Georgia Dream Homeownership Program
Financial Assistance for Homebuyers in Georgia
All homebuyers who qualify for the program are eligible for down payment assistance of up to $5,000. To qualify for $7,500 in aid, borrowers can also apply for:
- Down Payment Assistance for Protectors
- Educators and Health Care Workers (PEN)
- Down Payment Assistance for Families with Disabilities (CHOICE)
To be eligible for the Georgia Dream program, applicants must be looking at a property in the targeted area, and not have owned a home in the past three years. They must meet the specific income and purchase price limits, have limited assets, and be able to invest a minimum of $1,000. Additionally, Homebuyer counseling is a requirement for all applicants of Georgia Dream Loans; borrowers must complete either a homebuyer workshop, or individual housing counseling sessions, or an online homebuyer education course via E-Home America.
Income Limits
The income and home sales price limits depend on the area where you purchase a home. If the property is in one of the counties listed below, your household income cannot be higher than $69,000 for one to two persons, or $79,500 for three or more persons, and the home sales price cannot exceed $250,000:
Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Heard, Henry, Jasper, Newton, Paulding, Pickens, Rockdale, Spalding, and Walton.
If your home is in a country not listed above, your household income cannot be higher than $59,500 for one to two persons, or $68,500 for three or more persons, and the home sales price cannot exceed $200,000.
Note: these figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.
Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
Down Payment Grants in Georgia
Augusta Homeownership Assistance Program
Augusta's Homeownership Assistance Program offsets the cost of upfront mortgage payments to help first-time homebuyers purchase a home in the Augusta-Richmond County.
Georgia Dream Homeownership Program
The Department of Community Affairs in Georgia helps residents in particular counties finance their new homes through the Georgia Dream Homeownership Program. The program helps homebuyers afford decent housing by providing them with down payment assistance.
Homestretch Down Payment Assistance Program
Down payment assistance funds are provided as a 5-year deferred payment loan with zero interest. As long as the homeowner remains the primary resident through the maturity date of the security deed, the lien is canceled and no payments are required.
Neighborhood Works Columbus
Neighborhood Works Columbus offers homebuyers a down payment assistance program that provides a set amount of money to qualified homebuyers to help them afford down payments on their homes.
Savannah Dream Maker Home Buyer Assistance Program
Savannah's Housing & Neighborhood Services Department offers different levels of down payment assistance to eligible applicants with the Dream Maker programs.
We DeKalb DPA Program
The Decide DeKalb Development Authority designed the WE DeKalb Program as an economic incentive to help employers in Atlanta attract and retain top talent by making homeownership in DeKalb County more affordable.
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