Current down payment assistance guidelines, updated from one source.
The current program figures below are hydrated from Lendmire’s down payment assistance standards source at each visit, so the options shown for Marysville, WA are the options in force.
Of the purchase price
Up to this share of the price can come from assistance: the largest option reaches closing costs as well as the down payment, while the smaller options cover the 3.5% FHA minimum.
Covers the whole FHA down payment
This covers the full 3.5% FHA minimum down payment as a second lien with no payment and no interest, forgiven once you have made 36 on-time payments on the first mortgage.
On every option offered here
No income limit on any option offered in Washington — one of the biggest advantages of this program. Earn what you earn; the assistance is sized on the price, not on your income.
Credit score to start
This is the lowest score that opens an option here — the forgivable second liens; the repayable options start a little higher, so a stronger score opens more choices.
| Option | Assistance | What you repay | Credit · mortgage · units |
|---|---|---|---|
| Forgivable second lien — three-year | 3.5% of the price | Nothing after 36 on-time mortgage payments | 640+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Forgivable second lien — five-year | 3.5% of the price | Nothing after 60 on-time mortgage payments | 640+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Repayable second lien — thirty-year amortization, ten-year balloon | 3.5% or 5% of the price | Second lien, 30-year amortization, balloon in year 10 | 660+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Closing-cost repayable second lien | 3.5% or 5% of the price | Second lien, 30-year amortization, balloon in year 10 | 660+ · FHA 203(b) · 1–2 units |
| Refinance-cost second lien (repayable) | 1% to 3.5% of the balance | Second lien, repaid | 660+ · FHA 203(b) · 1–4 units |
Current down payment assistance snapshot · updated September 7, 2026 · five options offered in Washington · no option requires a first-time buyer · no option combines with another assistance program · owner-occupied primary residences only.
The figures on this page are program parameters, not offers: assistance percentages, credit floors, unit limits, and forgiveness periods vary by option and by state, and every file is underwritten individually. The calculator estimates an FHA payment at an editable benchmark rate that is not a quote; no fee or lender is stated or implied. Lendmire brokers these loans through its wholesale network in sixteen licensed states, is never the lender, and is not affiliated with FHA, USDA, HUD, or the federal government.
What down payment assistance is — and how the options differ.
The first-time home buyer programs work the same way in Marysville, WA as anywhere in the footprint: a government first lien, an assistance option sized as a percentage of the price, and a set of rules about credit, units, and eligibility that decide which option fits.
For the program overview, see Lendmire’s down payment assistance program, or the statewide guide at Down Payment Assistance in Washington.
Assistance covers the FHA down payment
An FHA purchase asks for a minimum investment from the buyer; the assistance covers it, measured as a percentage of the lesser of price or value, and the largest option carries a further share for closing costs and prepaids.
Four shapes: grant, forgivable, repayable, refinance
For a Marysville buyer the choice is about cost to carry. The forgivable options cost nothing if the first lien stays current through the forgiveness period; the repayable option is a second loan with its own disclosure and a balloon that reaches closing costs.
Credit floors, mortgage programs, and unit counts
Two-borrower files can qualify on a blended score on the second-lien options when the higher earner has the higher score and an automated approval is in hand; every borrower still needs a score of their own.
Eligibility without a first-time-buyer rule
No option requires a first-time buyer, and no option carries an income limit beyond the first lien’s own rules; a Marysville buyer who has owned before qualifies on credit, first lien, and property alone.
The assistance is measured on the price, so the calculator starts there. It then applies the option you choose, your own cash, and an editable benchmark rate to show the loan, the mortgage insurance, and the payment.
Where Marysville’s first-time and moderate-income buyers shop — and how the assistance fits.
The share of Marysville, WA households that rent, the median home value, and the median household income together sketch the gap the assistance closes for a first purchase.
Market context only. A large renter share signals demand for the program; a moderate median value signals that the minimum investment is within the assistance’s reach; the two together describe where the program closes most files.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including tenure, home values, gross rents, and household income.
Distinct Marysville submarkets, distinct property rules.
The small-city market around Marysville splits into distinct pockets; a lender underwrites the home in front of it, but the pocket sets the expectations.
New construction
For Marysville buyers under contract with a builder, the assistance is arranged with the first lien so the closing date holds. On a home at Marysville’s median value, the FHA minimum investment comes to about $19,900 — the figure the assistance is built to cover.
Manufactured homes on owned land
For Marysville buyers choosing manufactured housing, the assistance is available on owned land, with the option set by the home’s width. The median owner-occupied home value in Marysville runs near $567,900 on the latest Census estimate.
USDA-eligible areas
Much of the area around Marysville is USDA-eligible, which pairs a no-down-payment first lien with the second-lien assistance options; the assistance then covers closing costs and prepaids. Marysville counts a population near 73K.
