Homeownership doesn’t have to feel out of reach.
In partnering with other organizations dedicated to making homeownership a reality for residents of our communities, Credit Union of Georgia is able to offer several options for down payment assistance. These mortgage loan programs are built with the goal of getting you into your dream home, regardless of financial or credit limitations.
FHA Loan
We partner with the Federal Housing Administration (FHA) to provide qualified members with this popular mortgage option. Ideal for first-time homebuyers, those with less-than-perfect credit, and low-to-moderate income borrowers, an FHA Loan offers a low down payment requirement and flexible qualifying guidelines.
Highlights:
- As low as 3.5% down payment
- Minimum credit score of 620
- Gift funds allowed for down payment and closing costs
- Available in 15 and 30-year fixed-rate options
- Refinancing option available
VA Loan
Members of our armed forces have made a commitment to serve our country and we are honored to be able to serve them by partnering with the U.S. Department of Veteran Affairs (VA) to provide qualified service members with a specialty mortgage loan built just for them and their families. To the veterans who have sacrificed for our country, you deserve a mortgage that requires as little as 0% down.
Highlights:
- Up to 100% financing for qualified veterans, active duty personnel, reservists, or surviving spouses
- Minimum credit score of 600
- Gift funds allowed for down payment and closing costs
- Available in 15 and 30-year fixed-rate options
- No monthly MI
- Refinancing option available
USDA Loan
If you are a borrower who is looking for a home in a more rural or suburban area instead of within the hustle and bustle of the city limits, a U.S. Department of Agriculture loan may be the perfect option for you. Qualified borrowers who may not be able to meet the typical 5%-20% down payment requirement could benefit from as little as 0% down with this loan option.
Highlights:
- As low as 0% down payment
- Minimum credit score of 620
- Gift funds allowed for down payment and closing costs
- 30-year fixed-rate option
First-Time Homebuyer Product
Our First-time Homebuyer Product, in partnership with FHLBank Atlanta, provides up to $17,500 in down-payment, closing-cost, and principal reduction assistance for qualified first-time homebuyers. Not only does this product help lower your up-front costs, but it can also help reduce your principal loan balance.
Highlights*:
- Maximum funding per household is $17,500 with required $1,000 buyer contribution
- Eligible properties include:
- Owner-occupied 1-4 family properties
- Townhomes and Condos
- Foreclosed properties
- Cooperatives
- Manufactured and Mobile Housing
- New Construction (within 45 days of closing)
Community Partners Product
Through our partnership with FHLBank Atlanta, we are thrilled to offer the Community Partners Product. This loan option provides up to $20,000 in home purchase assistance to current or retired law enforcement officers, educators, healthcare workers, firefighters, first responders, veterans, active-duty members of the military or their surviving spouse, and COVID-related essential workers. Funding is available to both first-time homebuyers and non-first-time homebuyers that meet product eligibility requirements.
Highlights*:
- Up to $20,000 in subsidy allowance with required $1,000 buyer contribution
- Funding available for owner-occupied homes
Get pre-qualified to get started.
Starting your homebuying journey with a mortgage pre-qualification will make the entire process easier. This quick, personalized assessment helps you estimate how much you may be eligible to borrow—giving you a clearer picture of your budget as you explore homes. It also helps your offers stand out by showing that you have already begun the home loan process and are well on your way to full approval. Your pre-qualification is valid for 90 days, giving you time to shop with confidence. Get started today with our fast, free application.
Voted Best of Georgia 2025 – Thank you for trusting us with your home financing journey.
