ALTERNATIVES TO THE TAX CREDIT: Receive Up to $8,000 for Purchasing a Home in Dekalb County

If you are searching for a home in Dunwoody, Decatur, Chamblee, Doraville, Tucker, Stone Mountain, or in any Dekalb County city, outside the city limits of Atlanta, there maybe money waiting for you!  Dekalb County’s Homebuyer Program offers eligible buyers who have not owned real estate in the last 3 years up to $8,000 to use towards their down payment, closing costs, or other prepaid expenses.  Displaced homemakers and single parents may also qualify. 

ALTERNATIVES TO THE TAX CREDIT: How to Get Up to $7500 For Buying a Home in One of These Georgia Counties

The Georgia Department of Community Affairs (DCA) has yet another new down payment assistance option to its Georgia Dream Homeownership Program to help revitalize and attract home buyers to the several counties affected by the 2009 Georgia floods.  The Georgia Dream Recovery Program offers down payment and closing cost assistance for all home buyers in the following Metro Atlanta counties: Carroll, Cherokee, Cobb, Dawson, Dekalb, Douglas, Fulton, Gwinnett, Heard, Newton, Paulding and Rockdale. For those desiring to purchase a home in these counties, the real estate qualifications to receiving the Recovery Program funds are that it maybe any home within one of these counties (it does not have to have been personally affected/damaged by the floods) with a purchase price of no more than $300,000.  The DCA’s recovery program is also available to counties in other parts of Georgia including: Catoosa, Chattooga, Crawford, Dooly, Houston, Peach, Stephens, Taylor and Walker.  For those desiring to purchase a home in these counties, the real estate qualifications to receiving the Recovery Program funds are that it maybe any home within one of these counties (it does not have to have been personally affected/damaged by the floods) with a purchase price of no more than $250,000.

**NEW - Use the $8,000 Tax Credit As Your DOWN PAYMENT

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.  Previously, most buyers wouldn’t receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change.

Get $14,000 Free Towards Your Home Purchase - Here’s How…

Do you live in Georgia and desire to make a home purchase but need some additional cash for either your downpayment or repairs?  Well there is some good news for you!  Whether or not you are a first-time home buyer that qualifies for the up to $8000 tax credit, you may be eligible for $14,000 from the Georgia Department of Community Affairs. 

What the Housing Bill Means For Your Money, Part 1

Ready to purchase the lavish real estate in Sandy Springs and Metro Atlanta?  Well the rules to do so are changing quickly.  Stay informed and prepare yourself for the good, the bad, and even the ugly.

Adapted from Breaking Down the Housing Bill, Part 1 as published at http://scooparoundatlanta.wordpress.com/2008/08/20/breaking-down-the-housing-bill-part-1/