Down Payment Assistance
Buying a home is a significant investment, and sometimes you need a little help to get you going. BankSouth Mortgage is proud to offer multiple down payment assistance programs to assist in making homeownership a reality for everyone. Contact a BankSouth Mortgage expert to determine specific program eligibility.
| Max Assistance Amount | Homeownership Guidelines | Geographic Restrictions | Income Restrictions | Minimum Borrower Contribution | Other | |
|---|---|---|---|---|---|---|
|
$25,000 (varies by location) |
n/a |
City of Atlanta, DeKalb, Douglas, Fulton, Gwinnett, Rockdale counties |
Varies |
n/a |
Must purchase ANDP home |
|
|
$5,000 |
Not owned in last 3 years |
AL, D.C., FL, GA, MD, NC, SC, VA |
✓ |
$1,000 |
20% forgiven for each year in home |
|
|
$5,000 - $7,500 |
First-time homebuyers |
State of Georgia |
|
$1,000 |
Funds must be used for Georgia Dream home loan |
|
|
n/a |
First-time homebuyers |
n/a |
✓ |
n/a |
Single-family housing only |
|
|
(includes Home Atlanta 4.0, NLP, AAHOP, HOAP) |
n/a |
n/a |
City of Atlanta |
✓ |
$1,500 (AAHOP only) |
Multiple programs available |
Down payment assistance programs are not available in all areas. Each program is subject to program availability. Please contact your mortgage expert for additional programs that may be available.
