No Interest Deferred Payment Loans

The Deferred Payment Loan Program can help you fix up your home. If your home needs a new roof, the furnace is old and failing, the lights flicker, the pipes leak or you need a new septic system, this is the loan for you. If you are a low or moderate income homeowner outside Seattle, you may qualify. The Defered Payment Loan provides up to $25,000 at 0% interest, and you make no monthly payments. Gross annual income for all family members must be less than 80% of median. View the income guidelines table or call the King County Housing Repair Programs at (206) 296-7640 .

• Maximum County Loan $25,000
• 0% interest
• No monthly payments
• Repaid at the time the home is sold or title transferred or when the home is no longer your primary residence

Note: If you borrow money against your home in the future, your new lender may require that the King County loan be repaid.

Eligibility

Eligibility is determined by gross annual income of ALL household members. Other eligibility requirements include:

• Assets limitation
• Sufficient home equity