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Homebuyers - Down Payment Assistance From $5 - $7.5k

Details
Posted By:
Edward Perry
Posting ID:
4092a5855
Location:
Metro - Atlanta
Telephone:
770-476-8981
Tags:
 homes   condos   for   sale   mortgage   real   estate   agent 
Listing Type:Single Family For Sale
Address:
GA

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Georgia Dream Free Down-payment Assistance in Georgia

Home Buyers in 21 Georgia counties qualify for $5,000 or $7,500 Down Payment Assistance

Metro- Atlanta
NO FIRST TIME HOME BUYER REQUIREMENT!
************************************************
HOUSEHOLD INCOME LIMITS
1 OR 2 PERSONS UP TO $86,000
3 OR MORE PERSONS UP TO $100,000

Carroll, Cherokee, Cobb, Dawson, DeKalb, Douglas, Fulton, Gwinnett, Heard,
Newton, Paulding & Rockdale

PURCHASE PRICE UP TO $300,000
***********************************************
♦ Borrower must contribute $1,000.00 to the purchase transaction
♦ Borrower must have a minimum credit score of 660 and a maximum debt to income of 40/45
♦ Liquid assets at closing may be no more than the greater of $20,000 or 20% of the purchase price
♦ The down payment assistance is a silent second mortgage loan @ No interest and No monthly
payments which must be repaid when home is sold or refinanced.
♦ Loan amount:
$5,000 if purchase price is $150,000 or less
$7,500 if purchase price is more than $150,000
♦ Must be used in conjunction with a Georgia Dream first mortgage loan
♦ Home Buyer Education is required

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