Buying or refinancing a home is one of the most important financial moves you can make. The Hometown Home Loan program for UW employees is here to help make your dream of homeownership a reality. This program offers reduced fees on mortgages for permanent UW employees buying or refinancing anywhere in the Puget Sound region.
The Hometown Home Loan Program, began at the University of Washington in February 1999, and is a partnership between HomeStreet Bank, the City of Seattle, and the University of Washington.
Any permanent faculty or staff member of the University of Washington who is eligible for employee medical, dental, life, and LTD insurances is eligible to apply for the Hometown Home Loan program. In addition, retirees of the UW are eligible for this plan by showing their UW retiree ID card.
Taking advantage of group volume discounts can save the typical home buyer $1,000 to $1,500 or more in closing fees.
HomeStreet offers:
Note: The benefits of the Hometown Home Loan Program are only available through the Affinity Lending Center, not all HomeStreet branches. For more information about your benefits, please contact the Affinity Lending Center at 206-628-0207.
All loan programs have certain guidelines that determine your acceptable income-to -monthly-payment ratio. A Hometown Home Loan is more flexible about these ratios, making it easier to qualify for the home you want.
The Hometown Home Loan Program offers a wide variety of resources to meet your needs:
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Make a prequalification appointment. Affinity loan officers visit the Seattle campus the first Monday of each month and UW Bothell, UW Tacoma, and UW and Harborview Medical Centers once a quarter.
Apply for a home loan or home equity line of credit by phone or online. You may be able to get an online approval immediately.
HomeStreet’s Affinity Lending Center offers educational seminars and classes that can help reduce the stress and confusion of buying a home. It is also a great place to start if you’re considering buying a home and not quite ready. For more information, see Hometown Home Loan Events.
The City of Seattle has awarded HomeStreet Bank's Affinity Lending Center $500,000 to help families purchase a home in Seattle. Qualified first-time home buyers may be eligible for up to $45,000 in down payment assistance or interest rate reduction. Learn more about down payment assistance.
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