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.

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Georgia Dream Homeownership Program

Financial Assistance for Homebuyers in Georgia

Georgia's Department of Community Affairs helps residents in particular counties finance their new homes through the Georgia Dream Homeownership Program. Along with first mortgage loans and homebuyer education, the program helps homebuyers afford decent housing by providing them with down payment assistance.

All homebuyers who qualify for the program are eligible for down payment assistance of up to $5,000. ‚ÄčTo 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)
Eligibility Requirements
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 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 Grants in Georgia

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.

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. 

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