Owning a home is more than just hype; an affordable home is the gateway to long-term and short-term financial success.
Long-term, you'll build equity you can use in the future and short-term, you'll be able to enjoy potential tax deductions and pay yourself instead of paying rent. Plus, WaFd Bank is a Portfolio Lender, which means that we're here with you for the life of your loan.
Ready for a Smart Start? Meet with a WaFd Mortgage Banker to find out how we can help you get into your first home.
- Only 3% down payment required
- Smart Start Boost available for down payment assistance*
- No private mortgage insurance (PMI) required*
Use Smart Start Boost funds toward your down payment, closing costs, or to buy down your interest rate to lower your monthly payments.
Program/Eligibility Information:
- Credit score 640 and above
- Household income limits apply
- Must be used for purchase of primary residence
- Smart Start Boost down payment assistance is a secured second lien.
- Gift funds, seller contributions and down payment assistant program funds allowed
All loans subject to credit approval, additional terms and conditions may apply.
*Smart Start Boost is only available with the Smart Start Mortgage. Minimum down payment for the Smart Start Mortgage is 3% of the purchase price. Smart Start Boost funds may be used to reduce the 3% down payment to 1% of the purchase price, reduce your closing costs or to buy down your interest rate. Restrictions apply. Ask your loan officer for additional details and qualifications.
Understanding the Smart Start Boost - WaFd Bank's Home Loan Down Payment Assistant Program
Learn how our Smart Start Down Payment Assistance Program works for low-to-moderate income individuals and/or families.
Read ArticleGlossary
Awarded America's Best Big Bank - Three Years in a Row
Best Big Bank in Washington, Idaho, New Mexico
Awarded America's Best-in-State Bank
Best-in-State Bank in Washington, Idaho, Oregon, Nevada
Awarded America's Best Big Bank - Three Years in a Row
Best Big Bank in Washington, Idaho, New Mexico
Awarded America's Best-in-State Bank
Best-in-State Bank in Washington, Idaho, Oregon, Nevada