Highlights

This program provides eligible first time hombuyers a Georgia Dream Second Mortgage loan for the downpayment and closing costs associated with the purchase of their home.

No interest

No monthly payments

No payment due until home is sold,refinanced or no longer used as the borrower's principal residence.

Eligible borrowers will:

Have a total annual household income that does not exceed the limits set forth by the Georgia Department of Community Affairs.

Contribute a minimum of $500 of their own funds towards the purchase

Complete a homebuyer education course

Those eligible would receive a minimum of $5,000 to be used in association with the new home purchase. Military,Healthcare,education,or those providing public protection may qualify for $7,500. Those with disabilities my be eligible for a higher amount as well.