***Hall County is not currently accepting applications for this program.***

About the Program:
The Homestretch Down Payment Assistance Program provides down-payment assistance to income-eligible homebuyers who have the capacity to purchase a home but lack the money needed for a down-payment.  We offer down-payment assistance up to $7,500 as a five-year deferred payment loan with 0% interest to qualified homebuyers who occupy the home as their principle residence for a period of at least five years.

Eligibility Requirements:   
In order to qualify for this program, applicants must meet the following criteria:

•Must earn below 80% of Area Median

•Must be a first-time homebuyer

•Must have at least one credit score above 640

•Debt-to-Income Ratio cannot exceed 43%

Please click here to see the current income eligibility limits for this program. Additionally, this program contains property eligibility requirements that are as follows:

•Property must be either a single-family detached home or townhome

•Property must be located within Hall County

•Property must pass a Uniform Property Conditions Standards Inspection

•Property may not cost more than $165,000.00 for an existing home or $228,000.00 for new construction

Once an applicant is determined to be eligible for this program, it will take 30 days for a check to be drafted for the down-payment funding.