Cobb County My Home DPA Program
Funding status: Active
How much assistance
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) (Grant)
Eligibility
- Income limits: Must meet program income and loan amount limits
- First-time buyer required: No
- Credit score minimum: 660
- Geographic restrictions: Must purchase a home in Cobb County, Georgia. Home must serve as principal residence and be occupied within 60 days of closing.
How to Apply for Cobb County My Home DPA Program
Step 1: Get pre-approved for a mortgage by a Cobb County My Home DPA participating lender. Eligible loan products include FHA, VA, and Freddie Mac HFA Advantage conventional. Visit georgiabuyerdpa.com/cobb for participating lender list.
Notes
FHA and VA borrowers need 660 minimum FICO. Freddie Mac borrowers need 640 minimum FICO. Max DTI 45% for 640-679 FICO, 50% for 680+ FICO. No first-time homebuyer requirement.