Georgia Down Payment Assistance Program Information

Welcome to the 2019 information site for Georgia Down Payment Assistance programs and grants. Some of these programs may work for you but not ALL programs work alike. Some are household income based and some are not.

Our 2019 information site for your Georgia down payment assistance program needs, will break down the most popular programs used in today’s market.  All programs listed below require a 30 year fixed rate mortgage in conjunction with the Georgia down payment assistance program. Please look at the highlights below and fill out an inquiry form to find out which program works best for you. It’s free and simple.

For More Information, call  (678) 752-1633

~~GEORGIA DREAM HHF ( HARDEST HIT FUNDS)  DPA PROGRAM~~ $15,000 IN DOWN PAYMENT FUNDS
CLICK TO INQUIRE

Program Highlights

Funds available: $ 15 million
Counties: Fulton, DeKalb, Clayton, Muscogee, Douglas, Chatham, and Bibb
• Property eligibility: Must be existing; new construction is not eligible
• Amount: $15,000 per household (no PEN or CHOICE upgrades)
• Minimum credit score 640+ middle score
• Form: Recorded second mortgage lien with 0% interest, no monthly payment and forgivable after five years
• Rate: First mortgage must be Georgia Dream published rate<

LIMITED FUNDS AVAILABLE IN THE FOLLOWING COUNTIES
Bibb, Chatham, Muscogee:
Purchase price max:$200,000
Household income max: 1-2 persons $64,000; 3 or more persons $73,500

Clayton, DeKalb, Douglas, Fulton:
Purchase price max:$250,000
Household income max: 1-2 persons $76,000; 3 or more persons $87,500

 

~~GEORGIA DREAM – Standard Program~~ $5,000 IN DOWN PAYMENT FUNDS
CLICK TO INQUIRE

• 30 year fixed rate mortgage for FHA, VA or USDA
• $5000 in Georgia down payment assistance to help with down payment and/or closing costs
• Minimum credit score 640+ middle score
• Available statewide
• Home buyer education required
• Income limits and purchase price limits do apply
• Owner-occupied, 1 unit properties
• Town homes or Condos (Condos must be prior approved)
• New construction or foreclosures okay
• Maximum liquid assets of no more than $20,000 or 20% of sale price (whichever is greater)
• Must be first time home buyer

GEORGIA DREAM – PEN Program
CLICK TO INQUIRE

• 30 year fixed rate mortgage for FHA, VA or USDA
• Borrower must be employed in qualified public protection, military, health care or education
• $7500 in Georgia down payment program assistance to help with down payment and/or closing costs
• Minimum credit score 640+ middle score
• Available statewide
• Home buyer education required
• Income limits and purchase price limits do apply
• Owner-occupied, 1 unit properties
• Town homes or Condos (Condos must be prior approved)
• New construction or foreclosures okay
• Maximum liquid assets of no more than $20,000 or 20% of sale price (whichever is greater)

MATCHING GRANT – First Time Home Buyer
CLICK TO INQUIRE

• $5000 maximum subsidy
• 4 to 1 ratio. For every $1, grant provides up to $4, up to the maximum of $5,000
• Minimum contribution is $1,000
• Owner-occupied, 1 unit properties
• Town homes or Condos ( condos must be prior approved)
• New construction or foreclosures okay
• Must be first time home buyer – not have owned a home in the last 3 years
• Available statewide
• Income limits and purchase price limits apply
• Minimum credit score 640+ middle score
• Home buyer counseling required

MATCHING GRANT – Community Partners
CLICK TO INQUIRE

• $7500 maximum subsidy
• Must be one of the following:
a. Current or retired law enforcement officer
b. Educator
c. Firefighter
d. Healthcare worker
e. Those who are serving or have served in any branch of the US Military, or their surviving spouses
f. Other first responders
• Do not have to be a first time home buyer
• 4 to 1 ratio. For every $1, grant provides up to $4, up to the maximum of $7500
• Minimum contribution is $1,000
• Owner-occupied, 1 unit properties
• Town homes or Condos ( Condos must be prior approved)
• New construction or foreclosures okay
• Available statewide
• Income limits and purchase price limits apply
• Minimum credit score 640+ middle score
• Homebuyer counseling required

Dekalb County WorkForce Enhancement Program
CLICK TO INQUIRE

• 30 year fixed rate mortgage for FHA, VA, or USDA
• Georgia down payment assistance and /or closing costs in the amount of 3% or 5% of mortgage note amount
• No first time home buyer requirement
• Minimum 640+ middle score required
• Maximum purchase price and household income limits do apply
• Owner-occupied, 1 unit properties
• Town homes or Condos ( Condos must be prior approved)
• New construction or foreclosures okay
• Eligible for Dekalb County only
• Cosigners not permitted
• Home buyer education required

Atlanta HFA Preferred Program
CLICK TO INQUIRE

• 30 year fixed rate Conventional mortgage
• 5% forgivable grant on note to help with Georgia down payment assistance and /or closing costs
• Reduced mortgage insurance
• Minimum 640+ middle credit score for 95% LTV
• Minimum 680+ middle credit score for 97% LTV
• Home buyer education required
• Maximum purchase price and household income limits do apply
• Owner-occupied, 1 unit properties
• Town homes or Condos ( Condos must be prior approved and maximum LTV is 95%)
• New construction or foreclosures okay
• Property must be located in incorporated City of Atlanta

