The Decide DeKalb Development Authority designed the WE DeKalb Program as an economic incentive to help employers in Atlanta attract and retain top talent by making homeownership in DeKalb County more affordable. 

FHA Rates Near 50 Year Low!

Now is the time to drop the interest rate on your 30-year mortgage or refinance into a 15-year home loan.

FHA Rates for
Are You Watching Your Credit Score?

NOTICE: Some FHA mortgage lenders are substantially raising FICO score requirements during the Coronavirus crisis, even though FHA minimums remain unchanged.


- Improving Your Credit Score Has Never Been More Important -

Get started one
Get started two
Get started three
Get started four
FHA.com is a privately owned website, is not a government agency, and does not make loans.

Choose a Loan Type

FHA.com is a privately owned website, is not a government agency, and does not make loans.

We DeKalb DPA Program

Financial Assistance for Homebuyers in Georgia

The Decide DeKalb Development Authority designed the WE DeKalb Program as an economic incentive to help employers in Atlanta attract and retain top talent by making homeownership in DeKalb County more affordable. The program is meant for potential homebuyers who may exceed earning limits to qualify for housing subsidies, but still need help with down payment and closing costs. 


Available Assistance 
The WE DeKalb program provides down payment assistance to qualified applicants interested in purchasing or refinancing a home in DeKalb County, Georgia. Based on the type of loan selected, this assistance comes in the form of a grant of 3, 4, or 5%. The grant is not exclusive to homebuyers who work in DeKalb County – any qualified borrower interested in buying a home in DeKalb County can take advantage of this non-repayable grant. 

 
Eligibility Requirements 
In order to be eligible for the WE DeKalb Program, all applicants must meet certain income requirements. The maximum income limit for FHA and VA loans is $111,580 for households of all sizes and the maximum qualifying income for conventional Freddie Mac HFA Advantage loans is $63,360. Applicants must also have credit scores that fall within the program’s set limits: 

FHA and Freddie Mac loans with a minimum 680 FICO will have a maximum DTI ratio of 50%. 

FHA, VA and Freddie Mac loans with a minimum 640 FICO will have a maximum DTI ratio of 45%. 
 

Note: This information was accurate at the time of publication and may no longer be current - visit the program website for updated information. 

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but States and Local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price and income limits. spacer

Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Georgia

The Department of Community Affairs in Georgia helps residents in particular counties finance their new homes through the Georgia Dream Homeownership Program. The program helps homebuyers afford decent housing by providing them with down payment assistance.

Down payment assistance funds are provided as a 5-year deferred payment loan with zero interest. As long as the homeowner remains the primary resident through the maturity date of the security deed, the lien is canceled and no payments are required. 

The Decide DeKalb Development Authority designed the WE DeKalb Program as an economic incentive to help employers in Atlanta attract and retain top talent by making homeownership in DeKalb County more affordable. 

SEE YOUR CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


spacer
X Open Me

I am opened!

This is where the content goes