Home
Forms Library
Promissory Note for DPA

Promissory Note for DPA 2025

Promissory Note for DPA Preview on Page 1

Show details

4 out of 5

59 votes

The document is a Promissory Note for the Community HOME Investment Program by the Georgia Department of Community Affairs, outlining the terms of a loan provided to a borrower for down payment assistance. It defines key terms, specifies payment conditions based on events during an affordability period of six years, and details consequences for fraudulent transfers or misrepresentations. The note allows for prepayment without penalties and outlines costs associated with collection. It emphasizes that the borrower is liable for all sums due under this note.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to modify Promissory Note for DPA online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your documentation requires just a few simple clicks. Make these quick steps to modify the PDF Promissory Note for DPA online for free:

Register and log in to your account. Log in to the editor using your credentials or click Create free account to examine the tool’s features.
Add the Promissory Note for DPA for redacting. Click on the New Document option above, then drag and drop the file to the upload area, import it from the cloud, or using a link.
Alter your document. Make any changes needed: insert text and images to your Promissory Note for DPA, highlight important details, erase parts of content and replace them with new ones, and add icons, checkmarks, and areas for filling out.
Complete redacting the form. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is very easy to use and efficient. Try it now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can you use a promissory note to buy a house?

Acceptable payment methods include personal check, certified check and wire transfer.

Can a promissory note be used for earnest money?

Although most sellers are likely to require that earnest money be in the form of cash, check, or money order, they might also agree to accept a promissory note. The drawback for the seller is the possibility of having to file a lawsuit to collect on the note.

Is a promissory note acceptable as a down payment?

If the creditor for a deal that goes bad learns of a breach of this representation and warranty because of an open down payment loan when the RISC was assigned, it can claim that the RISC is a recourse instrument and demand that the dealer buy it back. So use of a promissory note for a down payment is not a good idea.

Can I write my own promissory note?

A simple promissory note might be for a lump sum repayment on a certain date. For example, lets say you lend your friend $1,000 and he agrees to repay you by December 1st. The full amount is due on that date, and there is no payment schedule involved.

What are the acceptable forms of earnest money?

Ha, no. Banks will loan money against accounts receivable and promissory notes, but that sort of thing requires underwriting and a fairly standard loan process. You cannot simply walk into a bank with a notarized promissory note, hand it over the counter, and get cash money in return.

Can a promissory note be used as earnest money?

Writing the promissory note terms You can use a template or create a promissory note online. But before you begin, youll need to gather some information and make decisions about the way the loan will be structured. First, youll need the names and addresses of both the lender (or payee) and the borrower.

Promissory Note for DPA 2025

Here's how it works

The best way to modify Promissory Note for DPA online

Complete this form in 5 minutes or less

Got questions?

Can you use a promissory note to buy a house?

Can a promissory note be used for earnest money?

Is a promissory note acceptable as a down payment?

Can I write my own promissory note?

What are the acceptable forms of earnest money?

Complete this form in 5 minutes or less

People also ask

Can a promissory note be used as earnest money?

Related links

Try more PDF tools

Promissory Note for DPA 2025

Here's how it works

The best way to modify Promissory Note for DPA online

Complete this form in 5 minutes or less

Got questions?

Can you use a promissory note to buy a house?

Can a promissory note be used for earnest money?

Is a promissory note acceptable as a down payment?

Can I write my own promissory note?

What are the acceptable forms of earnest money?

Related Searches

Related forms

Complete this form in 5 minutes or less

People also ask

Can a promissory note be used as earnest money?

Related links

Try more PDF tools