WELCOME HOME PROGRAM PROPERTY

CURRENTLY AVAILABLE!!

4012 OVERLAND TRAIL
SNELLVILLE

FMLS #5996613

We're Comparing the two programs we work with the most here at Team Tisha.  Both programs are similar in what it takes to Qualify for the Down Payment Assistance but there are differences in how they operate.  Here's a Side-by-side comparison.

Welcome Home Program

(Visit Website for Welcome Home program)

Receive $14,975 in Down Payment Assistance funds.

Lien for amount is placed against Deed for 5 years.
No payments are made. There is no Interest. Completely forgiven at 5 years.

For use on ONLY previously acquired and renovated homes offered directly by Lawrenceville Housing Corp.
When these homes become available, they go VERY quickly.  It is Paramount to submit Offers on these home correctly the FIRST time.

SEE Currently Available Home(s)

Lending must be Conventional, FHA or VA.

Funds are used in this order:

  1. Lender required Down Payment
  2. Closing Costs
  3. Other fees (HOA fees, Intangible taxes, Pre-paid items)
  4. Any additional Funds left over (if any) go toward Principal Reduction.

NO Cash Out at Closing

Submit Application WITH Offer on Home.  Here's How.
If you do not have an agent, I'm happy to do this for you.

The Funds for your DPA are approved FIRST prior to awarding you a Signed Contract to Purchase Home.

Welcome Home Application

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HomeStretch of Gwinnett County

(Visit Website for HomeStretch)

Receive $7500 in Down Payment Assistance funds.

Lien for amount is placed against Deed for 5 years.
No payments are made. There is no Interest. Completely forgiven at 5 years.

May use on Existing home purchase of up to $161,500.00, OR
New Construction home purchase of up to $199,500.00.

YOU CHOOSE THE HOME TO PURCHASE. 

Can be FHA, VA, Conventional, Approved Short Sale or HUD home that DOESN'T require a Repair escrow.

Funds are used in this order:

  1. Lender required Down Payment
  2. Closing Costs
  3. Other fees (HOA fees, Intangible taxes, Pre-paid items)
  4. Any additional Funds left over (if any) go toward Principal Reduction.

NO Cash Out at Closing

Application for Program submitted WITH your Signed Contract. 

An Inspection of the property will be completed in addition to insure home meets Program requirements.

HomeStretch Application


A few Questions First ... Do you Meet Initial Qualifers?

Requirements for BOTH programs...

Are you a First Time Home Buyer or, not owned a home in 3 years?

Yup.       No. I've owned before / recently.

Do you have a Credit Score of at least 640?
You'll also need a Debt to Income ratio of no more than 43% - Ask your Lender for this!

Yup!  No. I still have some work to do!

Can you put down $1,000, or 1% of the Purchase Price?

These are Earnest Money Funds.  You'll also need funds to pay for Home Inspections and the Appraisal.

Yes! I have $1000 plus a little bit.       No. No Money.

Have you been Pre-Approved for the mortgage?

If not, Talk to Lenders, Linda Stratton or John Ragland

Yes! I have my letter.      Not yet.

Household income cannot exceed these ...

Does your HOUSEHOLD Income, exceed this amount?

Household Income will be ALL Income earned in the Household.

Yes.  My Household makes MORE than this.      Not yet.

Does your HOUSEHOLD Income, exceed this amount?

Household Income will be ALL Income earned in the Household.

No. My Household does NOT make that much.

Yes. Our income is more than these figures.

Previous Welcome Home Program properties

buying a homeIf you've just answered all the questions and ended up here ...
And there's a Welcome Home property available ...

Get your Offer in Quickly!!

See EXACTLY what the Program is looking for.