Who is eligible for the down payment assistance program?

Both first-time and repeat home buyers are eligible for funds from the Northeast Georgia Down Payment Assistance Program.

Can buyers use the funds on any home?

The funds can be used towards hundreds of homes located in many counties throughout Northeast Georgia. Click here for a list of homes and properties.

Do buyers have to pay the funds back?

Buyers using the Northeast Georgia Down Payment Assistance Program do not have to pay the funds back. The funds are provided by the participating partners to encourage home ownership and economic growth in Northeast Georgia.

Why was the program started?

Tough economic times and the recent turmoil in the mortgage market have made it harder to secure mortgage loans. For buyers without funds for a down payment, the dream of home ownership has become even more elusive.

Additionally, on October 1, 2008, the nation's largest privately funded down payment assistance program, The Nehemiah Program, will be eliminated. The Northeast Georgia Down Payment Assistance program will fill that void for area home buyers.

Does the Northeast Georgia Down Payment Assistance Program offer different benefits than the Housing and Economic Recovery Act of 2008?

Yes, the Northeast Georgia Down Payment Assistance Program is not restricted to first-time home buyers and does not require that the funds be paid back. This is in contrast to the features of the newly enacted Housing and Economic Recovery Act of 2008.

The Act offers tax relief to home buyers, in the form of a $7,500 tax credit to qualified first-time buyers. Those funds are then paid back, over a 15-year period, as an annual tax due from the home owner.

Who provides the funds for the Northeast Georgia Down Payment Assistance Program?

The Northeast Georgia Down Payment Assistance Program is made possible by the Community Foundation of Northeast Georgia, The IMPACT Group, Brand Bank and a network of local builders.

How do I know if I qualify?

Call 770-963-3044 to find how if you qualify and get started today.

How can I learn more?

Click here and we'll have a representative contact you. Or, give us a call at 770-963-3044.