Cobb County Down Payment Assistance Program
ADMINISTRATOR GUIDELINES ![]() |
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PARTICIPATING LENDERS ![]() |
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PROGRAM FUNDS |
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LOAN TIME LINE REQUIREMENTS |
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ELIGIBLE AREAS |
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ELIGIBILITY CRITERIA |
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ELIGIBLE LOAN TYPES |
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AVAILABLE DOWN PAYMENT ASSISTANCE |
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LIMITS:
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HOME BUYER EDUCATION |
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FICO SCORE & CREDIT REQUIREMENT |
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CO-SIGNERS |
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LENDER PARTICIPATION |
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FORMS AND DOCUMENTATION |
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THE MASTER SERVICER |
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Current Rate/Offerings – Reservation/locks – AVAILABLE from 10:00am-8:00pm EDT excluding weekends & holidays
Rate/Offerings | FICO | DPA | Lock Rate |
Government | |||
FHA, VA |
660 |
0% | 6.625% |
1% | 7.125% | ||
2% | n/a | ||
Freddie Mac HFA Advantage | |||
Freddie Mac 80% AMI |
640 | 0% | 6.750% |
1% | 7.250% | ||
2% | n/a | ||
Freddie Mac Over 80% AMI | 640 | 0% | 6.875% |
1% | 7.375% | ||
2% | n/a |
- Term: 30 Year Fixed Rate
- Assistance is automatically calculated on the Final Loan Amount (Grant)
- Various levels as per above chart.
- Lender up fronts. US Bank will reimburse at purchase