The City of Bremerton, in partnership with Community Frameworks, presents the Bremerton Homeownership Down Payment Assistance (DPA) Program. The program is designed to provide deferred payment, low-interest subordinate loans that make home buying affordable for eligible home buyers purchasing within the Bremerton City Limits. Funding for this program comes from the City of Bremerton’s HUD allocation of Federal HOME funds and is matched with DPA from other sources provided by Community Frameworks for up to 20% of the purchase price. Community Frameworks’ partner lenders have additional DPA available as well.
The borrower must qualify for and use a first mortgage from a Community Frameworks’ partner lender. The City’s DPA loan may be used to assist with down payment, closing costs, and gap financing. Income restrictions apply
For more information please contact Community Frameworks at 360-377-7738 ext. 2, or visit their website.