Housing · Buying a home
Georgia Dream CHOICE
Offered by Georgia DCA
About
About This Program
Georgia Dream down payment help of up to $12,500 for homebuyers with a family member living with a disability.
Eligibility
Who Can Apply
- A member of your family is living with a disability
- First-time homebuyer, or no ownership interest in a primary residence in the past 3 years, or buying in a targeted area
- Household income within the county limit (metro Atlanta: $137,555 for 1 to 2 people, $158,188 for 3 or more)
- Home price within the county limit (metro Atlanta: $625,000)
- Middle credit score of at least 640
- Liquid assets after closing of no more than $20,000 or 20% of the sales price, whichever is greater
- At least $1,000 of your own money or documented gift funds toward the purchase
- Complete homebuyer education from a HUD-approved housing counseling agency
- Approved by a Georgia Dream participating lender
- Download the Georgia Dream CHOICE Flyer https://dca.georgia.gov/document/brochures/pen-choice-flyer-ada/download
Area served: State of Georgia
The offer
What's Offered
- Down payment assistance of 6% of the purchase price, up to $12,500
- 0% interest second mortgage with no monthly payment
- Georgia Dream 30-year fixed-rate first mortgage
Amount: 6% of the purchase price, up to $12,500
Cost: Homebuyer education class: $50 to $100
Get ready
What You'll Need
Not provided yet.
Key dates
Dates
Keep exploring
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