Frequently Asked Questions
What is HomeSight?
- HomeSight is a non-profit Community Development Corporation that wants to help make buying your first home a reality! We offer first-time homebuyer education, financial counseling, purchase assistance, new home development, and 1st mortgage originations.
Can I use HomeSight’s purchase assistance in any county?
- Our purchase assistance is currently available in select target areas of Seattle, South King County, and all of Snohomish County.
How do I get started?
- First, register for our Basics of Homeownership class: Credit, Finance, Home Selection, Escrow and Closing class which explains the process of buying and maintaining a home. In lieu of attending a classroom session, clients may take the class online for a $40 fee. Go to ehomeamerica.org, select your state and county, then select HomeSight to begin the class. After attending this class, schedule a Financial Assessment with one of our counselors to determine eligibility for purchase assistance.
How do I register for classes? Can I register on-line?
Do I have to take the class in the county I want or already live in?
- No, you can take the class wherever it is convenient for you.
How long are the classes?
- The Basics of Homeownership: Credit, Finance, Home Selection, Escrow and Closing class is approximately 7 hours including 1 hour break for lunch. In lieu of attending a classroom session, clients may take the class online for a $40 fee. Go to ehomeamerica.org, select your state and county, then select HomeSight to begin the class.
I already took a class from another program, do I still have to take HomeSight classes?
- Yes, if you want HomeSight Purchase Assistance you will need to go through our education and financial assessment programs.
How long will it take to schedule a Financial Assessment?
- After attending The Basics of Homeownership: Credit, Finance, Home Selection, Escrow and Closing class or taking the ehomeamerica.org class online, you can schedule your appointment! Since we schedule on a first-come-fist-serve basis, appointment availability varies.
What are the qualifications for HomeSight Purchase Assistance?
- • You may qualify for purchase assistance if you satisfy the following:
• You have not owned a home in the last 3 years
• You complete all the HomeSight education and counseling requirements, and Upon purchase assistance approval, you purchase a home in select target areas of Seattle, S. King, or Snohomish Counties.
How long does it take before I can purchase a home?
- Since each person’s situation is unique, you will want to schedule a Financial Assessment with one of our counselors to discuss how long the process may take you.
I met with someone at HomeSight a while ago, can I re-open my file?
- You will want to call us so we can check to find out if you need to retake any classes or schedule another Financial Assessment.
I have a disability. Do you have specific programs that can assist me?
- In partnership with The Washington State Housing Finance Commission (WSHFC), HomeSight provides counseling for HomeChoice clients (see below). Though HomeSight doesn’t have a “specific” program for those with disabilities — all 1st-time home buyers are encouraged to go through our program and if qualified, receive our purchase assistance.
The WSHFC has a program called HomeChoice for those living with a disability or living with a family member that has a disability. For additional information please visit their website at – www.wshfc.org/buyers/homechoice.htm
Will I get a loan if I go through the HomeSight Program?
- It depends on individual circumstances and what you may qualify for in purchase assistance. You need to meet with a counselor to find out if you are qualified.
How do I know what I qualify for?
- Since it depends on individual circumstances, you will need to meet with a counselor to determine what assistance you qualify for.
I found a house I want to buy right now, can you help me?
- There is some groundwork to cover before you qualify for any purchase assistance. We require our clients take our education curriculum and meet with a counselor to find out how much assistance you may qualify for.