Down Payment Assistance products offered in Georgia include: DeKalb County Workforce Enhancement Program, Georgia Dream Program, Gwinnett CountyHomestretch Down Payment Assistance Program, Within Reach Program, and the Chenoa Program. To see which program may be right for you, get started on your application today!

Available Programs

CHENOA Fund Program

The CHENOA Fund Program is available in Georgia.

Availability: Nationwide

  • Down payment assistance up to 3.5% of the purchase price or appraised value, whichever is less
  • 30-year fixed term with full amortization on the first mortgage
  • FHA loan types only
  • Homebuyer education course NOT required
  • Credit and income restrictions may apply

Invest Atlanta, City of Atlanta

This program is available to home buyers in the City of Atlanta, Georgia.

Availability: Georgia

  • 3.50% assistance GRANT payment equal to a percentage of the note amount
  • Minimum of $1,500 of borrowers own funds is required
  • 30-year fixed term with full amortization on the first mortgage
  • FHA and USDA loan types available
  • Homebuyer education course is required
  • Credit and income and property location restrictions may apply

Georgia Dream Program

The Georgia Dream Program provides affordable mortgage financing for low and moderate income homebuyers.

Availability: Georgia

  • Standard program down payment assistance up to $5000
  • $7,500: Protectors, Educators & Nurses (PEN) Are you a public protector, educator, healthcare provider — or work for these industries — or active military
  • 30-year fixed term with full amortization on the first mortgage
  • FHA, VA, and USDA loan types available
  • Household income and sales price restrictions may apply

Gwinnett County (GDCCP) Homestretch

Gwinnett County (GDCCP) Homestretch up to 3.5% 7,500 in assistance in the form of a 0% interest, deferred payments

Availability: Gwinnett County

  • FHA, VA, or Conventional fixed rate first mortgage
  • Borrowers must contribute at least $1000 of their own funds in the transaction
  • First time homebuyer only
  • Home buyer education is required
  • Credit and income restrictions apply

Cobb County Georgia Down Payment Assistance

Availability: Cobb County

  • Conventional (FHLMC), FHA, or VA fixed rate first mortgage
  • 3% or 4% of the note amount in the form of a non-repayable grant that can be used to cover the down Payment and closing costs.
  • No first time home buyer requirement
  • Income and loan limits apply
  • Homebuyer education require don conventional loans.

Within Reach Program

The Within Reach Program is a second, forgivable mortgage and is available in Georgia.

Availability: Georgia

  • Down payment assistance up to 6% of the note amount
  • 30-year fixed term with full amortization on the first mortgage
  • FHA and USDA loan types only
  • Homebuyer education course is required
  • Credit and income restrictions may apply

Some program restrictions and requirements apply. Loan program availability is subject to change without notice. Some programs may have a first-time homebuyer requirement. The type of DPA and lien position will vary for each loan program. ONQ0405180681Y000003h5S2

Loan down payment example is based on a 30 year fixed conventional mortgage loan with 4.0% down (provided through the Down Payment Assistance program). Amounts are based on loan amount of $200,000, interest rate of 5.375%, APR of 6.190%, $6,551 due from borrower at closing ($8,000 down payment paid through down payment assistance program). Approximate monthly payment of $1525. All amounts shown are estimates provided for educational and comparison purposes only and will vary for each loan. Borrower will be responsible for down payment beyond what is provided by the program as well as any fees and costs associated with the loan. Down payment assistance may come in the form of a forgivable or non-forgivable lien. Income and geographic restrictions apply. Homebuyer education may be required for certain payment assistance programs. Program availability is subject to change without notice. Additional restrictions may apply. On Q Financial, Inc. is an Equal Housing Lender. Loan amounts and fees will vary based on program used. Loan Amounts on FHA Scenario’s include an FHA 1.75% upfront fee. Loan Amounts on VA scenario’s include a 2.15% VA Funding Fee (Based on Regular Military 1st time usage)-No down payment required unless sales price exceeds appraised value. A USDA Guarantee fee will be charged and financed into the loan. The USDA Guarantee Fee is 1% of the loan amount and the USDA Annual Fee is 0.35% as of 06/01/2018. The USDA Annual Fee is to be paid monthly as part of the mortgage payment.