Hall County Homestretch Program

Hall County Homestretch Program is a forgivable loan for homebuyers in Hall County, Georgia. The Hall County Homestretch Program provides $7,500 in deferred down payment assistance to eligible first-time homebuyers in Hall County, Georgia. The assistance is structured as a 0% interest deferred loan that is forgiven over a 5-year period, provided the homebuyer maintains the property as their primary residence. Applicants must meet income limits and complete a HUD-approved homebuyer education course. $7,500 in forgivable down payment assistance. 0% interest rate. Loan forgiven over 5 years when maintained as primary residence. No monthly payments on DPA loan. Helps cover down payment and closing costs. Administered by Hall County Housing and Urban Development Program. Funding comes from Local Government.

Hall County Homestretch Program offers up to $7,500 in assistance. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Hall County Homestretch Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, No Longer Primary, Transfer of Title, and Maturity Date. 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.

Hall County Homestretch Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: 3 years since last ownership. The program lists a minimum credit score of 640. A homebuyer education course is required, through HUD-approved housing counseling agencies. Residency requirement: County Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Must complete an 8-hour HUD-approved homebuyer education course. Must not have more than 3 late payments in the past 12 months. No bankruptcies within the last 2 years.

Hall County Homestretch Program limits household income to 120% of the area median income, which varies by county and household size. 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.

Hall County Homestretch Program can be used for Single Family, Condo, and Townhouse.

Hall County Homestretch Program serves homebuyers purchasing in Hall County, Georgia.

Applications for Hall County Homestretch Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through N/A. 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.