Down Payment Assistance in Georgia: Misconceptions and Surprises

Dominique Moore, REALTOR® | Georgia Homebuyer Resource for South Metro Atlanta

Many buyers assume down payment assistance is only for first-time homebuyers or people with very low incomes—but that isn’t always true. Some programs are available to repeat buyers, veterans, public-service employees, and households earning moderate incomes.

Another surprise? Assistance isn’t always “free money.” Depending on the program, funds may be provided as a grant, forgivable loan, deferred-payment loan, or repayable second mortgage. Requirements can include income and purchase-price limits, minimum credit standards, homebuyer education, and using the property as your primary residence.

Programs also vary by location, loan type, and available funding, so it’s worth exploring your options before assuming you won’t qualify.

Complete the application below to learn which down payment resources may fit your situation. Applying does not guarantee eligibility or funding, but it can be a helpful first step toward understanding what may be available.

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Welcome to the Down Payment Resource Center provided by Dominique Moore.

Tell us where you're looking, answer a few questions about your household, and see how many programs may match your circumstances.

Frequently Asked Questions

• Who qualifies for down payment assistance in Georgia?

  Eligibility for Georgia down payment assistance programs varies by lender and program. Qualifications may depend on factors such as household income, credit score, purchase price, loan type, property location, and whether the home will be your primary residence. A lender can help determine which programs you may qualify for based on your financial situation.

• Is down payment assistance only for first-time buyers?

  No. While many Georgia down payment assistance programs are designed for first-time homebuyers, some programs are also available to repeat buyers, military veterans, public-service professionals, and buyers who have not owned a home within a specified period. Eligibility requirements vary by program and lender.

• Does down payment assistance have to be repaid?

  It depends on the Georgia down payment assistance program you receive. Assistance may be provided as a grant, a forgivable loan, a deferred-payment loan, or a repayable second mortgage. Each program has its own terms, so it's important to review the repayment requirements before closing on your home.

• Can down payment assistance cover closing costs?

  Yes, some Georgia down payment assistance programs can be used to help pay eligible closing costs in addition to your down payment. The amount of assistance, eligible expenses, and program requirements vary, so your lender can help you determine which options are available based on your qualifications.