The Eight Steps to Homeownership  

WHC encourages you to follow these eight steps in order, and as completely as possible, to ensure that your loan and home are the best possible fit for you and your family and that your homebuying experience is positive and without stress. Click on the icon below for a full description of each step.

Attend a Washington State Housing Finance Commission-sponsored homebuyer education seminar. These five-hour classes are FREE...

Obtain a copy of your credit report. Address any issues and correct any errors in the report as necessary...

Do a personal budget and determine how large a monthly payment you can afford and comfortably pay...

Research first-time homebuyer and down payment assistance programs that you might qualify for...

Interview various lenders that offer the assistance programs you are qualified to receive. Obtain pre-approval...

Set realistic priorities for your new home including the neighborhood, number and type of rooms, size of house, etc....

Interview experienced real estate professionals that have experience working with first-time homebuyers and decide who to work with...

Select, purchase and maintain your new home. Congratulations! We hope that you create wonderful memories in your new home...

If along the way, you find yourself facing difrficulties in maintaining your mortgage or facing foreclosure, contact our mortgage default counselors at toll free (866) 600-6466 to learn about your options.

(c) 2005 Washington Homeownership Center
"The Eight Steps to Homeownership' and the content and icons relating to each of the eight steps are trademarks of Community Home Ownership Center, CHOC, and Washington Homeownership Center.