DeKalb County First-Time Homebuyer Program
Funding status: Active
How much assistance
Up to $8,000 for down payment assistance; additional $3,000 bonus available for borrowers who improve FICO score from below 620 to 620 or above within 12 months (Forgivable Loan)
Zero percent interest deferred loan for 5 years. Forgiven in the 6th year.
Eligibility
- Income limits: Household income must be less than 80% of HUD Median Income for DeKalb County (1-person: $41,900; 2-person: $47,900; 3-person: $53,900; 4-person: $59,850; 5-person: $64,650; 6-person: $69,450; 7-person: $74,250)
- First-time buyer required: Yes — Must not have owned a home in the past 3 years
- Credit score minimum: 620
- Geographic restrictions: Must purchase a home in DeKalb County, Georgia
- Homebuyer education required: Yes
How to Apply for DeKalb County First-Time Homebuyer Program
Step 1: Contact the DeKalb County Human and Community Development Department. Complete a HUD-certified first-time homebuyer education course. Get pre-approved by a lender with a minimum FICO of 620. Borrowers below 620 may receive housing counseling and qualify for a $3,000 bonus upon reaching the target score.
Notes
Verify current funding availability with DeKalb County HCDD.