Current down payment assistance guidelines, updated from one source.
The snapshot below is not typed onto this page — it is pulled from one down payment assistance guideline source and refreshed when that source changes, so Silverdale, WA always shows the options in force.
Of the purchase price
The largest option is a repayable second lien that covers your down payment and can reach closing costs and prepaids too; the smaller options cover the 3.5% FHA minimum down payment.
Covers the whole FHA down payment
The FHA minimum down payment is 3.5%, and this option covers all of it with no interest and no monthly payment; it is forgiven after 36 or 60 on-time payments on your first mortgage.
On every option offered here
Every option offered in Washington is open regardless of income, so there is no ceiling to stay under; the file is placed on the price, the credit score, and the home.
Credit score to start
The score that opens the forgivable options; the repayable options start a step higher. Two-borrower files may use a blended score on the second-lien options.
| 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.
Nothing on this page is a Loan Estimate, an approval, a quote, or a commitment to lend. Down payment assistance eligibility, amounts, and terms depend on the first-lien program, the option, the property, the buyer’s credit and category, and full underwriting through select wholesale lenders licensed in sixteen states; the calculator’s rate is an editable benchmark and its payment an estimate. Lendmire is a mortgage broker and is never the lender, and is not affiliated with or acting on behalf of FHA, VA, USDA, HUD, or the federal government. Lendmire, LLC — NMLS #2371349. Equal Housing Opportunity.
What down payment assistance is — and how the options differ.
First-time home buyer programs are not one program; they are a family of down payment assistance options paired with a government-backed first lien, and the right one for a Silverdale, WA buyer depends on credit, the first lien, the property, and whether the help needs to reach closing costs.
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
In Silverdale, WA, the assistance attaches to the first lien at closing and covers the buyer’s required investment; on the larger option, what remains after the minimum investment goes toward closing costs.
Three shapes: forgivable, repayable, refinance
For a Silverdale 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, and it reaches closing costs.
Credit floors, mortgage programs, and unit counts
A Silverdale file is placed by three things — the credit tier, the first-lien program, and the property — and the options table on this page shows the floor, the first liens, and the unit limit for every option offered in Washington.
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 Silverdale 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 Silverdale’s first-time and moderate-income buyers shop — and how the assistance fits.
Market data for Silverdale, WA frame the question every assistance file answers: at this price, how large is the minimum investment, and which option covers it?
These are context figures, not underwriting inputs. Value and income rarely move at the same pace; the market figures below show what a Silverdale home costs and how many households rent, and the calculator shows what that means for the minimum investment.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including tenure, home values, gross rents, and household income.
Distinct Silverdale submarkets, distinct property rules.
Across Silverdale’s condominiums, townhomes, and older neighborhoods close to work, the same program produces different closings because prices, property types, and first liens differ block by block.
Older neighborhoods and renovation loans
Renovation purchases in Silverdale qualify for the assistance on the price before repairs, which lets a buyer take on a home that needs work without also finding the minimum investment. The median owner-occupied home value in Silverdale runs near $555,300 on the latest Census estimate.
New construction and infill
Infill and new-build homes in Silverdale pair with the assistance as long as the property is the buyer’s primary residence and the first lien is a government program. Silverdale itself counts a population near 21K; it sits within the Bremerton-Silverdale-Port Orchard, WA area.
Manufactured homes on owned land
For Silverdale buyers looking at manufactured housing, the assistance is available on owned land, with single-width homes reaching only the option that accepts them. On a home at Silverdale’s median value, the FHA minimum investment comes to about $19,400 — the figure the assistance is built to cover.
Townhomes and attached homes
In Silverdale, a townhome in a planned development pairs cleanly with the program; the association’s rules and dues are read alongside the first lien, and the assistance covers the down payment. Median gross rent in Silverdale is about $2,143 a month — the payment many renters already carry.
Condominiums close to work
Buyers in Silverdale’s condominium buildings use the program to bridge the down payment, with the building’s approval status settled early so the closing is not held up. About 48% of Silverdale’s households rent — roughly 4,115 renter households, the pool the program exists for.
Small multi-unit homes, owner-occupied
In Silverdale, owner-occupied small multi-unit buildings qualify for assistance when the buyer lives in one of the units, up to two units on a purchase; the unit count decides which option applies. Median household income in Silverdale sits near $105,483 on the latest Census estimate.
Market context only. The option for a Silverdale file comes from the credit tier, the first lien, the property, and the eligibility category, never from the submarket.
Four ways Silverdale buyers put down payment assistance to work.
From a first home to an FHA refinance, down payment assistance in Silverdale, WA solves a specific set of problems, and the cards below take up the ones that come up most.
Cover the costs of an FHA refinance
The refinance-cost option in Silverdale, WA is for an existing FHA loan, not a streamline, and not a loan that already carries assistance; it is sized on the lesser of balance or value.
Cover closing costs too on the larger option
A Silverdale buyer who needs more than the minimum investment uses the repayable option that covers down payment, closing costs, and prepaid items, including costs paid outside closing.
Buy a first home with the down payment covered
For a first purchase in Silverdale, the assistance closes the down payment gap; the option is chosen by credit and first lien, and the rest of the file is an ordinary FHA purchase.
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 Silverdale, forgivable or repayable by the buyer’s choice and credit profile.
Size the assistance on a Silverdale price before requesting a quote.
Enter a Silverdale purchase price, choose an assistance option offered in Washington, and add any cash of your own. The calculator sizes the FHA minimum investment, applies the assistance to the down payment and closing costs, builds the FHA loan with its upfront and monthly mortgage insurance, and estimates the payment at an editable market benchmark rate — with housing and total ratios when you enter income.
