Benefits

Hometown Home Loan program

Get discounts on mortgage fees and advice from home-buying experts with the Hometown Home Loan program, a benefit offered to UW employees through a partnership with HomeStreet Bank.

Whether you’re a first-time homebuyer or seasoned homeowner, get your mortgage questions answered during a free, one-on-one meeting with a HomeStreet loan officer or attend seminars and classes, which are also free and held throughout the year. Then, when you’re ready to buy a home, the reduced closing costs and fees offered through the Hometown Home Loan program can save you thousands.

To learn more or to make an appointment with a loan officer, visit the Hometown Home Loan program.

Seminars and classes

Learn from the experts by attending a free seminar or class offered through the Hometown Home Loan program. Seminars are held on a regular basis at various UW locations while the first-time homebuyer class is typically held at HomeStreet Bank’s downtown Seattle office.

To register, use the links below or view the calendar for classes and seminars.

First-Time Homebuyer

Considering buying your first home? Learn how to make a budget and prepare your credit, get a comprehensive overview of the homebuying process, and ask questions of noncommissioned Hometown Home Loan program loan officers and other real estate professionals before you start looking for a home.

This class includes complimentary refreshments and a certification upon completion that can be used when qualifying for most down-payment assistance programs.

October 19, 2016
Noon – 1 p.m.
Tacoma
October 20, 2016
Noon – 1 p.m.
South Lake Union
November 10, 2016
Noon – 1 p.m.
UW Bothell

Register: First-Time Homebuyer

Buying and Remodeling a Fixer Upper

Are you one of those enterprising “Do-It-Yourself” types? In this seminar you will learn:

  • The best options for finding distressed properties
  • What improvements add value to your home
  • How to budget for basic home repairs
  • Whether to do it yourself or hire out

September 30, 2016
Noon – 1 p.m.
Health Sciences
Register: Buying and Remodeling a Fixer Upper

Refinancing and Using Home Equity

How do you know when it’s the right time to refinance a home? In this seminar you will learn:

  • Ways that a refinance may benefit you
  • Advantages of using cash from your home
  • How to consolidate or avoid consumer debt
  • How to distinguish the difference between a home equity loan and line of credit

October 13, 2016
Noon – 1 p.m.
Seattle, UW Tower
Register: Refinancing and Using Home Equity

Buying a Home with Down Payment Assistance

Are you interested in buying a home but want to keep your down-payment to a minimum? In this seminar you will learn:

  • Low down-payment programs and strategies
  • How to use down payment assistance and the eligibility requirements
  • Which down payment assistance programs are in your area
  • How to assess your eligibility for programs
November 9, 2016
Noon – 1 p.m.
Harborview Medical Center
November 10, 2016
Noon – 1 p.m.
Seattle, UW Tower

Buying with Down Payment Assistance

Buying a Vacation or Rental Property

Are you looking to invest beyond your primary home? In this seminar you will learn:

  • How to determine your investment style with respect to investing in real estate
  • How to obtain non-owner occupied financing
  • Pros & pitfalls of owning multiple properties
  • Tips for maintaining primary and secondary residences
December 1, 2016
Noon – 1 p.m.
Seattle , UW Tower
December 6, 2016
Noon – 1 p.m.
Health Sciences

 

 

Buying a Vacation or Rental

Home-buying discounts and resources

These are some of the resources available to UW employees through the Hometown Home Loan program.

Reduced closing costs and fees: Your Hometown Home Loan discounts are available to you exclusively through HomeStreet Bank’s Affinity Lending Center. When you get your home loan through the center, you’ll receive a credit worth 0.50 percent the value of your loan. On a $200,000 loan, for example, that credit’s worth $1,000. You can use that credit on closing costs, refinances, construction loans, and more.

Meet with a home loan officer: As you prepare to buy a home, one of the first steps is to meet with a loan officer and get pre-qualified. Based on your finances and the current housing market, a pre-qualification appointment gives you a realistic idea of what you can afford right now or how much you need to save.

The appointment is private, and you’re welcome to bring your spouse, partner, or potential co-signer.

Loan reviews and refinancing options: Does your current mortgage meet your needs? Both property values and interest rates change often, so it’s important to periodically review your home loan. The loan officers at HomeStreet Bank are available to help you explore your options and make sure you have a loan that works well for you.

Home improvement fair: Each spring mark your calendar for the UW Home Improvement fair. This free, day-long event features local contractors, interior designers, gardening experts, architects, realtors, and representatives from HomeStreet Bank and nonprofit housing resources.

Downtown Tacoma homes: In partnership with Tacoma’s Downtown: On the Go, HomeStreet Bank can help you save money when you buy a home in downtown Tacoma. You get exclusive pre-negotiated discounts on closing costs with loan officers, realtors, home inspectors, and escrow companies.

Help saving for a down payment: If your income is 80 percent or less of the area’s median income, HomeStreet Bank will help you save for your first home by contributing $3 for each dollar you save, up to $5,000.