Housing · Buying a home
Georgia Dream
Offered by Georgia DCA
About
About This Program
State home loan for first-time Georgia buyers, with down payment help of up to $10,000, or up to $12,500 for PEN and Choice buyers.
Eligibility
Who Can Apply
- 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
Area served: State of Georgia
The offer
What's Offered
- 30-year fixed-rate first mortgage at the Georgia Dream rate
- Standard down payment assistance: 5% of the purchase price, up to $10,000
- PEN and Choice down payment assistance: 6% of the purchase price, up to $12,500
- Down payment assistance is a 0% interest loan with no monthly payment
Amount: Down payment help of 5% of the price, up to $10,000 (6%, up to $12,500, for PEN and Choice)
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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Cobb County Down Payment Assistance
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