Georgia DPA Launches Website to Help Buyers with Down Payment Assistance

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Georgia Down Payment Assistance

Jul 17, 2013, 03:00 ET


(PRWEB) July 17, 2013 -- For Down Payment Assistance in Georgia, refer to the programs listed below:

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 or hasn’t owned a home in prior 3 years
  • 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 a first-time home buyer or hasn’t owned a home in prior 3 years
  • Maximum purchase price of $160,000
  • Must be at or under 80% of the HUD median income
  • Homebuyer education required

Georgia Dream Down Payment Assistance Program

  • Provides grant money from $5,000 to $7,500 for all Georgia counties
  • Buyer must be a first-time home buyer or hasn’t owned a home in prior 3 years
  • 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 a first-time home buyer or hasn’t owned a home in prior 3 years
  • 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 100% Financing

  • 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

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

For more information on down payment assistance in Georgia please contact,
Roger Lazzarino
770-616-3535

Roger Lazzarino, Georgia Down Payment Assistance, http://georgiadownpaymentassistance.net/, 770-616-3535, [email protected]