First Time Home Buyer With Bad Credit In Ga. Borrowers need just a 3 down payment. Habitat for humanity habitat affiliates bring homeownership to very low income families.
For starters your credit union may offer special programs to help you purchase a home. The homeready and home possible loan programs are mortgage loans for low income created by fannie mae and freddie mac for low income first time homebuyers with a 620 or higher credit score. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven deferred or subsidized in some manner until resale of the mortgaged property.
Minimum 620 credit score.
Usda rural development programs that reduce the cost of homeownership for low and moderate income families. Income cannot exceed 100 of the area median income ami. Dekalb first time homebuyers assistance program. Applicant must have a minimum middle credit score of 640 must meet income and purchase price limits and must have limited liquid assets.