Is Your Lack Of A Downpayment Preventing You From Purchasing A Home??

Real Estate Agent with PalmerHouse Properties & Associates, LLC 316636's no secret that our current real estate market is on FIRE!!! Especially in our markets in Coweta, Fayette, Fulton, and Henry County, well priced homes are selling faster than the hotcakes at IHOP on a beautiful Saturday morning. Smart buyers are noticing exceptional deals and taking every opportunity to capitalize on them.




Have you been considering purchasing a home, but are worried that your income isn't substantial enough to qualify? Or maybe you have very little funds for a down payment?

Well...there are viable options for homeownership for families such as yours!


The USDA Rural Development Loan Program has two loan types that are designed to help low and moderate income families who live in rural areas to be able to realize their dream of homeownership. These products offer 100% financing and very competitive loan interest rates for eligible homebuyers. 


The Single Family Housing Direct Home Loan Product (also known as the Section 502 Direct Loan Program) provides assistance to low and very low income families who currently live in unsafe, decent, and sanitary housing to purchase a home and provide payment assistance subsidy that reduces the mortgage payment for a short period of time. This income based program is determined by the adjusted family income.

Applicants who apply to this program must have an adjusted income that is at or below the low-term limit for the area in which they purchase and are subject to income and credit eligiblity.


The Single Family Housing Guaranteed Loan Program assists low to moderate income households build, rehabilitate, improve, or relocate to a property in an eligible rural area by providing a 90% loan note guarantee to approved lenders. The funds can be used for a myriad of things from purchasing a new or existing home to be used as a permanent residence from making upgrades and/or renovations to your existing home! Applicants are subject to income and credit eligiblity.


For more information regarding these loan products or any other down payment assistance programs that are available in Coweta, Fayette, Fulton, or Henry County, please visit my website at or give me a call at 678-406-8432.






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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Vanessa Calhoun - thanks for sharing down payment program information. It helps us help our buyers to acquire down payments if they can't afford.

Aug 25, 2015 02:58 PM #1
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH

That has been a concern especially for the first time homebuyers.  Somehow saving money seems to be least concern to many Americans these days especially there are so many consumer products taking their attention away.

Aug 25, 2015 08:59 PM #2
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

If I were just starting out , I would use as much Leverage as possible(100%LTV) to lock in these soon to be gone(???) interest rates !!!

Aug 25, 2015 10:18 PM #3
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty

We have many great loan programs here in Arizona as well that are helping more buyers with their down payments. I still want buyers to have skin in the game but it is difficult for a lot of people to save up the required down payment for a conventional loan. 

Aug 26, 2015 12:44 AM #4
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

One thing that I'm finding out about many of these DPA programs is that the debt to income ratio requirements are a bit smaller than non-DPA loans...which is a good thing. I'd like for all of my Buyers to have a little skin in the game, as well. However, I'm just as willing to work with responsible individuals who still want to purchase their own homes....especially when these interest rates are still so awesomely good! Lol!


Aug 26, 2015 02:23 AM #5
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Vanessa Calhoun

Your Greater Atlanta Marketing Guru!!
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