Washington State Real Estate Practice Exam

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Study for Washington State's real estate exam with practice questions and detailed explanations. Prepare effectively and increase your chances of passing the exam!

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Is it true or false that the Washington State Housing Finance Commission offers assistance programs for first-time homebuyers?

True
False
Only for veterans
Only for low-income buyers

The correct answer is: True

The Washington State Housing Finance Commission (WSHFC) does indeed offer assistance programs specifically designed to help first-time homebuyers. These programs include various forms of financial assistance such as down payment assistance, lower interest rates on loans, and other resources aimed at making homeownership more accessible. The assistance is targeted not only at first-time homebuyers but also includes options that benefit low-income buyers, veterans, and other specific demographics. The comprehensive nature of these programs makes it clear that the statement regarding the availability of assistance for first-time homebuyers is true, as this is a key component of WSHFC's mission to promote affordable housing options in Washington State. This demonstrates the commission's commitment to supporting individuals and families in achieving homeownership, especially in a challenging market where the costs can be prohibitive for those purchasing their first home.