Homestretch – Down Payment Assistance Program

***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 home buyers 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 home buyers who occupy the home as their principle residence for a period of at least five years.

Eligibility Requirements

Applicant Criteria

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 home buyer
  • Must have at least one credit score above 640
  • Debt-to-Income Ratio cannot exceed 43%

See the current Income Eligibility Limits (PDF) for this program. 

Property Criteria

Additionally, this program contains property eligibility requirements that are as follows:

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