Down payment assistance

In plain English

Money from a state, local or federal program toward your down payment and closing costs. It comes as a grant you don't repay, a loan that's forgiven after you live in the home for some years, or a 0% loan you repay when you sell or refinance.

Why it matters to you

It can cover thousands of dollars you'd otherwise need in cash. Most programs have income and price limits, need a homebuyer course, and must be arranged through a participating lender before closing, so look before you choose a lender. Find the federal and state programs that may fit.

infoGeneral information based on the standard Georgia REALTORS® purchase contract and public guidance. Your own contract decides: read it, and ask your agent or closing attorney about anything that matters. Not legal or financial advice.