See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated March 24, 2026
Homebuyer Programs in Newnan, GA (2026)
Newnan is the county seat of Coweta County, located about 40 miles southwest of Atlanta, known for its charming historic downtown, growing residential community, and easy access to Atlanta via Interstate 85. With a median home price around $365,000, Newnan offers affordable homeownership within the Atlanta metropolitan statistical area. While Newnan and Coweta County do not currently offer city- or county-funded down payment assistance programs, buyers benefit from state and nonprofit options. The Georgia Dream program provides up to $10,000 in zero-interest down payment assistance, with up to $12,500 for military members, educators, healthcare workers, and public protectors. ANDP offers $17,500 to $20,000 in forgivable loans for qualifying metro Atlanta buyers, the Credit Union of Georgia provides up to $17,500, and National Faith Homebuyers offers $5,000 to $10,000 in forgivable assistance. By combining state and nonprofit programs, eligible Newnan buyers can secure meaningful help toward their down payment and closing costs.
State Programs in Georgia
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Grant | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Georgia Dream Homeownership Program | Deferred Loan | 5% of purchase price up to $10,000; 6% up to $12,500 for PEN (protectors, educators, nurses/health care, active military) and CHOICE (household member with a disability) borrowers | Yes | View → |
| Georgia Dream Peach Advantage Program | Deferred Loan | 2% to 5% of purchase price in down payment assistance, or 0% DPA option with a reduced first mortgage interest rate | No | View → |
| Georgia Dream Peach Plus Program | Deferred Loan | 3.5% of purchase price up to $10,000; 4% up to $12,500 for PEN (protectors, educators, nurses/health care, active military) and CHOICE (household member with a disability) borrowers | No | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- 5% of purchase price up to $10,000; 6% up to $12,500 for PEN (protectors, educators, nurses/health care, active military) and CHOICE (household member with a disability) borrowers
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- 2% to 5% of purchase price in down payment assistance, or 0% DPA option with a reduced first mortgage interest rate
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- 3.5% of purchase price up to $10,000; 4% up to $12,500 for PEN (protectors, educators, nurses/health care, active military) and CHOICE (household member with a disability) borrowers
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| ANDP FHLBank Atlanta Down Payment Assistance | Forgivable Loan | $17,500 to $20,000 for households at or below 80% AMI; $15,000 for households between 80.1-120% AMI (Workforce Housing Plus) | No | View → |
| Credit Union of Georgia First-Time Homebuyer Product | Grant | Up to $17,500 for down payment, closing costs, and principal reduction | Yes | View → |
| National Faith Homebuyers Down Payment Assistance | Forgivable Loan | $5,000 to $10,000 forgivable loan (amount varies by location) | No | View → |
| Newnan-Coweta Habitat for Humanity Homeownership Program | Zero-Interest Loan | Affordable mortgage on newly constructed Habitat home with 0% interest | No | View → |
- Type:
- Forgivable Loan
- Amount:
- $17,500 to $20,000 for households at or below 80% AMI; $15,000 for households between 80.1-120% AMI (Workforce Housing Plus)
- First-time only:
- No
- Type:
- Grant
- Amount:
- Up to $17,500 for down payment, closing costs, and principal reduction
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- $5,000 to $10,000 forgivable loan (amount varies by location)
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage on newly constructed Habitat home with 0% interest
- First-time only:
- No
How to Apply
Step 1: Check your eligibility. The Georgia Dream program requires household income below $130,290 (1-2 persons) or $149,833 (3+ persons). You must be a first-time homebuyer or qualify through a special category such as military service, education, healthcare, or public safety. ANDP requires household income at or below 80% AMI for full assistance.
Step 2: Complete homebuyer education. Georgia Dream requires homebuyer education through a DCA-certified housing counseling agency or an online course through E-Home America. National Faith Homebuyers also provides housing counseling and education. Call (800) 569-4287 to find a HUD-approved counselor near Newnan.
Step 3: Contact a Georgia Dream participating lender. Visit dca.georgia.gov for the full list of participating lenders serving the Newnan and Coweta County area. Your lender will help determine which programs you qualify for.
Step 4: Explore nonprofit assistance. Contact ANDP at (404) 420-1600 for information on their forgivable loan programs. Contact National Faith Homebuyers at (678) 553-3770 for down payment assistance certified for Coweta County. The Credit Union of Georgia also offers up to $17,500 in assistance for qualifying first-time buyers.
Step 5: Find a home within program limits. Georgia Dream has purchase price limits that vary by county. At a median home price of $365,000, many Newnan properties fall within program limits.
Step 6: Submit your application through your participating lender. Your lender will coordinate Georgia Dream down payment assistance at closing. Nonprofit DPA programs may require separate applications.
Frequently Asked Questions
How much down payment assistance can I get in Newnan?+−
Do I have to be a first-time homebuyer to qualify?+−
Does Newnan or Coweta County have its own down payment assistance program?+−
What homebuyer education is required?+−
Is Newnan affordable for first-time buyers?+−
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