Silverdale FHA payment with assistance
Seeded from Silverdale’s home values; every field is editable, and the estimate updates as you change the price, the option, your cash, or the rate.
Editable benchmark: 7.28% as of October 1, 2026 · Freddie Mac 30-year average via FRED®. A conventional market reference, not an FHA loan quote.
Illustrative starting assumptions: a $555,000 price near Silverdale’s median owner-occupied home value, 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, three very different closings.
A Silverdale, WA buyer can reach the closing table several ways; the difference is where the minimum investment comes from and what it costs to carry afterward.
Assistance on an FHA loan, your own down payment, or assistance on a USDA or HUD-184 loan.
The structure for a Silverdale buyer who qualifies for the payment but not the cash to close — the help is sized on the price and the option decides what, if anything, is owed afterward.
Paying the minimum investment yourself keeps the closing simplest — no second lien, no category, no course; the trade is the months or years of saving that the assistance replaces. For the first lien itself, see Lendmire’s FHA loan program.
On a USDA or HUD-184 first lien in Silverdale, WA the assistance is forgivable or the ten-year repayable kind; the separate closing-cost option is FHA only. 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 Silverdale 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 Silverdale buyer can use — or whether the assistance attaches at all.
Use these checks to keep the Silverdale file clean and fundable.
A clean Silverdale file starts with the option chosen, the first lien matched to the property, and the homebuyer education course completed where it is required.
- Know the option: confirm the option is offered in the state.
- Understand the clock: plan a sale or refinance around the release date.
- Plan for the balloon: treat the tenth-year balloon as a planning date.
The option decides what you owe afterward
The same minimum investment can be covered two ways in Silverdale, WA, and the difference is entirely in what happens after closing: nothing if the first lien stays current, or a second loan that comes due; the options table shows what is offered.
The forgiveness clock on the forgivable options
The clock starts at closing and runs with the first lien’s payments; a Silverdale 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 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 Silverdale 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.
No stacking with other assistance
The rule is one assistance program per file; a Silverdale, WA buyer comparing programs compares them whole, not in combination, and chooses the one that costs least to carry and reaches furthest.
From a Silverdale pre-approval to keys with the assistance in place.
The process for a Silverdale, WA purchase with assistance is deliberate, because the details around the assistance are what stall closings.
Pick the option
Every Silverdale file starts with the option and the first lien; the homebuyer education course and the property rules are then settled around them, in that order.
Get the mortgage approved
The first lien’s approval carries the file; the assistance is arranged alongside it, with the eligibility category and the education certificate in hand where they apply.
Clear the property
Property review runs in parallel with the first lien; the Silverdale home is checked against the option’s rules and the first lien’s, from the unit count to the association package.
Close both loans together
The Silverdale 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.
An assistance file rewards preparation, and preparation is what a brokerage built for first-time and moderate-income buyers provides.
The option, matched to the buyer
A Silverdale 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
A Silverdale file is matched to the first-lien program that carries the property — FHA everywhere, USDA or HUD-184 where they fit — and the assistance option follows that choice.
The right wholesale program
Assistance programs differ across wholesale lenders in what they offer and where; Lendmire places a Silverdale, WA file where its credit, its first lien, and its property read best, subject to lender program eligibility.
Trusted by first-time buyers & families alike.
Silverdale down payment assistance FAQs
Plain answers to the questions Silverdale buyers ask most about down payment assistance, before you request a review. Every file is underwritten individually; nothing here is a commitment.
Do I have to be a first-time homebuyer?
No. None of the options requires a first-time buyer; a Silverdale buyer who has owned before qualifies on credit, first lien, and property alone.
Is there an income limit?
No. The options offered in Washington carry no income limit beyond the first lien’s own rules; a USDA first lien has its own limits, and an FHA or HUD-184 first lien has none.
What first-time home buyer programs are available in Silverdale?
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?
It depends on the shape a Silverdale buyer takes: a forgivable second lien costs nothing to carry as long as the first lien stays current through the period and is then released, while a repayable second lien is repaid on a thirty-year amortization with a ten-year balloon; the options table on this page shows what each option costs to carry.
What credit score do I need?
Scores in the low six hundreds open the first option, and each step up in score opens more of them. The mortgage program has its own rules too, so the credit score, the mortgage, and the property are read together before the option is named.
How does a forgivable second lien work — the small second loan behind the mortgage?
You do not pay it as long as the first lien stays current through the period; after the period it is forgiven. A sale or refinance inside the period pays it off.
Is there an option for refinancing?
The refinance-cost option covers the costs of an FHA refinance with a repayable second lien, at its own credit floor and combined-leverage limit.
What property types are eligible?
Most primary-residence property types, with the condominium’s approval, the manufactured home’s width and title, and the unit count deciding which option attaches.
Can I buy a duplex or a fourplex with assistance?
Owner-occupied small multi-unit homes qualify, with the unit count deciding the option; a Silverdale, WA buyer living in one unit of a two-unit home uses a second-lien option, which reaches two; no purchase option here reaches a fourplex.
What if my mortgage is above the county loan limit?
Above the county limit, the repayable options carry the assistance; below it, every option is available. The price and the limit are settled before the option is chosen.
Place your Silverdale purchase on the right option today.
No credit pull, no commitment: an initial review places your Silverdale purchase on the right option and tells you what to gather.
This guide covers Silverdale — for the statewide options, categories, and property rules, see Down Payment Assistance in Washington, part of Lendmire’s down payment assistance program.
Nearby markets in Washington: Bremerton · Port Orchard · Seattle · Shoreline · Burien · Kirkland · Bothell · Bellevue
Related programs: FHA Loans · USDA Loans · FHA 203(k) Rehab Loans