Dekalb County Grants Dekalb County has options for grants!! The DeKalb County NSP Second Mortgage Program is an initiative to help qualified buyers purchase a previously foreclosed home in DeKalb County. The program provides financial assistance to help lower the cost of these homes and address minor repairs.
Who Qualifies?
The DeKalb County NSP Second Mortgage Program has three target audiences: DeKalb County Police Officers (including city of Atlanta), DeKalb County First Responders, and the general public.
Here is the best question! How Much Assistance is Available?
The program provides up to $25,000 in a forgivable “zero percent” second mortgage, depending on where the home is located and which option is selected. Additionally, Option D provides up to $4,000 in closing costs as well (see the chart to the right). This second mortgage is separate from and does not add to the primary mortgage. In fact, if the homebuyer remains in the home for a specified period of time, repayment of the second mortgage will not be required. However, if the buyer moves, refinances or sells the house before the Affordability Period has ended, a pro-rated portion of the assistance must be repaid. Homebuyers are also required to contribute a minimum of one percent towards the purchase transaction.
Where and What Can I Buy?
As the below map below indicates, DeKalb County has been divided into four “Tiers” based on priority. Homes purchased must be located within these Tiers. Homebuyers seeking assistance from Option D must purchase a home that is located within one of the six priority zip codes highlighted below, and also in Tier 1. If a buyer purchases a foreclosed home in one of these zip codes, up to $4,000 in additional assistance will be provided for allowable closing costs.
How Much is Available and In What Zones? See the chart below.
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