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Georgia Dream
Ever dream of owning your own home? The Georgia Dream can make it happen. This program offers affordable financing options, down payment assistance, and homebuyer education to eligible buyers. Don’t let the fear of a large down payment prevent you from becoming a homeowner.
Georgia Dream is a 30-year fixed interest rate mortgage featuring:
- Affordable financing options
- Down payment assistance with a minimum $1,000 borrower contribution
- Homebuyer education
- 640 minimum credit score
- Maximum amount of liquid assets is $20,000 OR 20% of sale price (whichever is greater)
- Georgia Dream is offered in conjunction with: FHA, VA (for eligible veterans), USDA/RD, and Conventional
- Max loan amount is $275,000 | Except counties listed below allow Max loan amount of $325,000
Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Heard, Henry, Jasper, Newton, Paulding, Pickens, Pike, Rockdale, Spalding or Walton
Is GA Dream right for you?
If you’re a first-time homebuyer or interested in buying a home located in the state of Georgia, you may qualify for the Georgia Dream program. Borrowers are eligible if they are either:
- A first-time homebuyer
- A homebuyer who has not had interest or ownership in a primary residence in the last three years, or
- A homebuyer who is purchasing a home in one of the program’s designated “target areas”
If you meet one of the above benchmarks, you may qualify for the Georgia Dream program if you also meet the minimum credit score, household income limits and liquid asset requirements as described above.
Down Payment Assistance
The Georgia Dream program is designed to help borrowers overcome the common obstacle of not having enough money to apply towards a down payment. After contributing a minimum of $1,000 towards the purchase of the home, borrowers may be eligible for one of three down payment options:
- First-time homebuyers may qualify for the Standard option of $7,500.
- Borrowers who are actively serving in one of the U.S. Armed Forces, are public protectors, educators, healthcare providers, or who work for these industries may qualify for the PEN option of $10,000.
- Borrowers who have a family member with a disability living with them may qualify for the Choice option of $10,000.
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