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.
UW permanent faculty and staff members who are eligible for employee medical, dental, life, and LTD insurances are eligible to apply for the Hometown Home Loan program. Their immediate family members (such as parents and children) are eligible as well. UW retirees are also eligible for this program by showing their UW retiree ID card.
Taking advantage of group volume discounts can save you $1,500 to $1,700 or more in closing fees when you purchase or refinance a home.
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. The Hometown Home Loan program has programs with more flexible loan terms, 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:
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.