HOME Atlanta 4.0 Program
CLICK TO INQUIRE

• 30 year fixed rate FHA or VA mortgage
• 5% forgivable grant on note to help with Georgia down payment assistance and /or closing costs
• Minimum 640+ middle credit score
• Home buyer education required
• Maximum purchase price and household income limits do apply
• Owner-occupied, 1 unit properties
• Town homes or Condos ( Condos must be prior approved )
• New construction or foreclosures okay
• Do not have to be a first time home buyer
• Property must be located in incorporated City of Atlanta

Georgia Down Payment Assistance Program News


Georgia Down Payment Assistance Program Cities served (if you do not see your city listed, feel free to call; it may not be listed yet)
Acworth,Albany,Alpharetta,Americus,Athens-Clarke County,Atlanta,Auburn,Augusta-Richmond County,Bainbridge,Belvedere Park,Brunswick,Buford,Cairo,Calhoun,Candler-McAfee,Canton,Carrollton,Cartersville,Cedartown,Chamblee,Clarkston,College Park,Columbus,Conley,Conyers,,Cordele,Country Club Estates,Covington,Dalton,Decatur,Dock Junction,Doraville,Douglas,Douglasville,Druid Hills,Dublin,Duluth,Dunwoody,East Point,Eatonton,Evans,Fair Oaks,Fairview,Fayetteville,Fitzgerald,Forest Park,Fort Benning South,Fort Oglethorpe,Fort Stewart,Fort Valley,Gainesville,Garden City,Georgetown,Gresham Park,Griffin,Grovetown,Hapeville,Hinesville,Irondale,Jesup,Kennesaw,Kingsland,LaFayette,LaGrange,Lawrenceville,Lilburn,Mableton,Macon,Marietta,Martinez,McDonough,Milledgeville,Monroe,Moultrie,Mountain Park,Newnan,Norcross,North Atlanta,North Decatur,North Druid Hills,Panthersville,Peachtree City,Perry,Pooler,Powder Springs,Redan,Richmond Hill,Riverdale,Rome,Roswell,Sandersville,Sandy Springs,Savannah,Scottdale,Skidaway Island,Smyrna,Snellville,St. Marys,St. Simons,Statesboro,Stockbridge,Stone Mountain,Sugar Hill,Suwanee,Swainsboro,Thomaston,Thomasville,Thomson,Tifton,Toccoa,Tucker,Union City,Valdosta,Vidalia,Vinings,Warner Robins,Waycross,Wilmington Island,Winder,Woodstock


Georgia Down Payment Assistance Program Counties served (if you do not see your county listed, feel free to call; it may not be listed yet)
Appling County,Atkinson County,Bacon County,Baker County,Baldwin County,Banks County,Barrow County,Bartow County,Ben Hill County,Berrien County,Bibb County,Bleckley County,Brantley County,Brooks County,Bryan County,Bulloch County,Burke County,Butts County,Calhoun County,Camden County,Candler County,Carroll County,Catoosa County,Charlton County,Chatham County,Chattahoochee County,Chattooga County,Cherokee County,Clarke County,Clay County,Clayton County,Clinch County,Cobb County,Coffee County,Colquitt County,Columbia County,Cook County,Coweta County,Crawford County,Crisp County,Dade County,Dawson County,Decatur County,DeKalb County,Dodge County,Dooly County,Dougherty County,Douglas County,Early County,Echols County,Effingham County,Elbert County,Emanuel County,Evans County,Fannin County,Fayette County,Floyd County,Forsyth County,Franklin County,Fulton County,Gilmer County,Glascock County,Glynn County,Gordon County,Grady County,Greene County,Gwinnett County,Habersham County,Hall County,Hancock County,Haralson County,Harris County,Hart County,Heard County,Henry County,Houston County,Irwin County,Jackson County,Jasper County,Jeff Davis County,Jefferson County,Jenkins County,Johnson County,Jones County,Lamar County,Lanier County,Laurens County,Lee County,Liberty County,Lincoln County,Long County,Lowndes County,Lumpkin County,Macon County,Madison County,Marion County,McDuffie County,McIntosh County,Meriwether County,Miller County,Mitchell County,Monroe County,Montgomery County,Morgan County,Murray County,Muscogee County,Newton County,Oconee County,Oglethorpe County,Paulding County,Peach County,Pickens County,Pierce County,Pike County,Polk County,Pulaski County,Putnam County,Quitman County,Rabun County,Randolph County,Richmond County,Rockdale County,Schley County,Screven County,Seminole County,Spalding County,Stephens County,Stewart County,Sumter County,Talbot County,Taliaferro County,Tattnall County,Taylor County,Telfair County,Terrell County,Thomas County,Tift County,Toombs County,Towns County,Treutlen County,Troup County,Turner County,Twiggs County,Union County,Upson County,Walker County,Walton County,Ware County,Warren County,Washington County,Wayne County,Webster County,Wheeler County,White County,Whitfield County,Wilcox County,Wilkes County,Wilkinson County,Worth County