ReadyAssist – Your Path to Homeownership Made Simple and Affordable

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Welcome to ReadyAssist! At BankSouth Mortgage, we understand that one of the biggest hurdles to homeownership is the down payment. That’s why we’ve created ReadyAssist – a comprehensive suite of down payment assistance programs designed to help you achieve your dream of owning a home. Whether you’re a first-time home buyer or looking to move into a new home, ReadyAssist offers tailored solutions to meet your unique needs.

Why Choose ReadyAssist?

  • Comprehensive Assistance

    Access to a wide array of down payment assistance options, including government programs and BankSouth Mortgage initiatives.

  • Tailored Solutions

    Customized assistance plans that cater to your financial needs and homeownership goals.

  • Simplified Process

    Our mortgage experts guide you through every step, making the path to homeownership straightforward and stress-free.

  • Educational Resources

    Empower yourself with resources and education to make informed decisions about your home buying journey.

Our Programs

Chenoa Fund

  • Assistance: Provides down payment assistance to help eligible homebuyers cover upfront homebuying costs.
  • Eligibility: Available to qualified homebuyers using approved financing programs. Program guidelines apply. View the official Chenoa Fund program details.

Community Lending Program

  • Assistance: Designed to expand homeownership opportunities by providing assistance with upfront costs in eligible communities.
  • Eligibility: Property location and borrower eligibility requirements apply. Check property eligibility and program details.

Federal Home Loan Bank (FHLB) Programs

First-Time Homebuyer Program

  • Assistance: Provides grant funds to eligible first‑time homebuyers to help with down payment and closing costs, subject to program guidelines and funding availability.
  • Eligibility: Available to first‑time homebuyers meeting income requirements based on Area Median Income (AMI) through FHLB. View FHLB homebuyer programs.
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AlwaysReady Heroes Program

  • Assistance: Provides grant funds to eligible community heroes to help with down payment and closing costs, subject to program guidelines and funding availability.
  • Eligibility: Available to borrowers in qualifying professions who meet Area Median Income (AMI) requirements through FHLB. View FHLB homebuyer programs.

Workforce Housing Plus+

  • Assistance: Provides grant funds to eligible homebuyers to help with down payment and closing costs, subject to program guidelines and funding availability.

  • Eligibility: Available to homebuyers meeting Area Median Income (AMI) requirements through FHLB. View FHLB homebuyer programs.

Georgia Housing Programs

Atlanta Housing (AH)

Cobb County Down Payment Assistance

  • Assistance: Provides down payment assistance to eligible homebuyers. Additional assistance may be available for qualifying Cobb County employees.
  • Eligibility: Income limits, purchase requirements, and additional criteria apply. View the current Cobb County program guidelines.

Fulton County Homeownership Program (HOP)

Georgia Dream

  • Assistance: Provides down payment assistance options to help eligible homebuyers with upfront homebuying costs.
  • Eligibility: Designed for eligible first‑time and repeat homebuyers purchasing a primary residence in Georgia who meet income and purchase price requirements. View the current Georgia Dream program guidelines.

Peach Advantage Program

  • Assistance: Provides down payment assistance that is calculated based on the first mortgage loan amount.
  • Eligibility: Available to eligible homebuyers purchasing a primary residence in Georgia, including both first‑time and repeat buyers. Income limits and program requirements apply. View the current Peach Advantage program guidelines.

Peach Plus Program

  • Assistance: Provides down payment assistance options for eligible homebuyers to help with upfront homebuying costs.
  • Eligibility: Available to eligible homebuyers purchasing a primary residence in Georgia who meet income and purchase price requirements, including first‑time and repeat buyers. View the current Peach Plus program details.

Peach Select Veterans Assistance Program

  • Assistance: Offers specialized financing options designed to support eligible veterans and active‑duty service members.
  • Eligibility: Available to eligible veterans and active‑duty service members purchasing a primary residence in Georgia. Military service and program requirements apply. View the current Peach Select Veterans program details.

South Carolina Housing Programs

South Carolina Housing Homebuyer Program

  • Assistance: Down payment assistance is available to eligible homebuyers to help with upfront homebuying costs.
  • Eligibility: Designed for eligible first‑time and repeat homebuyers purchasing a primary residence in South Carolina who meet income and purchase price requirements. View the current SC Housing income and home price limits.

Palmetto Home Advantage Program

  • Assistance: Provides down payment assistance that is calculated based on the first mortgage loan amount.

  • Eligibility: Available to eligible first‑time and repeat homebuyers purchasing a primary residence in South Carolina. Income limits apply. View the current Palmetto Home Advantage income limits.

County First Initiative

  • Assistance: Down payment assistance is available to help eligible homebuyers with upfront homebuying costs.
  • Eligibility: Designed for eligible homebuyers purchasing in select South Carolina counties who meet SC Housing program requirements. View the current SC Housing income and home price limits.
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Palmetto Heroes Program

  • Assistance: Down payment assistance is available to help eligible homebuyers with upfront homebuying costs.
  • Eligibility: Available to eligible community service professionals, including teachers, nurses, law enforcement officers, correctional officers, firefighters, EMTs or paramedics, veterans, active‑duty military, and National Guard members purchasing a primary residence in South Carolina. Income limits apply. View the current SC Housing income and home price limits.
  • Note: Program availability is seasonal and may close when funding is fully reserved.

How It Works

Step 1: Contact Us
Reach out to our team to discuss your needs and eligibility.

Step 2: Explore Your Options
We’ll help you explore the different down payment assistance programs available.

Step 3: Get Started
Our mortgage experts will guide you through the application process, ensuring you have everything you need to move forward.

Step 4: Achieve Homeownership
With ReadyAssist, you’re one step closer to owning your dream home.

These programs are designed to promote homeownership in the Southeast. For detailed information and eligibility criteria, please contact your BankSouth Mortgage Loan Officer. Terms subject to change without notice.

Ready to Get Started?

Contact us today to learn more about ReadyAssist, apply for down payment assistance, and take the next step toward homeownership.

Take the First Step Today

Apply Now

With ReadyAssist, BankSouth Mortgage is here to support you with down payment assistance programs tailored to make your homeownership dreams a reality. Begin your journey today and experience the BankSouth Mortgage difference.

Experience Mortgage Excellence®

Contact Us

Telephone: (678) 551-7120
Toll Free: (833) 540-7120

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BankSouth Mortgage Company, LLC, NMLS #690971, is a wholly owned subsidiary of BankSouth, NMLS #688851, a federal savings bank and Member FDIC. BankSouth Mortgage Company, LLC, is not a bank or other depository institution and is not FDIC-insured. Alabama Consumer Credit License #MC 21415 DBA LoanSouth Mortgage.