There is another option available for a limited time (while the funds last). Credit and income eligible first time home buyers may qualify for up to $7,500 in federal down payment assistance through an interest and monthly payment free second mortgage that is forgiven in five years. It's a five-to-one match program, meaning your contribution toward the transaction of up to $1,500 (includes earnest money, appraisal fee, etc.) would be multiplied by five to arrive at $7,500 in an interest and monthly payment free loan to help pay your down payment and closing costs.
Read more about it at the link below and then call me for a list of participating lenders and an agent in your area.
REALTORÂ® / HUD-Certified Affordable Housing Counselor - Keller Williams Realty Atlanta Partners