Gwinnett County Homestretch Program

What is Gwinnett County Homestretch Program?

Gwinnett County Homestretch Program is a forgivable loan for homebuyers in Gwinnett County, Georgia.

• The Gwinnett County Homestretch Down Payment Assistance Program provides up to $10,000 in forgivable loan assistance to eligible first-time homebuyers purchasing a home in Gwinnett County. The loan carries 0% interest with no monthly payments; the principal is reduced by 20% each year beginning on the first anniversary of the security deed, and the lien is fully canceled after 5 years provided the home remains the buyer's primary residence. Assistance may be used for down payment, closing costs, prepaid items, HOA fees, and courier fees. The program is funded through federal HOME Investment Partnerships Program funds and administered by Gwinnett County Community Development.
• $10,000 forgivable loan at 0% interest — no monthly payments required.
• principal reduced by 20% annually, fully canceled after 5 years if home remains primary residence.
• may be used for down payment, closing costs, prepaid items, courier fees, and HOA fees.
• front-end DTI ≤43%, back-end DTI ≤55%.
• 8-hour HUD-approved homebuyer education required.
• borrower contribution of lesser of 1% of purchase price or $1,000.
• funded through federal HOME Investment Partnerships Program.
• compatible with FHA, VA, USDA, and Conventional loan products.
• Funding comes from Local Government.

How much assistance does it provide?

Gwinnett County Homestretch Program offers up to $10,000 in assistance.

• Buyer contribution: Lesser of 1% of purchase price or $1,000 toward down payment or closing costs.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Gwinnett County Homestretch Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, Refinance, No Longer Primary, and Transfer of Title.
• 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.

Who qualifies?

Gwinnett County Homestretch Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Gwinnett County Homestretch Program limits household income to 80% of the area median income, which varies by county and household size.

• 80% AMI. FY2025 limits: 1-person $63,980; 2-person $73,120; 3-person $82,240; 4-person $91,360; 5-person $98,680; 6-person $106,000; 7-person $113,320; 8-person $120,600.
• 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.

What kind of home can it be used for?

Gwinnett County Homestretch Program caps the purchase price at $349,000.

• Eligible property types include Single Family, Townhouse, and New Construction.
• New construction is eligible.

Where does it apply?

Gwinnett County Homestretch Program serves buyers purchasing in Gwinnett County, Georgia.

How do you apply?

Applications for Gwinnett County Homestretch Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through First-Come-First-Served, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.