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Gwinnett County Homestretch Downpayment Assistance Program

by Floyd Brooks Last Modified: December 22, 2021

What is the Gwinnett Homestretch Downpayment Assistance Program?

The Homestretch Down Payment Assistance Program provides down-payment assistance to homebuyers who qualify based on their income.

The buyer must have the ability to purchase a home, but they are hindered by a lack of money needed for a down payment.

What is offered?

The program offers assistance up to $7,500 as a five-year deferred payment loan with 0% interest to qualified homebuyers. These buyers must occupy the home as their principal residence for a period of at least five years.

Get downpayment assistance programs sent to you now!

Click on the link below to get a list of downpayment resources

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Eligibility

Property must be either a single-family detached home or townhome

Property must be located within Fulton County

Property must pass an inspection

Must earn below 80% of Area Median

Must be a first-time homebuyer

Must remain in the home for at least 6 years

Must have at least one credit score above 640

Debt-to-Income Ratio cannot exceed 43%

Benefits

Up to $10,500

Maximums

The purchase price of the property may not exceed $238,000 for an existing home OR $243,000 for new construction.

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