Partnership Lending | Teachers Program

Teacher Homebuyers Program

This program will help new teachers buy homes in Seattle - bringing continuity to our schools. We value our teachers and want to give them every reason to stay here, for the sake of our kids, our schools and our communities. - Seattle Mayor Nichols

Evergreen Home Loans is proud to join Mayor Nickels and the City of Seattle in providing assistance for Seattle public school teachers first home purchase. We offer free credit counseling and advice, as well as seminars that explain the homebuying journey. For more information about the program and to see if you qualify, contact our Partnership Lending department today at 800 459-5331 or 206 938-8900.

• What assistance does the city provide?
• What are the benefits?
• Can I purchase any home in Seattle?
• Do all teachers qualify?
• What are the teacher homebuyer program income parameters?

What assistance does the city provide?

Many teachers would like to live and work in the same community. With Seattle home values increasing, the City of Seattle is excited to help our teachers in the path toward home ownership by providing up to $45,000 in additional financing for eligible teachers first home purchase.

What are the benefits?

For the Teacher Homebuyer Program lender fees are waived and closing costs are reduced. Also, the $45,000 in additional financing is available at a low 3% interest rate with no payments required for 30 years, or until the home is sold. If the home is kept for 30 years the interest rate and any shared appreciation is forgiven.

Can I purchase any home in Seattle?

All homes within the Seattle City limits with a value up to $362,790 qualify for consideration. Investment properties are not eligible.

Do all teachers qualify?

The Program is design to support new, Seattle Public Schools full-time teachers who have not owned a home for 3 or more years and who meet the income parameters. Full-time Seattle Public School instructional assistants enrolled in a teacher certification program also qualify.

What are the teacher homebuyer program income parameters?

1-person household $43,050
2-person household $49,200
3-person household $55,350
4-person household $61,500

These limits are based on statistics provided by the office of Housing and Urban Development for the median incomes in Seattle. Additional income limits may apply.