Get Down Payment Assistance to Buy Your Dream Home

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.

To foster home ownership and support economic development, The Community Foundation for Northeast Georgia, the IMPACT Group, The Brand Banking Company and a network of local builders are partnering to provide down payment assistance for consumers who buy a home in Northeast Georgia.

There are hundreds of homes and communities available in counties throughout Northeast Georgia. Click here for a list of eligible homes.

The Northeast Georgia Down Payment Assistance Program is not restricted to first-time home buyers and does not require that the funds be re-paid. 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.

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

For more information and to find out if you qualify for the Northeast Georgia Down Payment Assistance Program, call 770-963-3044. Or, click here and we'll contact you!