WASHINGTON HOMEBUYERS
Down-payment assistance.
A place to start.
Your first home starts with a conversation.
Saving for a down payment can feel like the biggest hurdle. Let’s explore your options—and a monthly payment that leaves room for the rest of your life.
Explore my homebuying optionsNo application needed to talk. English & Spanish.
in down-payment assistance
MAKE ROOM FOR YOUR NEXT CHAPTER
Less cash upfront.
Understand the full payment.
This option combines an FHA purchase mortgage with a separate assistance loan. Assistance can be up to 5% of the lower of the sale price or appraised value, for down payment and/or closing costs. The program lists no maximum income cap; income and credit qualification still apply.
This is a loan, not a grant. The assistance is repaid monthly over 10 years, with an interest rate two percentage points above the first mortgage. Both payments count toward qualification.
Before you rely on it: ask Enrique to confirm current Washington availability and the eligible loan amount. High-balance loans are excluded in Washington. The assistance discussed here is repayable, not forgivable. Eligibility and current availability must be confirmed for your purchase.
START WITH A PAYMENT, NOT A HOUSE
Three steps. A clearer picture.
- 01
Tell us what feels comfortable.
Your payment goal, where you want to buy and the savings you want to keep.
- 02
Compare the complete cost.
See cash to close, both loan payments, mortgage insurance, taxes and insurance.
- 03
Choose your next step.
Get a document checklist and a plan—or more time to prepare. Your pace.
A REAL PERSON IN YOUR CORNER
Hi, I’m Enrique.
Bring your questions.
You don’t need every answer before reaching out. We’ll look at what matters to you, compare the tradeoffs and work toward a comfortable number.
Enrique Pelayo Jr, AMP NMLS #131435 · English & Spanish
Mortgage experience since 2005. AMP is the Mortgage Bankers Association’s Accredited Mortgage Professional education designation.
Meet your mortgage professionalONE SMALL STEP
Where are you
starting from?
Pick what sounds like you. We’ll take it from there.
Let’s check current program availability, your target payment and the steps toward an application.
Prefer to talk now? Ask Enrique or text (206) 861-5626.
A FEW THINGS WORTH KNOWING
Good questions before you begin.
Is down-payment assistance free money?
Not necessarily. The assistance option discussed here is a separate, repayable loan with a monthly payment. Compare the first mortgage and assistance loan together before deciding. Other programs have different terms.
Does assistance cover every upfront cost?
Not automatically. Ask for a written cash-to-close estimate that includes the down payment, closing costs, prepaid expenses and any credits. Also plan for inspections, moving and a cushion after closing.
Do I have to be a first-time buyer?
The assistance option discussed here does not require you to be a first-time buyer. Other programs may use a different definition or require first-time buyer status. Tell Enrique whether you own or have previously owned a home.
What if this option is not right for me?
We can discuss other purchase financing and help you understand the tradeoffs. Our assistance guide also explains options outside MLG’s services; those require an eligible participating lender. We will tell you which services we can provide before you apply.
Will this request pull my credit?
No. This form requests a conversation, not a credit report or a loan application. If you decide to apply, Enrique will explain the next steps and any credit authorization needed.
Mortgage Lending Group LLC · NMLS #1157983 · WA CL-1157983. Enrique Pelayo Jr, AMP · NMLS #131435. Office: 123 2nd Ave S, Suite 230, Edmonds, WA 98020. Equal Housing Opportunity.
Assistance has separate repayment obligations. Other upfront costs may apply. Availability, property eligibility, credit, income, loan limits and underwriting requirements must be confirmed. No rate, savings, approval or funding is guaranteed. Not a commitment to lend. MLG is not affiliated with FHA or a government agency.
More about the assistance
Information updated October 8, 2026. We’ll explain the financing structure, costs and repayment obligations before you decide to apply. Ask Enrique for current eligibility details and a written comparison. Copy prepared with AI assistance; no personal review is asserted.