Mercer University Employee Down Payment Assistance (Beall's Hill)
Mercer University
17% of the purchase price, up to $10,000, for full-time Mercer employees buying a new or substantially rehabilitated home in the Beall's Hill neighborhood of Macon; repaid obligation is satisfied over 5 years of ownership and occupancy.
Assistance
Advertises lesser of 17% or $10,000
- 17% of the purchase price, up to $10,000
Secured by a zero-interest Retention Agreement; one-fifth of the repayment obligation is satisfied each year of ownership and occupancy over 5 years.
Assistance is subject to program, lender, funding, and transaction requirements.
Freshness
Last verified: September 29, 2026
Effective date: Not published
Funding: Funding status could not be independently verified.
Published requirements
Requirements not listed here are not on file and must be confirmed.
- Employees of Mercer University only: Full-time Mercer University employees.
See exact policy language
“The Program is a benefit made available to full-time Mercer employees.”
Program Criteria - Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Must be your primary residence
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“the home will only be used as a single family, owner-occupied residence”
Program Criteria - Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Location: Beall's Hill, Macon, only within Bibb County
- Income limits: Unknown — verify with the applicable lender or program administrator.
- Purchase-price limits: Unknown — verify with the applicable lender or program administrator.
- Property types: Newly constructed and never occupied, or substantially rehabilitated.
Every rule, in the program’s own words
Each rule HomeStack applies to this program, with the exact passage from the official document and a link that opens the document at that passage. HomeStack re-checks every quote against the live document.
- Assistance — 17% of the purchase price, up to $10,000
See exact policy language
“The amount of the assistance is seventeen per cent (17%) of the purchase price of the completed home, up to a maximum of ten thousand dollars ($10,000).”
Program Criteria - Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Repayment terms
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“This repayment obligation may be satisfied through continuous ownership and occupancy of the property over a period of five years (one-fifth of the repayment obligation being satisfied annually on the anniversary date of closing.)”
Program Criteria - Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Eligible employers
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“The Program is a benefit made available to full-time Mercer employees.”
Program Criteria - Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Owner occupancy
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“the home will only be used as a single family, owner-occupied residence”
Program Criteria - Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Eligible location
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“Currently, the University’s Down Payment Assistance program is directed exclusively to the revitalization of Beall’s Hill.”
Program Criteria - Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Eligible location
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“The program is designed to encourage Mercerians to participate in revitalization of the historic Beall’s Hill neighborhood adjacent to the Macon campus.”
Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Property rules
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“Newly constructed and never occupied, or”
Program Criteria - Down Payment Assistance Program — Mercer UniversityOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text.
Official contacts
No official contact information on file.
Participating lenders: confirm with the administrator. Housing counselors: HUD counselor search.
Official source
HomeStack provides research and estimates based on available program criteria. It does not provide mortgage approval, underwriting, financial advice, or a guarantee of eligibility, funding, or loan terms. Final eligibility must be confirmed by the applicable lender or program administrator.