Become a Homeowner
For many people around Seattle realizing their dream of homeownership can seem like an impossible challenge. Despite the recent drop in home prices, the gap between dream and reality just keeps growing.
If you want to purchase your own home but housing prices seem out of reach, Homestead may be able to help.
Here's how it works – Land Trust ownership means that you are able to purchase a home at a lower price (typicallly $50,000-$100,000 below market prices) because the land remains part of the land trust. In exchange, you agree when you choose to move to sell your home at an affordable price, allowing another individual or family to achieve their dream of homeownership, as well.
The benefits of homeownership are substantial. From the financial stability of consistent housing costs, tax breaks, and equity building, to the pride of leaving a legacy for your children and securing a stable home for them. There is tremendous peace of mind that comes with owning a home.
For middle class individuals and families in the Seattle area, Homestead offers high quality homes at below-market prices.
How to become a homeowner:
- Find out if you are eligible for our program
- Complete an online orientation to determine if our program is right for you
- Submit an online application for homeownership
- Attend a WSHFC-sponsored homebuyer education class
- A Homestead staff member will contact you to review your eligibility and discuss potential homeownership opportunities
