Buy a Property with Down Payment Assistance from Gwinnett County

Gwinnett County Community Development has confirmed the return of the HOMEStretch Down Payment Assistance program. Credit and income eligible Georgia first time home buyers looking to buy a property in Gwinnett County may now qualify for down payment assistance of up $7500 to be used toward the down payment (yes, the 3.5% down on an FHA mortgages), closing costs and pre-paid expenses on the purchase of inhabitable single-family homes, town homes and condominiums built after 1977 and priced up to $200,000. Eligible borrowers may take advantage of low prices on new and existing construction traditional property sales, as well as foreclosures and short sales with very little money down.

The Gwinnett County Down Payment Assistance program varies from some of the others. While the income limits have recently been reduced, other positives do apply.

• Borrowers may benefit from open market FHA interest rates rather than one linked to the program
• The mortgage is forgiven in five years provided the buyer remains and occupies the property during that period
• Condominiums and town homes may be purchased

Visit the Atlanta Down Payment Assistance blog for more information. If you are NOT working with an agent, write or call Solomon today at (678) 775-2677 for important details and restrictions.

Solomon Greene
REALTOR® / HUD-certified Affordable Housing Counselor - Keller Williams Realty Atlanta Partners
http://www.AtlantaDownPaymentAssistance.com