Still Looking For Down Payment Assistance Money In Georgia?????

By
Real Estate Agent with PalmerHouse Properties & Associates, LLC 316636

You hear the news everywhere....."The stars, moon, and sun have all aligned and NOW is the perfect time to buy a new home (especially if you haven't owned real estate within the past three years)". With low interest rates AND home prices.....the conditions are optimal to live the American Dream. What else??? You can even purchase a home with as little as 3.5% down payment...Sounds pretty benign, huh??? Until you begin mentally calculating exactly what 3.5% actually computes to be. Then the panic sets in....

3.5% I DON'T HAVE THOUSANDS OF DOLLARS SAVED FOR THE PURCHASE OF A HOME, PLUS CLOSING COSTS, MOVING EXPENSES, DEPOSITS, LITTLE JOHNNY'S BRACES, ETC!.....

Then......

A ray of light shone your way via the Georgia Dream Homeownership's NSP Program and/or The Federal Home Loan Bank Grant Program!!! Then, you were told that you could purchase your new home, foreclosure or not, with down payment assistance funds to assist with home repairs, closing costs, discount points.....Suddenly, you were able to breathe again and Little Johnny's teeth would continue the straightening process! Needless to say, you purchased your home and is now living happily ever after. In fact, you were so pleased with the process, your Realtor, your mortgage broker, and the closing attorney...you felt the need to share your experience with your closest buddy.

Buddy is soooo excited about the possibility of purchasing a home that he immediately contacts your Realtor who tells him.....Unfortunately, the glorious down payment assistance program that helped your friend purchase a home has run out of money....

NOOOOOOOOO!!!!!!!!

Well, Buddy....hold on a minute!!! THERE ARE SOME GRANT PROGRAMS AND 100% FINANCING PROGRAMS THAT ARE STILL AVAILABLE TO YOU!!!! For instance, The USDA Rural Development Program provides 100% financing for owner/occupant first time homebuyers who purchase properties within their eligible areas, The Georgia Dream Homeownership Program is still providing down payment assistance up to $20,000 for first time home buyers, AND you can STILL purchase a HUD owned property for as little as $100 down with an FHA mortgage!!! In addition, many Metro Atlanta Counties has grant money available for first time homebuyers....

The key is to contact a Licensed Realtor to discuss your options and GET READY TO MOVE!!!!!

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Topic:
Home Buying
Location:
Georgia
Tags:
down payment assistance
fair housing
advice
newnan
georgia down payment
atlanta down payment
fulton down payment assistance

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Ambassador
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Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Thanks for sharing this excellent information with us this morning

Aug 15, 2009 01:02 AM #1
Rainmaker
82,027
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

...and thank you for taking the time to read and comment!!!

Aug 15, 2009 01:11 AM #2
Rainmaker
455,517
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Vanessa - But you've got to prod those "fence sitters" to move quickly.

Aug 15, 2009 01:17 AM #3
Rainmaker
82,027
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

I've found the best way to do that is to maintain consistent contact with people in my database to let them know what's available for them and the rate of funds depletion. It think that the most recent eye opening event was when The Federal Home Loan Bank Grant program went through 3 million bucks in a record breaking 2 days!!! Talk about stimulation!!!!

Aug 15, 2009 01:31 AM #4
Rainer
18,918
Sandy McKee
Sunstreet Mortgage - Tucson, AZ

Hi Vanessa,

Great information. We also have a program in AZ called "your way home AZ" that offers up to 22% assistance. This is supposed to be available nationwide, while funds last. Best of luck. Sandy

Aug 15, 2009 02:16 AM #5
Rainmaker
82,027
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

Up to 22% assistance....WOW!!!! That's awesome!!!! I'm pretty sure it's helping make a positive impact in your market, huh???

Aug 15, 2009 02:24 AM #6
Anonymous
sudha kumari

WOW.. this is a great information for all this program.This is very informative and beneficial.

https://www.ezinfocenter.com/10737492/FREE

Aug 26, 2009 06:28 PM #7
Anonymous
sudha kumari

WOW.. this is a great information for all this program.This is very informative and beneficial.

https://www.ezinfocenter.com/10737492/FREE

sudha kumari
Aug 26, 2009 06:31 PM #8
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Rainmaker
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Vanessa Calhoun

Your Greater Atlanta Marketing Guru!!
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