Snoqualmie Indian Tribe Down Payment Assistance Program

Special Alert

Program detail limited due to lack of online resources and/or contact with program provider. Must be an eligible Snoqualmie tribal member.

Maximum Purchase Price

Inquire for Details

Contact Info:

http://www.snoqualmietribe.us/ P.O. Box 969, Snoqualmie, WA 98065

Limitations

To be eligible for the Down Payment Assistance or Refinance Benefit, you must be an adult enrolled Snoqualmie tribal member. The following are ineligible for the Down Payment Assistance or Refinance benefit: incarcerated tribal members; households that consist of a minor Snoqualmie Indian child and that do not have an adult enrolled tribal member in household. To apply for Down Payment/Refinance Assistance you must: complete a Down Payment Assistance and Refinance Application; provide a preliminary approval letter from the lender. If purchasing a mobile home, you must submit an approval letter of applicant acceptance to mobile home park. The Tribal Member must submit and be listed on the purchase & sale agreement and be listed on an initial estimated cost to close document. The eligible tribal member must be on the first mortgage note and mortgage. If a purchase is being made through a private party a copy of the signed contract between vendor/buyer and seller listing the total sale price and a W-9 for the vendor/seller must be provided. If the purchase is being made through a home loan, wire transfer instructions for the down payment to be issued to an escrow account must be provided. Upon closing, the Tribal Member must submit their final closing costs documents to the Housing Department to confirm home purchase or refinance within 30 days of closing. Failure to do so may result in the Tribe treating the benefit as not used and seeking to recover the Down Payment Assistance or Refinance payment. For new homes being constructed whether through a prefab vendor or through a construction loan, the home must be complete within a year of funding being distributed.

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Accepted First Mortgage Type:

Fannie Mae, FHA 203(b), HUD Section 184 (tribal), VA, USDA / RD

Homeowners Education Class:

Is Forgivable?

Location:

51 States, 7 Cities

Income Limitations:

No

Maximum Assistance

$20,000 Up to $20,000 for down payment assistance. For applicants who previously accessed the Down Payment Assistance or Refinance benefit under Policy V. 1.0 or 2.0; a remaining benefit up to $10,000.00 for a new down payment or refinance can be accessed to be used towards down payment and closing costs on the purchase of an eligible home or refinance of a primary residency.

Education Requirements Info:

Eligible Property Types:

Single Family Detached Manufactured Home Modular Home Mobile Home

Income By Household Size:

Determined by first mortgage product or lender.

Qualifying Ratios:

Determined by first mortgage product or lender.

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