New Down Payment Assistance Program for up to 20% Down?!

Living In The Greater Seattle, WA Area with Aaron Morrow Podcast

Unlock the secrets to overcoming historical housing discrimination with our special guest, Brian LaFlame, as we introduce the groundbreaking Covenant Homeownership Program. Launched recently in Washington State, this initiative targets marginalized communities, offering up to 20% down payment assistance and 0% interest second mortgages to cover closing costs. You'll learn how this program, funded by a $100 document recording fee, aims to rectify decades-old injustices and make homeownership a reality for many who have long been shut out of the market.
Wondering how to boost your buying power and slash your mortgage payments? The Covenant Home Loan Program could be your answer. We break down how providing a 20% down payment can eliminate the need for mortgage insurance, leading to lower monthly payments and higher pre-approval amounts. Compare this to other assistance programs in Washington and discover how being below 80% of the area median income can save you even more money. This chapter is your ultimate guide to navigating the complexities of homeownership in today's market.
Wrapping up our insightful discussion, we explore the historical and current trends shaping the real estate landscape. We tackle the lingering impact of redlining, the role of the Federal Housing Authority and HUD, and debunk the myth that you need a 20% down payment to buy a home. Plus, we shed light on today's market dynamics, showing sustained demand and rising prices despite high interest rates. As always, we finish on a lighter note, sharing casual banter, upcoming plans, and a special birthday shout-out to Aaron Marlowe the Fifth. Tune in for an episode packed with valuable insights and a touch of humor!
👋 Considering a move to Seattle, Washington or its dynamic suburbs like Tacoma, WA & Bellevue, WA? Dive deep into what living in Seattle and its neighboring areas truly feels like.
Explore through neighborhood vlog tours, and city pros and cons videos, and get unmatched insights into relocating to the Greater Seattle area! Transition confidently with guidance from a native Realtor® who's eager to help you settle in your perfect home! 🔑
Whether you are moving in 9 days or 9 months, give us a call ☎, shoot us a text 📝, or send us an email 📨 so we can help you make a smooth move to the greater Seattle, WA area!
Aaron Morrow Realtor Serving (King, Peirce, & Snohomish counties)
📱Call or Text: 206-451-3771
📨Email: [e-mail]
📅Schedule a Zoom Call So We Can Meet "In-Person"
https://calendly.com/aaronmorrow/1-on-1-zoom-meeting
*PLEASE reach out if you would like to learn more about this AMAZING Washington State 20% Down Payment Assistance program opportunity to see if you would qualify!*

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Chapters

1. New Down Payment Assistance Program for up to 20% Down?! (00:00:00)

2. New Washington State Down Payment Program (00:00:17)

3. Washington State Home Loan Program (00:08:29)

4. Breaking Down Housing Assistance Programs (00:16:33)

5. Changing Real Estate Market Dynamics (00:23:01)

6. Casual Coffee Chat and Birthday Wishes (00:31:31)