Two-to-four-unit homes, owner-occupied
In Marysville, owner-occupied small multi-unit buildings qualify for assistance when the buyer lives in one unit; the unit count decides which option applies. Median household income in Marysville sits near $103,974 on the latest Census estimate.
Established neighborhoods
Buyers in Marysville’s core neighborhoods use the assistance to close the gap between qualifying for the payment and having the cash to close. Median gross rent in Marysville is about $1,997 a month — the payment many renters already carry.
Homes that need work
Renovation purchases in Marysville qualify for the assistance on the price before repairs, which keeps older homes within reach. About 31% of Marysville’s households rent — roughly 7,954 renter households, the pool the program exists for.
Read the submarkets as orientation. The file’s figures come from the first lien, the option, and the program’s rules.
Four ways Marysville buyers put down payment assistance to work.
The same assistance serves several purposes in Marysville, WA; four of the most common are below.
Buy a home that needs work with a renovation mortgage
For an older Marysville home, the renovation first lien and the assistance fit together, with the assistance measured on the price rather than the repaired value.
Cover the costs of an FHA refinance
A Marysville homeowner refinancing an existing FHA loan can use the refinance-cost option, a repayable second lien sized on the balance, to cover closing costs and keep the first lien inside FHA limits.
Pair the assistance with a USDA or HUD-184 mortgage
Where the first lien is USDA or HUD-184, the second-lien assistance options carry the file in Marysville, forgivable or repayable by the buyer’s choice and credit.
Buy a first home with the down payment covered
A Marysville buyer with the income for the payment but not the cash to close uses the assistance to cover the FHA minimum investment, some forgiven in as little as three years, and keeps savings for the move.
Size the assistance on a Marysville price before requesting a quote.
The calculator does what a loan officer’s first pass does for a Marysville file — sizes the minimum investment, applies the option, builds the FHA loan with mortgage insurance, and estimates the payment — using the current program figures and an editable benchmark rate.
Marysville FHA payment with assistance
Seeded with Marysville’s median home value; every field is editable, and the estimate updates as you change the price, the option, your cash, or the rate.
Editable benchmark: 6.71% as of September 3, 2026 · Freddie Mac 30-year average via FRED®. A conventional market reference, not an FHA loan quote.
Illustrative starting assumptions: a $570,000 price near Marysville’s median owner-occupied home value (kept where an FHA first lien is realistic), the strongest assistance option offered in Washington applied against the FHA minimum investment, a thirty-year term at the current Freddie Mac benchmark, property taxes and insurance estimated for Washington (U.S. Census Bureau). Every field is editable.
Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. The rate field carries the weekly Freddie Mac thirty-year conventional benchmark, a market reference and not an FHA loan quote; your rate is set by the lender at lock. FHA mortgage insurance follows HUD’s published schedule for the term, leverage and loan size entered; taxes, insurance and dues are editable estimates; closing costs are not included; a repayable second lien adds its own payment, which is not shown here. Consumer mortgage lending licensed in sixteen states. Lendmire is not affiliated with or acting on behalf of FHA, USDA, HUD, or the federal government.
Same buyer, four very different closings.
Same Marysville buyer, four closings: assistance on an FHA loan, the buyer’s own minimum investment, assistance on a USDA or HUD-184 loan, or a gift from family.
Assistance on a government loan, saving the minimum, or a gift.
Assistance paired with the first lien at closing: the minimum investment covered, the shape chosen by credit, first lien, and eligibility category, and the second-lien options open to repeat buyers with no income limit.
For a Marysville, WA buyer with the cash in hand, the plain FHA purchase is the cleaner file; the assistance exists for the buyer who does not have it yet. For the first lien itself, see Lendmire’s FHA loan program.
Where the property is USDA-eligible or the buyer qualifies for HUD-184, the second-lien options carry the Marysville file, and the closing costs are what the assistance covers. For the USDA first lien, see the USDA loan program.
If the payment fits but the cash to close does not, down payment assistance is the structure; if the cash is there, the plain purchase; if the property is USDA-eligible, the USDA first lien with assistance for costs.
What to prepare for a Marysville scenario review.
The documents a lender reads first on an assistance file.
This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the mortgage, the assistance option, the property, and the eligibility category. Nothing here is legal or tax advice.
Local details that can change the loan.
Beyond the credit tier and the first lien, a handful of details decide which option a Marysville buyer can use — or whether the assistance attaches at all.
Use these checks to keep the Marysville file clean and fundable.
Settle the option, the first lien, the property’s eligibility, and the category before the appraisal is ordered; a Marysville file that clears these reads cleanly.
- Know the option: read the second lien as the loan it is.
- Understand the clock: expect no resubordination and no additional liens.
- Match the first lien: expect the repayable options only on a high-balance first lien.
