Georgia Dream Home Loan

Financing your first home can be challenging.  If you have the ability to put downGeorgia Dream Logo3.5% down payment? One option would be to check into the Georgia Dream down payment assistance program offered by the Department of Community Affairs a minimum of 3.5% and can qualify for an FHA mortgage then you are on your way to buying your next house!

So what are your options if you can not put down the 3.5%. The Georgia Dream makes it possible to own your own home with affordable first time mortgages, financing and down payment assistance for qualified buyers.


It is so easy to qualify! Georgia Dream Loans are available to:
• first-time home buyers
• those who have not owned a home in the past three years
• those who purchase a home in targeted areas


• have household incomes below the maximum
• have liquid assets no more than $20,000 or 20% of the sales price (whichever
is greater)
• meet mortgage loan credit requirements
The loans are 30 year, fixed interest rate mortgages. Local lenders give credit
approval for FHA, USDA-RD, VA or conventional uninsured mortgage loans.

Georgia Dream Homeownership Qualifications

Maximum Household Income

Home Sales Price Within the Atlanta Metropolitan Statistical Area If you purchase a home in Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Newton, Paulding, Pickens, Pike, Rockdale, Spalding or Walton Counties, your total household income (based on the number of people living in the home) can be no more than:

• One to two persons $69,000
• Three or more persons $79,500

The sales price of the home cannot exceed $250,000

Outside the Atlanta Metropolitan Statistical Area

If you purchase a home in a county not listed in the Atlanta MSA above, your total household income (based on the number of people living in the home) can be no more than:

• One to two persons $59,500
• Three or more persons $68,500

The sales price of the home cannot exceed $200,000

The greatest hurdle for many prospective home buyers is the down payment. Borrowers who qualify for Georgia Dream First Mortgage Loans also qualify for down payment assistance.

The borrower must…
• use the loan in conjunction with a Georgia Dream First Mortgage Loan
• complete individual credit counseling as per the guidelines on page 5 of
this brochure and provide a certificate of completion
• contribute a minimum of $1,000 to the purchase transaction

Down Payment Loan Options


All eligible first time home buyers qualify for $5,000

Eligible first time home buyers who are employed in qualified public protection, military, health care or education qualify for $7,500

Eligible home buyers whose household includes an individual living with a disability qualify for $7,500

Eligible home buyers who are employed by local governments in participating Co-Op communities qualify for $7,500

Contact - Brand Mortgage is West Atlanta Real Estate's Participating Lender - 770-402-5600

Contact a Georgia Dream Participating Lender for pre-qualification and to begin the mortgage loan process.

Complete Credit Counseling Complete

Complete individual credit counseling to learn more about buying a home and to make sure the home you choose is within your budget.


The Georgia Dream Homeownership Program is available to eligible first time home buyers in all Georgia counties. However, if you purchase a home in oneof the targeted areas shaded in green below, or in a targeted census tract in one of the counties listed below the map, the first time home buyer rule does not apply. Check with your lender for program guidelines.Home Buyer Education Home Buyer Counseling is required for ALL GEORGIA DREAM LOANS. Borrowers with low middle credit scores of 620-639 must complete individual credit counseling or attend a home buyer workshop provided by a DCA or HUD approved agency. DCA funded agencies are listed below. A list of HUD approved agencies is available at

Borrowers with low middle credit scores of 640 or higher may choose to complete individual credit counseling, attend a home buyer education workshop or complete home buyer education online at

Georgia Dream Targeted Counties

What is the Georgia Dream Program?

Who qualifies for a Georgia Dream Loan?


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