Yes, programs are available to non first time home buyers if they are not CURRENTLY on title to any property AND meet certain income and credit requirements. Gwinnett County offers up to $22,500 in down payment assistance, interest and monthly payment free through an interest and monthly payment-free second mortgage. Buyers are eligible for either the $14,500 program (which is forgiven in five years) or the full $22,500 (forgiven in ten years). Eligible properties are limited to those that are owned by the county, completely renovated and put back on the market. Buyers will be asked to contribute 1% of the purchase price in earnest money, but these properties have been beautifully restored and the down payment assistance is a nice bonus.
Then there's also the HUD-owned home program that allows buyers to buy a HUD-owned home anywhere in Gwinnett (actually Metro Atlanta) for $100-down. Please be mindful, however, that earnest money of up to $1,000 will be asked of the buyer, but $900 of those funds will be credited at settlement. Buyers are strongly urged to have their own home inspection upon notification of a winning bid because these properties, while often very nice, are sold as-is. HUD will also contribute up to 3% toward the borrower's closing costs (which is usually all of the closing costs).
Please read the blog at the link below for more information on a variety of down payment assistance programs in Metro Atlanta (yes, including Gwinnett County). I'd welcome the opportunity to speak with you. If you're not working with an agent, please call me at (678) 775-2677 for a brief discussion and important details.
REALTORÂ® / HUD-certified Affordable Housing Counselor - Keller Williams Realty Atlanta Partners