Smart Start
Owning a home is more than just hype; an affordable home is the gateway to long-term and short-term financial success.
Long-term, you'll build equity you can use in the future and short-term, you'll be able to enjoy potential tax deductions and pay yourself instead of paying rent. Plus, our friendly bankers are available for any questions you might have, big or small.
Ready for a Smart Start? Meet with a WaFd Mortgage Banker to find out how we can help you get into your first home.
As low as 1%
minimum contribution required*
No private mortgage insurance (PMI) required*
Smart Start Boost
available for downpayment assistance*
Use Smart Start Boost funds toward your down payment, closing costs, or to buy down your interest rate to lower your monthly payments.
Program/Eligibility Information:
- Credit score 640 and above
- Household income limits apply
- Must be used for purchase of primary residence
- Smart Start Boost down payment assistance is a secured second lien
- Gift funds, seller contributions and down payment assistance program funds allowed
All loans subject to credit approval, additional terms and conditions may apply.
*Borrowers are required to contribute a minimum of 1% of the purchase price from the borrower's own funds.
**Minimum down payment for the Smart Start Mortgage is 3% of the purchase price. Smart Start Boost is only available with the Smart Start Mortgage. Smart Start Boost funds may be used to reduce the 3% down payment to 1% of the purchase price, reduce your closing costs, or to buy down your interest rate. Restrictions apply. Ask your loan officer for additional details and qualifications.
Start Smart with a Pre-Approval*
A pre-approval gives you the confidence of knowing how much house you can afford. Our pre-approval program is verified and lets sellers know you're a serious buyer who can qualify for the house you are interested in.
*WaFd Bank Pre-Approvals are based on verified credit, income, and employment verification.
Understanding the Smart Start Boost - WaFd Bank's Home Loan Down Payment Assistant Program
Learn how our Smart Start Down Payment Assistance Program works for low-to-moderate income individuals and/or families.
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Best Big Bank in Washington, Idaho, New Mexico
Awarded America's Best-in-State Bank
Best-in-State Bank in Washington, Nevada, New Mexico