Have you heard about the great incentive available to the GA first time home buyer and move-up buyer in households with members employed in health care in the State of Georgia?
The credit eligible GA first time home buyer and move up buyer residing in income-eligible households with members employed in health care may be able to obtain Georgia down payment assistance, a second mortgage of $7500 to help them buy their first or move-up GA residential property anywhere in Metro Atlanta. This second mortgage is known as a soft or silent second mortgage because no interest is accrued and no payments are due for as long as the property is owner-occupied and not refinanced. It may be just the option for those with limited funds to pay the acquisition costs on that dream GA residential property of their choice.
The Property
The GA first time home buyer and move-up buyer have a variety of options available for the purchase of their dream home. Eligible GA residential properties include inhabitable single-family homes, town homes and condominiums just about anywhere in Metro Atlanta with contract pricing up to $300,000, reduced closing costs and competitive interest rates on the first mortgage. Buyers may consider new construction properties, foreclosures, even for sale by owners all over Metro Atlanta and take advantage of low prices and, low interest rates.
The Borrower
Georgia Down Payment Assistance makes home ownership a real possibility to more Credit-eligible Georgia citizens. Credit-eligible borrowers need only be a member of an income-eligible household where a person employed in the health care industry also resides to meet the requirement. The qualifying employee can be in just about any position associated with health care provided the income level is not exceeded, including:
- Dining room cashiers
- Custodians
- Receptionists
It's just a great opportunity to take advantage of today's market to enjoy the peace of mind of GA Residential Property ownership.
What to Do Next
Keep up with the latest news on Georgia Down Payment Assistance by visiting this blog. You can also watch for updates at http://Twitter.com/GeorgiaHomes If you are not working with a real estate agent, please contact me for more information on this or other Georgia Down Payment Assistance Programs today at (678) 775-2677.
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