DOWN PAYMENT ASSISTANCE

DOWN PAYMENT ASSISTANCE

How to qualify and get FREE money or Grant for your Home's down payment

Here are the top down payment assistance programs available in North Georgia. We offer this info totally free to you as a service to our local community. If you would like to learn more or get qualified for any of these programs, please feel free to contact us.
Call: 770-616-3535

click here to start your FREE Georgia Down Payment Assistance application.

Gwinnett County Georgia Homestretch Down Payment
Dekalb County Georgia First-Time Buyer Home Program
Hall County Georgia Down Payment Assistance
Georgia Dream Down Payment Assistance Program
Federal Home Loan Bank Down Payment Asistance Grant
USDA
Flowery Branch Georgia Down Payment Assistance Gift

Gwinnett County Georgia Homestretch Down Payment

• Provides grant money up to $7,500 for properties purchased in Gwinnett County Georgia
• Buyer must be a first-time home buyer
• Maximum home value is $200,000 and built after 1977
• Grant is forgiven at 20% per year over the first 5 years
• Must be at or under 80% of the HUD median income limit
• Home buyer education required

Dekalb County Georgia First-Time Buyer Home Program

• Provides grants up to $8,000 for properties purchased in Dekalb but outside Atlanta city limits
• Buyer must be first-time home buyer
• Maximum purchase price of $160,000
• Must be at or under 80% of the HUD median income
• Homebuyer education required

Hall County Georgia Down Payment Assistance

• Provides need based grants from $2,500 to $5,000,  for properties purchased in Hall county Georgia
• Buyer must be a first-time home buyer
• Maximum purchase price of $271,050
• Must be at or under 80% of the HUD median income
• Home buyer education required

Georgia Dream Down Payment Assistance Program

• Provides grant money from $5,000 to $7,500 for all Georgia counties
• Buyer must be first-time home buyer
• Maximum purchase price, FHA county limits
• Must be at or under 80% of the HUD median income
• Loan is paid back once the home is sold
• Home buyer education required
  

Federal Home Loan Bank Down Payment Assistance Grant

• Provides (4:1 matching) grants up to $5,000 for properties purchased in all Georgia Counties
• Buyer must be first-time home buyer
• Maximum purchase price to not exceed the FHA limits in the area being purchased
• Must be at or under 80% of the HUD median income
• Home buyer education required

USDA

• Provides up to 102% financing in participating Georgia counties
• No first-time home buyer requirement
• Maximum purchase price of FHA limits in area purchased
• Higher income limits than county programs up to $82,600

Income Limits for 80% of HUD Area Median Income       

1 Person          2 Person          3 Person          4 Person          5 Person    
$38,850           $44,400           $49,950           $55,450           $59,900    


Income Limits for 120% of HUD Area Median Income      

1 Person          2 Person          3 Person          4 Person          5 Person    
$59,800           $68,350           $76,900           $85,450           $92,300    

Flowery Branch Georgia Down Payment Assistance

Home Development Resources, Inc. offers a down payment assistance program, funded by the Georgia Department of Community Affairs Community Home Investment Program (CHIP), to help first time home buyers to purchase a home. If you purchase a home in the city limits of Flowery Branch, GA., Depending on your income, you can receive between $2,500- $5,000 for down payment and/or closing costs toward your first home. This program is designed to help families in a specific income range. The income limits change each year. Below is an example of the income chart.

	1 person	family of 2	family of 3	family of 4	family of 5	family of 6
Income	$21,700	$24,800	$27,900	$31,000	$33,500	$36,000
DPA	$5,000	$5,000	$5,000	$5,000	$5,000	$5,000
Income	$34,750	$39,700	$44,650	$49,600	$53,600	$57,550
DPA	$2,500	$2,500	$2,500	$2,500	$2,500	$2,500

OTHER REQUIREMENTS:

• Complete a pre-purchase application
• Provide proof of income for all adults over 18 years of age (2 pay stubs)
• You have not owned a home in the past three years
• The home you purchase must be the primary residence
• Purchase price of the home cannot exceed the FHA limits for Hall County
• Attend Home Development Resources, Inc.’s, First Time Homebuyer workshop

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The information contained on this site including down payment assistance programs, grants, awards, limits, and restrictions are deemed to be accurate at the time of writing. We make every effort to keep our down payment assistance information current; however, some programs may alter their terms or max out their funding. We recommend talking to one of our Down Payment assistance experts to maximize your chances of getting the Down payment assistance you need.