About the Program
The Homestretch Down Payment Assistance Program provides down payment assistance to income-eligible, first-time homebuyers who have the capacity to purchase a home but lack the money needed for a down payment. We offer down payment assistance up to $7,500 as a five-year deferred payment loan with 0% interest. The loan does not need to be repaid as long as the funded homebuyer occupies their home as their principal residence for a period of at least five years. 

Eligibility Requirements 
In order to qualify for this program, applicants must meet the following criteria:

• Must earn below 80% of Area Median
• Must be a first-time homebuyer (or have not owned a home for three years or more)
• Must have at least one credit score above 640
• Debt-to-Income Ratio cannot exceed 43%

View current income eligibility limits for this program. Additionally, the Homestretch Down Payment Assistance Program contains the following property eligibility requirements:

• Property must be either a single-family detached home or townhome
• Property must be located within Gwinnett County
• Property must pass a Uniform Property Conditions Standards Inspection
• Property may not cost more than $257,000.00 for an existing home or $305,000.00 for new construction. [Effective 2/27/2023]

Once an applicant is determined to be eligible for this program, it will take 30 days for a check to be drafted for the down-payment funding.

To apply, download the Homestretch Program preapplication form (PDF), then email the completed application, along with all required pre-application documentation, to Homestretch@GwinnettCounty.com.

 

For more information or questions, call 678.518.6008, email Homestretch@GwinnettCounty.com, or visit our office located at 446 West Crogan Street, Suite 420 in Lawrenceville.