Covenant Homeownership Program (CHOP)
Covenant Homeownership Program (CHOP) is a down payment assistance - race-conscious (created by covenant homeownership act 2023) from Washington State Housing Finance Commission (WSHFC). Available statewide in Washington. For first-time buyers. Income limit: <=120% area median income.
Amount varies by program
Listed as open as of May 26, 2026
Available statewide in Washington.
| First-time buyer | Required |
|---|---|
| Income limit | <=120% area median income |
| Minimum credit score | 620 |
| Occupations | Applicant or parent/grandparent must be Black, Hispanic/Latine, Native American, Alaska Native, Native Hawaiian/Pacific Islander, Korean, or Asian Indian AND lived in Washington before April 1, 1968 |
| Sales price cap | Per first-mortgage program |
| Amount notes | Up to 20% of purchase price + closing costs, capped at $150,000 |
| Notes | Created to remedy past racial covenant discrimination. Pairs with Home Advantage or House Key Opportunity. |
| Phone | 877-894-4663 |
Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.
Provider: Washington State Housing Finance Commission (WSHFC) · program details at the provider’s site.
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