For sure you heard about the down payment assistance programs. Local or state housing authority can administer these programs. Additionally, a nonprofit organisation or lender can also manage it. Basically, these programs provide a set amount of money to eligible homebuyers. As a homebuyer, you can use this money to cover your down payment or your closing costs.

Fortunately, in Georgia, there are many down payment assistance programs that you can consider. To start, here’s a good guide on assistance with down payments in Georgia:

FHLB – First Time Buyer
FHLB (Federal Home Loan Bank) – First Time Buyer is a grant, which is forgiven after five years. This program can be used anywhere in Georgia. The down payment assistance is up to $5,000.

FHLB – Community Partners Product
The FHLB – Community Partners Product provides up to $7,500 in down payment assistance. It is for current or retired law enforcement officers, firefighters, educators, health care workers, and other first responders.

FHLB – Foreclosure Recovery Product
The FHLB – Foreclosure Recovery Product provides up to $15,000 in down payment assistance. This program is available for first-time and non-first-time homebuyers.

FHLB – Veterans and Returning Veterans Product
The FHLB – Veterans and Returning Veterans Product provides up to $10,000 in funding by veterans or active duty members of the US military. Surviving spouses may also apply.

FHLB – Veterans Rehabilitation Product GA Dream
The FHLB – Veterans Rehabilitation Product GA Dream provides up to $15,000 for accessibility and energy-efficient improvements to a home owned by veterans, active duty members of the US military or their surviving spouses.

GA Dream
The GA Dream allows a buyer to have a higher income limit. The program provides $5,000 in down payment assistance.

GA Dream PEN
THE GA Dream PEN is for protectors (like policemen and foremen), educators and health care workers. It provides up to $7,500 in down payment assistance.

GA Dream CHOICE
The GA Dream CHOICE is for a household with disabled members. It provides up to $7,500 in down payment assistance.

Gwinnett County HOMESTRETCH
First-time buyers who purchase homes in Gwinnett County are provided with loans of $7,500 at 0% interest.

Invest Atlanta
Invest Atlanta has 4 down payment incentive programs to include:
• HFA Preferred: homebuyers are provided with up to 5% of purchase price.
• Home Atlanta 4.0: homebuyers are provided with up to 5% of purchase price.
• Invest Atlanta – Atlanta Affordable Homeownership Program: homebuyers are

provided with up to $20,000 in down payment assistance.
• Invest Atlanta – Vine City Renaissance Initiative: homebuyers are provided with up to

$10,000 in down payment assistance.

National Homebuyers Fund
Homebuyers are provided with up to 5% of loan amount. The grant can be used as down payment or for closing costs. More importantly, repeat homeowners are qualified.

Neighborhood Stabilization Program
The program provides up to $25,000 in homebuyer assistance but it will depend on the county. It is also forgivable within five or ten years.

USDA
USDA Guaranteed Loan Program provides 100% financing, especially in rural development areas.

WE DeKalb
The WE DeKalb provides homebuyers (of 30-year fixed rate mortgage) with up to 5% of loan amount.