Even that no down payment programs were removed from most if not all bank institutions there is still a way to do it here in Georgia. Its a government down payment assistance program that is available from your county officials. Unfortunately not all lenders are able/certified to offer it. Here is a quick look at what you need to be able to qualify:
Georgia Dream Program
Must be a first time buyer or have not owned a home in the past 3 years
30 year fixed low interest rate mortgage
Purchase prices up to $250,000
Total household income can not exceed $68,000
Low closing costs
$5,000 provided by the state to be used toward downpayment and/or closing costs
580 minimum credit score
Buyer must contribute $500 of their funds
Buyer must complete Home Buyer Education
For more details or to file an application call our office at 404-579-5889 or email us at kznet@comcast.net
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