Down payment Assistance Is Available

Applications are now being accepted for the Gwinnett County HOMEStretch Downpayment Assistance Program, for individuals and families purchasing homes in Gwinnett County.

HOW CAN THIS PROGRAM ASSIST YOU?

The HOMEStretch Downpayment Assistance Program provides loans of $7,500 at 0% interest to qualifying first-time homebuyers who purchase affordable homes in Gwinnett County. HOMEStretch Loan funds may be used for Downpayment and/or Closing Cost Assistance, and/or Prepaid Items. These loans are 5-year, deferred payment loans. No scheduled payments are required on the HOMEStretch loans during the 5-year loan period. If the homebuyer occupies the home purchased with HOMEStretch funds as their principal residence for at least 5 years, the loan is satisfied and no repayment is required.

WHO IS ELIGIBLE FOR HOMESTRETCH?

First-time homebuyers including homebuyers who have not owned a home in three years who meet the income guidelines as established by HUD and set forth below, who are credit worthy and who complete a Certified pre-purchase counseling class provided by any HUD approved Housing Counseling Agency.

WHAT TYPES OF PROPERTIES ARE ELIGIBLE?
Single family detached homes, townhouses, and condominiums constructed after 1977 are eligible.

To qualify for a Gwinnett County HOMEStretch Homebuyers Downpayment Assistance Loan, the applicant must purchase a home in Gwinnett County.

HOW DO I APPLY?

CALL ME: SHARON EVANS, RE/MAX TOWN & COUNTRY AT 404-663-1669