We are excited to introduce you to a fantastic program that could bring you one step closer to owning your dream home in the heart of Cobb County. The Housing Authority of Cobb County, understanding the challenges of homeownership, has rolled out a special Down Payment Assistance Mortgage Program.

This innovative initiative, which began in 2019, was designed to lessen the financial burden of purchasing a single-family home by offering tax-free down payment assistance funds to qualifying homebuyers within Cobb County.

But the program offers even more benefits to a special group of people – the employees of Cobb County. Initially, qualifying employees were granted a $6,000 tax-free cash supplement. However, as of February 2023, this grant has been increased to an impressive $10,000 for employees purchasing a home within the county.

To ensure you're eligible for these benefits, the following criteria must be met:

1. You must qualify for a mortgage with a Cobb County DPA Program Lender.
2. Income and loan amount limits must be satisfied.
3. Minimum credit score requirements and maximum debt-to-income (DTI) ratios need to be adhered to.
4. The home should be your principal residence and cannot be an investment property.
5. You must occupy the home within 60 days of closing.

Property-wise, both new and existing residential properties can qualify for assistance. This includes one to four-unit homes, detached or attached houses, condos, and townhomes. Do note that manufactured, mobile, recreational, seasonal, or other types of non-permanent homes do not qualify under this program. And remember, the property must be located in Cobb County.

For more information on the Down Payment Assistance Mortgage Program, such as specific income and loan amount limits, or to find a list of approved lenders, visit www.georgiabuyerdpa.com. To directly access information related to Cobb County, visit www.georgiabuyerdpa.com/cobb.

The Down Payment Assistance Mortgage Program presents a unique opportunity for Cobb County employees to plant roots in the community they serve daily. It represents a significant stride toward making homeownership a reality for many. If you're a Cobb County employee dreaming of homeownership, this program could be the key to unlocking that dream.

Your journey to homeownership in Cobb County starts today. Happy home hunting!