Georgia Down Payment Assistance Programs

The Fulton Homeownership Program helps first-time homebuyers in Fulton County by covering up to 6% of the purchase price or up to $10,000. This assistance is available through a deferred loan with zero percent interest and is forgivable after six years.

Eligibility for the Fulton Homeownership Program requires buyers to be first-time homeowners, earn between $54,000 and $101,800, and purchase a home in Fulton County within the program’s limits. The purchase price must be at most $272,000.

The Augusta Down Payment Assistance Program significantly supports first-time homebuyers by offering up to $7,500 to assist with down payment and closing costs. This financial aid is available through a deferred loan with zero percent interest, which becomes a no-payment loan after a five-year residency period in the purchased home.

Applicants must be first-time homebuyers, fall within specific income limits, buy a home within the city limits of Augusta, and comply with credit score and asset requirements.

The Atlanta Housing Homeownership Program offers qualified borrowers up to $20,000 through a zero percent interest second mortgage loan. To qualify, buyers must purchase a home within Atlanta City limits and be considered first-time homebuyers. The program also has income limits of within 80% of the area’s median income. Liquid assets, credit scores, and Georgia residency requirements also apply.

The Clayton County Down Payment Assistance Program offers qualifying homebuyers up to $25,000 in assistance to cover down payment and closing costs.

To qualify, applicants must be first-time homebuyers, meet specific income limits, and purchase a home within the county. Participants must complete a homebuyer education course and fulfill credit score and asset requirements.

Savannah’s DreamMaker Home Purchase Assistance Program provides eligible homebuyers with up to $60,000 in down payment and closing cost assistance. The program is structured into three tiers—DreamMaker 1, 2, and 3—each offering different levels of financial aid based on the applicant’s needs and qualifications.

To qualify, buyers must purchase a home within Savannah city limits, fall within specific income limits, and be first-time homebuyers. Additionally, participants must meet credit score requirements, complete a homebuyer education course, and adhere to Georgia residency guidelines.

The Homestretch Down Payment Assistance Program helps qualified borrowers cover down payment needs when purchasing a home in Gwinnett County. Eligible homebuyers can receive up to $10,000 toward their purchase price via a zero percent interest deferred payment loan that is forgivable after five years.

This program does have minimum credit score and debt-to-income ratio requirements, which include a 580 score and 43%-55% DTI. Additionally, borrowers must complete a homebuyer education workshop.

The Douglas County Down Payment Assistance Program offers substantial financial support to first-time homebuyers, providing up to $15,000 to help cover down payment and closing costs. This assistance comes as a deferred loan with zero percent interest, which can be forgiven after living in the home for a specified period.

To be eligible, applicants must be first-time homebuyers, meet specific income criteria, and purchase a home within Douglas County limits. Additionally, participants must complete a homebuyer education course and adhere to the program’s guidelines regarding property price and residency requirements.

The DeKalb County First-Time Homebuyer Program offers Georgia Down Payment Assistance to help first-time homebuyers who have not owned a home to cover the costs of down payments and closing expenses. This financial aid makes purchasing a home more attainable for low-to-moderate-income individuals and families.

To qualify, applicants must meet specific income limits, be first-time homebuyers, and complete a homebuyer education course. The property purchased must also be located in DeKalb County and serve as the buyer’s primary residence.