Homebuyer Programs in Smyrna, GA (2026)
Smyrna is a popular city in Cobb County within the Atlanta metropolitan area, known for its walkable downtown Village district, proximity to the SunTrust Park entertainment district, and strong community amenities. With a median home price around $450,000, Smyrna buyers can take advantage of several county, state, and nonprofit assistance programs. The Cobb County My Home DPA Program offers a non-repayable grant of up to 2% of the mortgage amount with no first-time buyer requirement, and an additional $10,000 grant for Cobb County employees. ANDP provides $17,500 to $20,000 in forgivable loans for qualifying metro Atlanta buyers, the Credit Union of Georgia offers up to $17,500, and the Georgia Dream program adds up to $10,000 in state-level assistance. While Smyrna does not currently offer a city-funded DPA program, combining county, state, and nonprofit programs can provide substantial help toward a down payment and closing costs.
Top Homebuyer Programs in Smyrna
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Cobb County My Home DPA Program | Grant | 0%, 1%, or 2% of first mortgage amount as a non-repayable grant for down payment and closing costs; additional $10,000 grant for qualified Cobb County employees ($15,000 for public safety employees) | No | View → |
| 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 → |
| 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+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | 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 → |
| 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 → |
| NW Metro Atlanta Habitat for Humanity Homeownership Program | Zero-Interest Loan | Affordable mortgage on newly constructed Habitat home with 0% interest | No | View → |
| Georgia Dream Homeownership Program | Deferred Loan | Up to $10,000 (5% of purchase price); up to $12,500 (6%) for protectors, educators, nurses (PEN) and families with a disabled member (CHOICE) | 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 | Up to $10,000 (3.5% of purchase price); up to $12,500 (4%) for PEN and CHOICE qualifying buyers | No | View → |
- Type:
- Grant
- Amount:
- 0%, 1%, or 2% of first mortgage amount as a non-repayable grant for down payment and closing costs; additional $10,000 grant for qualified Cobb County employees ($15,000 for public safety employees)
- First-time only:
- No
- 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:
- 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:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- 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
- 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
- Type:
- Deferred Loan
- Amount:
- Up to $10,000 (5% of purchase price); up to $12,500 (6%) for protectors, educators, nurses (PEN) and families with a disabled member (CHOICE)
- 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:
- Up to $10,000 (3.5% of purchase price); up to $12,500 (4%) for PEN and CHOICE qualifying buyers
- First-time only:
- No
How to Apply
- Step 1:
Check your eligibility. The Cobb County My Home DPA has income and loan amount limits but does not require first-time buyer status. Georgia Dream requires first-time buyer status or qualifying profession. ANDP requires household income at or below 80% AMI for full assistance. Visit georgiabuyerdpa.com/cobb for current Cobb County limits.
- 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. Call (800) 569-4287 to find a HUD-approved counselor near Smyrna, or visit thehubga.org for local listings.
- Step 3:
Get pre-approved by a participating lender. For the Cobb County My Home DPA, you must use a Cobb County DPA participating lender. Eligible loan products include FHA, VA, and Freddie Mac HFA Advantage conventional. For Georgia Dream, use a Georgia Dream participating lender listed at dca.georgia.gov.
- Step 4:
Find a home in Smyrna or Cobb County. The Cobb County DPA covers all of Cobb County including Smyrna. The home must be your primary residence and occupied within 60 days of closing. It can be a detached or attached home, condo, or townhome.
- Step 5:
Submit your applications through your participating lender. Your lender will coordinate the Cobb County DPA and Georgia Dream applications at closing. For ANDP assistance, contact ANDP directly at (404) 420-1600. For National Faith Homebuyers, call (678) 553-3770.