Athens-Clarke County Housing Authority DPA

Athens-Clarke County Housing Authority DPA is a deferred second loan for homebuyers in Athens, Georgia. The Athens Housing Authority Down Payment Assistance (DPA) Program provides 0% interest deferred loans to eligible first-time homebuyers in Athens-Clarke County, GA. Designed for moderate-income households earning 80%–115% of the Area Median Income, the program helps bridge the gap between savings and what is needed for a home purchase. Borrowers must contribute a minimum of $1,000 toward the purchase. Provides 0% interest deferred down payment assistance loans to first-time homebuyers in Athens-Clarke County with household incomes between 80%–115% of AMI. Borrowers must contribute a minimum of $1,000 toward the purchase. Funds are repaid upon sale, refinance, or when the home is no longer the primary residence. One-on-one housing counseling and a homeownership workshop are required. Administered by the Athens Housing Authority in partnership with Athens-Clarke County. Funding comes from Local Government.

Athens-Clarke County Housing Authority DPA is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, Refinance, and No Longer Primary. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Athens-Clarke County Housing Authority DPA is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 600. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Must attend one-on-one housing counseling with an approved housing counselor and complete a homeownership workshop prior to closing. Borrower must not own any vacant land at time of application. Must be financially qualified to obtain a first mortgage from an approved lender.

Athens-Clarke County Housing Authority DPA limits household income to 115% of the area median income, which varies by county and household size. Household income must be between 80% and 115% of the Athens-Clarke County Area Median Income (AMI). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Athens-Clarke County Housing Authority DPA can be used for Single Family, Condo, and Townhouse.

Athens-Clarke County Housing Authority DPA serves homebuyers purchasing in Athens, Georgia.

Applications for Athens-Clarke County Housing Authority DPA go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.