This HUGE home is located in Clayton County! It is only $100 down and this home qualifies for the Clayton County Home Buyer Assistance Program for an additional $5,000 towards the purchase!!
Clayton County Homebuyer Assistance Program (CHAP)
Clayton County provides first-time, low and moderate-income homebuyers with downpayment assistance through its HOME Investment Program. Applying for these funds has been subcontracted to the Housing Authority of Jonesboro which will provide eligible homebuyers with a Deferred Payment Loan for up to $5,000. If the homebuyer loses or sells the house within the first 60 months after closing this money will have to be repaid to the County. If the homeowner retains the property for 5 full years, the downpayment assistance becomes a grant and does not have to be repaid.
Naturally, the home purchased, must be in Clayton County and the buyer will be required to obtain a fixed-rate mortgage from a reputable lender.
Income limits are 80% of HUD Area Median Income Limits. Borrower contribution is $500. Purchase price limit is $180,000. They can be reached at 770-478-7282
Home buyer education counseling is also a requirement and can be obtained through a HUD approved counseling agency.
Please contact me if you would like further assistance using this program!!
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