Model house on a table as two people count cash and place money in a glass jar.

Housing · Buying a home

Cobb County Down Payment Assistance

Offered by Housing Authority of Cobb County

Open year-roundApply anytime. Applications are reviewed as they come in.

About

About This Program

A grant of up to 2% of your first mortgage for down payment and closing costs on a Cobb County home. No first-time buyer requirement.

The Cobb County My Home Down Payment Assistance (DPA) Program, launched by the Housing Authority of Cobb County in 2019, gives buyers of homes in Cobb County a non-repayable grant of 0%, 1% or 2% of the first mortgage amount for down payment and closing costs. It comes with a 30-year fixed-rate FHA, VA or Freddie Mac HFA Advantage first mortgage from a participating lender, and there is no first-time buyer requirement. Full-time Cobb County Government employees with at least 12 months of service can get an extra $10,000 grant. City of Marietta full-time employees can get an extra $10,000, or $15,000 for public safety employees. The county's page sends buyers to the program's website, GeorgiaBuyerDPA.com, for requirements and participating lenders.

Eligibility

Who Can Apply

Buying a home in Cobb County as your primary residence, and moving in within 60 days of closing
Qualify for a mortgage with an approved Cobb County My Home DPA lender
Income of no more than $159,880 ($90,800 with a Freddie Mac HFA Advantage loan)
Loan amount of no more than $688,850 for FHA loans or $806,500 for VA and Freddie Mac HFA Advantage loans
Credit score of at least 660 for FHA and VA loans or 640 for Freddie Mac loans, with a debt-to-income ratio of 45% to 50% depending on score
New or existing 1- to 4-unit home, condo or townhome (no manufactured or mobile homes)
First-time buyers using a Freddie Mac HFA Advantage loan take the free Freddie Mac CreditSmart homebuyer course

Area served: Cobb County

The offer

What's Offered

Non-repayable grant of 0%, 1% or 2% of the first mortgage amount for down payment and closing costs
30-year fixed-rate FHA, VA or Freddie Mac HFA Advantage first mortgage
Extra $10,000 grant for eligible Cobb County Government employees
Extra $10,000 grant for eligible City of Marietta employees, or $15,000 for Marietta public safety employees

Amount: Grant of up to 2% of the first mortgage; $10,000 to $15,000 more for eligible county and Marietta employees

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