The option decides what you owe afterward
A forgivable second lien costs nothing if the first lien stays current through the forgiveness period; a repayable second lien is a loan with a balloon that reaches closing costs. A Marysville buyer chooses by cost to carry first and by amount second.
The forgiveness clock on the forgivable options
The clock starts at closing and runs with the first lien’s payments; a Marysville buyer who plans to sell or refinance inside the period should expect the second lien to be paid at that point, since it is not resubordinated.
The mortgage and the county loan limit
In Marysville, WA, the first-lien program is chosen with the property: USDA where the address is eligible, HUD-184 where the buyer qualifies, FHA everywhere. The county loan limit then decides whether a larger first lien can still carry an assistance option.
The balloon on the repayable option
The repayable second lien amortizes over thirty years but comes due in the tenth year; it carries interest and a monthly payment, its own loan number, and a balloon disclosure. It is the option that reaches closing costs, and it is a loan.
Escrow holdbacks for minor repairs
A Marysville home with a small repair list does not have to wait for the work before closing; the escrow holdback carries it, within the program’s cap and timeline, with an inspection when the work is done.
From a Marysville pre-approval to keys with the assistance in place.
The path from a Marysville pre-approval to keys with the assistance in place runs through the option first and the paperwork second.
Pick the option
The first step is the option: which ones the credit opens, which the first lien allows, and which costs the least to carry for a Marysville, WA buyer — settled before anything is ordered.
Get the mortgage approved
Lendmire packages the Marysville file for the first lien first, because the assistance follows its approval; the option’s floor and the first lien’s rules both have to clear.
Clear the property
The property side of a Marysville, WA file is where the option can change: unit count, project approval, and the loan limit are confirmed before the closing is scheduled.
Close both loans together
The Marysville closing carries both instruments: the first lien and the assistance, each documented on its own and closed together, with the education certificate in the file where it applies.
A brokerage that pairs the assistance to the loan.
Lendmire built its consumer practice around the buyers these programs exist for, which is why the options, the categories, and the property rules are familiar ground rather than surprises.
The option, matched to the buyer
A Marysville scenario is placed on the right option first — the credit tier, the first lien, and the category — and the rest of the file is then built to fit it, before anything is ordered.
The mortgage, matched to the property
USDA where the address is eligible, HUD-184 where the buyer qualifies, FHA everywhere; the Marysville, WA first lien is the foundation the assistance stands on.
The right wholesale program
A Marysville file is matched to the wholesale program whose option fits the buyer, and Lendmire manages the first lien and the assistance together through closing.
Trusted by first-time buyers & families alike.
Marysville down payment assistance FAQs
Straight answers for Marysville buyers weighing down payment assistance; the mortgage approval and the option’s rules decide every actual figure.
Do I have to be a first-time homebuyer?
No. None of the options requires a first-time buyer; a Marysville buyer who has owned before qualifies on credit, first lien, and property alone.
Is there an income limit?
There is no income limit on the forgivable or repayable options; the first lien’s rules are the only income test a Marysville buyer meets.
What first-time home buyer programs are available in Marysville?
Assistance measured as a percentage of the price, in shapes that differ by what you owe afterward: nothing if the first lien stays current, or a second loan with a balloon. Credit, the first lien, and the property decide which fits.
Do I have to pay the assistance back?
For a Marysville buyer, a forgivable second lien — it costs nothing to carry as long as the first lien stays current through the period; the options table on this page shows what each option costs to carry.
What credit score do I need?
A Marysville buyer’s credit tier decides which options are open — the options table on this page shows the floor for every option offered in Washington.
Which mortgages can the assistance be used with?
FHA on every option, including the repair-escrow and renovation programs; USDA and HUD-184 on the forgivable and repayable second liens. Conventional first liens are outside the program.
Can the assistance cover closing costs too?
Closing-cost coverage lives on the repayable second lien; on a USDA first lien, which needs no down payment, the second-lien options cover closing costs and prepaids instead.
Do I need a homebuyer education course?
No option offered in Washington requires it, though the course covers the budget, the closing, and the responsibilities that come with the first lien and is worth an evening.
How does a forgivable second lien work — the small second loan behind the mortgage?
It is recorded as a second lien with no interest and no monthly payment, and it is released after the on-time payment period on the first lien — three years on one option, five on the other — as long as there is no serious delinquency in that window and the home stays the primary residence.
Can I combine this with another assistance program?
The options do not stack with each other or with local, state, or employer programs; a Marysville buyer eligible for more than one chooses the one that fits best.
Talk through a Marysville assistance file before the contract is signed.
Share the property, the price, and a little about your situation; a Lendmire loan officer names the option that fits and follows up.
This guide covers Marysville — for the statewide options, categories, and property rules, see Down Payment Assistance in Washington, part of Lendmire’s down payment assistance program.
Also in Washington: Ocean Shores · Bellingham · Kirkland · Olympia · FHA Loans · USDA Loans