Georgia Dream Homeownership Program.

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Do you dream of owning a home? DCA can help make your dream a reality!

Georgia Department of Community Affairs 60 Executive Park South, NE Atlanta, GA 30329-2231
Equal Housing Opportunity
dream Fulfilling the Dream of Homeownership

The Georgia Dream Homeownership Program has helped over 35,000 Georgians achieve the dream of homeownership by providing affordable first mortgage financing and down payment assistance.
Here's how we can help you...

The Georgia Dream Homeownership Program provides first time homebuyers with:

Georgia Dream First Mortgage Loan Financing
Low fixed interest rate, 30-35 year mortgages Up to 100% financing Flexible approval guidelines for Conventional, FHA, VA, or USDA-RD mortgage loans Interest Only, 35 Year First Mortgage (Affordable Advantage) Very low closing costs Involuntary unemployment, accidental disability, and accidental death and dismemberment insurance available

It's easy to qualify!

1) Your total annual household income cannot exceed the following limits based on the number of persons living in the home and the location of the home.



Household Size One or two persons Three or more persons

Total Household Income

Statewide Atlanta MSA*

$56,500

$67,000

$65,000

$77,000

* Atlanta MSA: 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, Walton

2) You must be a first time homebuyer or not have owned a home in the past three years, or purchase a home in a targeted area to qualify for first mortgage financing. See insert for a listing of targeted counties.

3) The purchase price of the home that will be financed by the Georgia Dream Program may not exceed the purchase price

limits below:



Statewide

$200,000



Atlanta MSA

$250,000

Visit our website at www.dcaloans.com or call 1-800-359-HOME(4663)
Rev. 3/07

Georgia Dream offers additional financing to help you with the various costs associated with purchasing your home.
Georgia Dream Second Mortgage Loan Financing
Eligible first time homebuyers may qualify for a Georgia Dream Second Mortgage loan for the down payment and closing costs associated with the purchase of their home. The Georgia Dream Second Mortgage financing must be used in conjunction with a Georgia Dream First Mortgage Loan (some exceptions apply).
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:
1) Meet the total household income guidelines for down payment and closing cost financing (see insert).
2) Contribute a minimum of $500 of their own funds towards the purchase transaction, and
3) Complete Home Buyer Education. A list of DCA's Homebuyer Education partners is included in the brochure. (Other Homebuyer Education agencies may be utilized.)
Georgi a Dream Second Mortgage Loan Amounts
STANDARD All eligible homebuyers $5,000 PEN Eligible homebuyers who are employed by entities that provide public protection (including the military), health care, or education. $7,500 EV Energy efficient and/or visitable homes that are certified to meet the Energy Star, EasyLiving Homecm or EarthCraft HouseTM program requirements. $7,500 CHOICE Households consisting of individuals with disabilities. $7,500 - $20,000 HONORS Eligible homebuyers who are the surviving spouse of a military serviceman or servicewoman or of a public protector. $10,000 WELCOME HOME Eligible members of Georgia's Army and Air National Guard who purchase a home in the State of Georgia. $10,000