Discover the
Georgia Dream
Homeownership
Program
The Georgia Dream Homeownership Program can
make it a reality! This program offers affordable
mort gages for eligible home buyers.
Georgia Dream loans* are available to:
Ever dream of
owning your
own home?
First-time home buyers,
Home buyers who have
not owned a home** in
the past three (3) years,
Those who purchase a
home in certain areas
(see map on page 5)
Have a household
income up to
the maximum
(see facing page)
Have liquid assets of
no more than $20,000
or 20% of the sales price
(whichever is greater)
Meet mortgage loan
credit requirements
OR
OR
WHO ALSO
Is the Georgia Dream program for me?
*Loans are 30-year fixed interest rate mortgages. Participating lenders give
credit approval for FHA, USDA-RD, VA or conventional eligible mortgage loans.
**Home buyers who have not had interest or ownership in a primary residence
in the last three years.
Household income
cannot exceed
Purchase price
cannot exceed
If you purchase in one of
these Georgia counties
Barrow, Bartow, Carroll,
Cherokee, Clayton, Cobb,
Coweta, Dawson, DeKalb,
Douglas, Fayette,
Forsyth, Fulton,
Gwinnett, Heard, Henry,
Jasper, Newton, Paulding,
Pickens, Pike, Rockdale,
Spalding or Walton
Any county not
listed above
$250,000
$200,000
1 or 2 persons:
$74,000
3 or more persons:
$84,500
1 or 2 persons:
$60,500
3 or more persons:
$69,500
NOTE: Income limits are subject to change. Please visit
www.GADream.com for current limits.
Maximum Household Income
& Home Sales Price
If so, you may qualify for $7,500 in
assistance through our PEN program.
Is a member of your family living
with a disability?
If so, you may qualify for $7,500 in
assistance through our CHOICE program.
Are you a public protector, educator,
health care provider or active military?
STANDARD
All eligible home buyers may
qualify for $5,000 in assistance.
PEN
CHOICE
A BORROWER
MUST
CONTRIBUTE A
MINIMUM OF
$1,000 TO THE
PURCHASE
Need help with your down payment?
Often the biggest obstacle to homeownership is being
able to afford the down payment. The Georgia Dream
Homeownership Program can help qualified borrowers
clear this hurdle!
DOWN PAYMENT LOAN OPTIONS
How do I get started?
Contact a Georgia Dream Participating Lender to
pre-qualify and begin the mortgage loan process.
Go to www.GADream.com to find a list of participating
lenders, or call 1-800-359-HOME (4663).
Georgia Dream borrowers must attend and complete
EITHER a home buyer education workshop, OR individual
housing counseling sessions, OR an online home buyer
education course through E-Home America.
Online Home Buyer Education may ONLY be completed
at www.ehomeamerica.org.
Workshops and counseling sessions must be completed
with a DCA or HUD approved housing counseling agency.
A list of HUD approved agencies is available at
www.hud.gov or call HUD’s interactive voice
system at 1-800-569-4287.
A list of DCA-certified housing counseling
agencies is available at www.GADream.com.
Home buyer
counseling is
required
for all Georgia
Dream
loans.
Online
Go to
www.GADream.com
By Phone
Call
1-800-359-HOME
In Person
Visit
a participating lender
Georgia Dream Targeted Areas
The Georgia Dream Homeownership Program is available
to eligible first time home buyers in all Georgia counties.
However, if you purchase a home in one of the targeted
counties shaded in green, or in a targeted census tract*,
you do not have to be a first-time home buyer.
*Check with a participating lender for a list of targeted census tracts.
How can we help you realize
the Georgia Dream?
?
?
?
The Georgia Department of Community Affairs is
committed to providing all persons with equal access
to its services, programs, activities, education and
employment opportunities regardless of race, color,
national origin, religion, gender, familial status, disability
or age. For reasonable accommodation, please
email [email protected].
FAIR HOUSING MONTH
April is
Rev. 7/2017
60 Executive Park South, NE
Atlanta, GA 30329-2231
www.dca.ga.gov
L E N D E R
