Section 8 Homeownership Program

This program is only for current HASCO voucher holders. 

How does the Section 8 Homeownership Program work?

The Section 8 Homeownership Program is an opportunity for current Section 8 clients of the Housing Authority of Snohomish County (HASCO) to use their housing voucher to secure a purchase assistance loan to help them buy their first home.  Families increase their buying power by up to $50,000 with their voucher. This is not a lease-to-own program.  The program is made possible through a partnership with HomeSight, a nonprofit housing development corporation and HUD-certified housing counseling agency.

Families participate in an intensive first-time homebuyer education and financial counseling program with HomeSight.  HomeSight educates and underwrites buyers, and teaches families how to clean up their credit, save for their down payment ($2,500 or 1% of the purchase price, whichever is greater, plus 2 months’ mortgage payments for reserves), and determine what they can afford to buy.  In addition, HomeSight refers families to a HomeSight-qualified Realtor.

Classes cover budgeting, credit, qualifying for a mortgage, selecting and working with a real estate agent, predatory lending tactics, the mortgage process, mortgage default prevention, home maintenance, and neighborhood and community involvement.

In addition, buyers meet one-on-one for at least one-and-a-half hours of individualized financial counseling with HomeSight staff.

After completing the HomeSight program, buyers get a first mortgage from a bank with payments of about 30% of their monthly income. They get a second mortgage from HomeSight that is repaid by the voucher, usually within 15 years. HomeSight will lend Section 8 buyers up to $50,000 as a second mortgage, depending on the amount of the Section monthly payment.

For more information, the Program Brochure and Info Sheet/FAQ are available for download on the right side of this page.

Who is eligible?

At the time of their home purchase, all participants in the Section 8 Homeownership program must:

  • Be a first-time homebuyer or cooperative member
  • Have used a Section 8 voucher in Snohomish County for at least one year
  • Have at least 12 months of clean credit
  • Have had any bankruptcy discharged for at least four years with no derogatory items since
  • Have completed the HomeSight education and counseling program
  • Have an annual income of at least $25,000 per year
  • Be continuously employed for at least two years in the same line of work unless elderly or disabled

What can we buy?

Any home on the open market in Snohomish County, except for the City of Bothell, that is within current purchase price limits.  This can be a house or condominium unit.  Homes on leased land are not allowed unless the land lease is for at least 40 years.

What should I do next?

If you  are interested in using your voucher to purchase a home, your next step is to sign up for HomeSight’s free one-hour class, The HomeSight Program: An Introduction to Home Financing and Purchase Assistance.  The class is offered monthly in Snohomish County.  You can sign up for the class on HomeSight’s website or by calling HomeSight at (888) 749-4663.

After taking the class, HomeSight will contact you to schedule an appointment with a HomeSight counselor for a one-on-one assessment.  Let your HomeSight counselor know that you are interested in using your HASCO voucher to help you purchase a home.


If you are interested in buying a home in Snohomish County and do not have a voucher, please contact HomeSight.