Down Payment Assistance for Georgia Home Buyers

Saving up for a down payment can seem nearly impossible for low income home buyers. The Georgia Dream Homeownership Program was created to help buyers like you qualify for down payment assistance. GA Dream household income limits are set at $69,000 for families of up to two and $79,500 for families of three or more. The sales price of the home cannot exceed $250,000.

GA Dream provides $5,000 in down payment assistance to ALL eligible home buyers. Additionally, the program provides $7,500 in down payment assistance to families with disabled members, military, educators, health care professionals and first responders (EMT, Fire).

Qualifying for this program is simple! Your first step will be contacting a GA Dream qualified lender and requesting mortgage pre-approval. Your lender will inform you of your credit score. Your next step will be to fulfill the home buyer counseling requirements. Buyers with a credit score of 639 or below will attending a counseling seminar in person. Buyers with a credit score of 640 or above can complete the counseling requirement online. After you have completed the counseling requirement, you are ready to work with a real estate agent and find the perfect home.

The Georgia Dream Homeownership Program is suitable for first time buyers as well as repeat buyers. Buyers must contribute a minimum of $1,000 at closing.

Now, let’s review!

  • Step 1: Contact me for a referral to a GA Dream Qualified Lender
  • Step 2: Obtain mortgage pre-approval
  • Step 3: Complete the home buyer counseling requirement
  • Step 4: Allow me to help you find the perfect home and complete the closing process!

If you have any questions regarding the Georgia Dream Homeownership Program or the home buying process, please feel free to contact me. I look forward to serving you!

GA Dream Brochure

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something