National Faith HomeBuilders DPA

What is National Faith HomeBuilders DPA?

National Faith HomeBuilders DPA is a forgivable loan for homebuyers in Fulton, DeKalb, Gwinnett, Cobb, Clayton, Coweta, Douglas, Fayette, Henry County, Georgia.

• National Faith HomeBuyers offers $5,000–$10,000 in forgivable second mortgage assistance for down payment and closing costs to first-time homebuyers in Metro Atlanta. Administered by National Faith HomeBuyers, a HUD-certified 501(c)(3) nonprofit. Amount based on 5% of purchase price (standard) or 6% for public protectors, educators, healthcare providers, active military (PEN plan) or families with a disability (CHOICE plan), whichever is lesser.
• Provides $5,000–$10,000 in forgivable down payment assistance (5% or 6% of purchase price) for eligible homebuyers in 9 Metro Atlanta counties.
• Fully forgiven after 5 years if home remains primary residence.
• Covers both down payment and closing costs.
• Requires HUD-certified homebuyer education through PEN or CHOICE plan.
• Administered by HUD-approved nonprofit National Faith HomeBuyers.
• Available to first-time and repeat buyers meeting income and credit requirements.
• Funding comes from Nonprofit.

How much assistance does it provide?

National Faith HomeBuilders DPA offers between $5,000 and $10,000 in assistance, depending on the award tier a buyer qualifies under.

• The program asks buyers to contribute $1,000.
• 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?

National Faith HomeBuilders DPA 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?

National Faith HomeBuilders DPA is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

National Faith HomeBuilders DPA limits household income to 150% 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.

What kind of home can it be used for?

National Faith HomeBuilders DPA caps the purchase price at $325,000.

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

Where does it apply?

National Faith HomeBuilders DPA serves buyers purchasing in Fulton, DeKalb, Gwinnett, Cobb, Clayton, Coweta, Douglas, Fayette, Henry County, Georgia.

How do you apply?

Applications for National Faith HomeBuilders DPA 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.