Georgia Dream Down Payment Assistance Program
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Georgia's statewide down payment assistance program for low to moderate income families. The program currently provides down payment assistance between $10,000 to $12,500, based on the borrower's employment and income type. The minimum median credit score for the program is 640. Target counties do not require buyers be a first-time homebuyer.
Contact us to find out if you qualify.
Georgia Dream Down Payment Assistance is a program offered by the Georgia Department of Community Affairs (DCA) to help eligible homebuyers with their down payment and closing costs when purchasing a home. The program is designed to make homeownership more affordable and accessible for first-time homebuyers in the state of Georgia.
To qualify for the Georgia Dream Down Payment Assistance program, applicants must meet certain eligibility criteria, which may include:
- Being a first-time homebuyer or not having owned a home in the past three years.
- Meeting certain income limits.
- Completing a homebuyer education course.
- Using an approved lender and loan type.
The program provides financial assistance in the form of a second mortgage that can be used towards the down payment and closing costs associated with purchasing a home. The amount of assistance available and the specific terms of the second mortgage vary depending on the applicant's income and other factors.