Here are the top down payment assistance programs available in 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: 678-752-1633

CLICK HERE to select up to $7,500 for Georgia down payment assistance


Dream 100: 100% Mortgage Financing
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
INVEST ATLANTA 4.0
USDA
Flowery Branch Georgia Down Payment Assistance Gift
GEORGIA DOWN PAYMENT ASSISTANCE.COM 678-752-1633

Here are the top down payment assistance programs available in 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 Roger Lazzarino at 678-752-1633

Dream 100 Affordable 100% Mortgage Financing

  • Occupancy: Owner Occupant only – Primary Residence
  • NO First Time Homeowner requirement
  • No Mortgage Insurance:  slightly higher 30 year fixed rate than FHA but overall smaller payment  beneficial to Borrower when compared to FHA + MI or Conventional + PMI
  • Single Family: Attached or Detached – Modular or Warrantable Condos allowed
  • Property States: Georgia, Florida, Alabama, Tennessee, South Carolina
  • Eligible Borrowers: US Citizens/Permanent Resident Aliens – The Borrower may not have any ownership interest in any other type of property.
  • Buyer must at least $500 in transaction, may come from gift from family, grant or non-profit
  • Seller Contributions: Up to 4% (includes Builders)
  • Subordinate Financing (Down Payment Assistance) permitted only through Affordable Housing Agencies, Non-Profit Groups or Local Government Agencies that are approved.
  • Repair Escrows: NOT permitted on HUD home purchases or any other properties
  • Credit restrictions: Minimum 680 middle FICO, No Bankruptcies or Foreclosures ever, 4 trade lines with no lates in last 12 months, No NSF’s in last 3 months, Non-traditional credit not allowed.
  • Documentation: 33/41 Ratio’s, Income must be supported by paystubs and 2 year history of continuous employment.
  • Income restrictions: Income limits do NOT apply for Borrowers purchasing in low to moderate income census tracts – Income limits DO apply to Borrowers purchasing in middle to upper income census tracts (those limits are: income must be 80% or less than median family income for county). Call 678-752-1633 for clarification on address.
  • Refinances: Not permitted.
  • Buyers Education: A) HUD Approved Counseling Agency or B) Genworth Homebuyer Education or 3) FDIC Smart Money Online Program – required modules for Smart Money Online are (1) Borrowing Basics (2) Money Matters (3) To Your Credit (4) Your Own Home.

  • Program subject to change, Realtors & Borrowers please call 678-752-1633 for program guideline confirmation.

     

    Gwinnett County Georgia Homestretch Down Payment

    1 $37,150
    2 $42,450
    3 $47,750
    4 $53,053
    5 $57,300
    6 $61,550
    7 $65,800
    8 $70,050


    DeKalb County Home Down Payment Assistance Program


    Hall County Georgia Down Payment Assistance


    Georgia Dream Down Payment Assistance Program


    Federal Home Loan Bank Down Payment Assistance Grant


    INVEST ATLANTA 4.0

    Click Here for 2014 Income Limits



    USDA


    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 personfamily of 2family of 3family of 4family of 5family 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:

    CLICK HERE to select up to $7,500 for Georgia down payment assistance