housing Finance Commission offers a veterans downpayment assistance loan, paired with a Commission first mortgage. It is a SECOND MORTGAGE rather than a grant, which means it is borrowed money secured on the house. WE COULD NOT ESTABLISH the amount, the rate or the terms from the sources reviewed. Secondary sources indicate up to $10,000, AND WE HAVE NOT TREATED THAT AS VERIFIED. Get the current terms from the Commission or a participating lender before counting on it.

What it's worth: A downpayment assistance second mortgage, paired with a Commission first mortgage

  • It is a DOWNPAYMENT ASSISTANCE LOAN paired with a Commission FIRST MORTGAGE.
  • IT IS A SECOND MORTGAGE, NOT A GRANT — borrowed money secured on the house.
  • THE AMOUNT, RATE AND TERMS ARE NOT ESTABLISHED from the sources reviewed.
  • Secondary sources indicate UP TO $10,000. WE HAVE NOT TREATED THAT AS VERIFIED and neither should you.
  • DETAILED ELIGIBILITY IS NOT ESTABLISHED either.
  • Administered by the Washington State Housing Finance Commission.
  • Get the current terms from the Commission or a participating lender before relying on any figure.

Who is entitled to it

  • You are in one of the groups this reaches.
  • Your discharge meets the usual test.
  • Washington home purchase.

Not sure whether that describes you?

Answer a few questions about this benefit specifically — we only ask what this one actually depends on, and we stop as soon as we know.

How to claim it

  1. 1Contact the Washington State Housing Finance Commission or a participating lender for the current terms.
  2. 2Ask specifically: how much, at what rate, repayable when. It is a second mortgage and those answers matter.
  3. 3Do not plan on $10,000; that figure comes from secondary sources we have not been able to verify.
  4. 4Ask how it pairs with a VA loan, and whether taking the Commission first mortgage is required.
  5. 5Compare the whole package against an ordinary VA loan with no down payment.
Form
Application through a WSHFC participating lender
File with
A WSHFC participating lender
Documents you will need
dd214
No renewal
Once granted it does not need renewing.
Known gapA widely repeated $10,000 figure appears in secondary sources. We have not verified it and have deliberately not stated it as the amount. On a second mortgage, publishing an unverified figure would be worse than publishing none.

Sources

This finder provides an informational match, not a government eligibility determination. The responsible agency decides your application.