Down Payment/Refinance/Home Repair & Improvement

Down Payment and Refinance Assistance UPDATED 10/1/2020

The Snoqualmie Indian Tribe provides a one-time benefit up to $20,000 USD (twenty thousand dollars) for down payment assistance to adult eligible Tribal Members (18 or over) to be used towards down payment and closing costs on the purchase of an eligible home for primary residency. This benefit can be used towards down payment and closing costs on the purchase of an eligible home for primary residency. Eligible homes include: new Standard Home, Mobile Home (expressly excludes RVs, campers, and Fifth Wheels), Manufactured Home, Prefabricated home, Construction Loan of a new build (does not include purchase of land), or a Rent-to-Own (restricted to the second stage when applying for the loan in the conveying of ownership).

The Refinance Assistance benefit may be used for closing costs and fees associated with either a rate-and-term refinance of an existing mortgage for a primary residence or for a cash-out refinance.  A rate-and-term refinance changes the interest rate, the term, or both the rate and the term of an existing mortgage.  If the benefit is used for a cash-out refinance, the borrowed money is to be used for otherwise Eligible Expenses under the Tribe’s General Welfare Program.  The benefit is applied only to closing costs and fees charged by the lender associated with the refinance. 

Please Note:

  • If you previously utilized the full amount of the down payment program no additional funding is available.
  • Funding no longer needs to be used in a single transaction.
     

Forms/Documents:

 

Home Repair & Improvement Assistance 

To be eligible to receive this benefit, you must be: An adult enrolled Snoqualmie Tribal Member 18 years of age or older; the homeowner of the residence where the repair will take place; and occupying that home more than 51% of the year as their principal residence.

The following are ineligible to receive the Benefit: 1 - Tribal Members who rent but do not own their home, 2 - Households with a minor Snoqualmie Indian child, without an Adult Tribal Member. 3 -  Secondary homes, such as vacation homes or rental/investment properties.

This Program provides a benefit to adult Tribal Member homeowners in the area of home repairs and improvements, up to $10,000 per eligible Tribal Member every three (3) years.


Forms/Documents:



Contact: 
Angelina Holverstott or Peyton Titus
housing@snoqualmietribe.us
425.888.6551 ext. 4010 or 3011