Georgia Dream Homeownership Program

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

The Georgia Dream Homeownership Program has helped over 83,000 Georgians achieve the dream of homeownership by providing affordable first mortgage financing and down payment assistance.
Here's how we can help you...
Georgia Dream First Mortgage Loan Financing

30 year low fixed interest rate mortgages Local lender approval for Conventional, FHA, USDA-RD or VA
mortgage loans Very low closing costs Involuntary unemployment, accidental disability, and accidental death
and dismemberment insurance available

It's easy to qualify!

1) 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.

2) If you purchase a home in the 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 or Walton Counties

Your total household income based on the number of persons living in the home can be no more than:

One to Two persons

$68,000

Three or more persons $78,000

You may qualify to purchase a home with a sales price of up to $250,000

3) If you purchase a home in any county in Georgia not listed in #2 above:

Your total household income based on the number of persons living in the home can be no more than:

One to Two persons

$58,000

Three or more persons $67,000

You may qualify to purchase a home with a sales price of up to $200,000.

Rev. 4/08

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.
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) Have a total annual household income that does not exceed the limits on the chart below based on the number of persons living in the home and the location of the home
2) Contribute a minimum of $500 of their own funds towards the purchase transaction, and
3) Complete Home Buyer Education with a DCA Home Buyer Education partner listed in this brochure or any HUD approved housing counseling agency. www.hud.gov

Georgia Dream Second Mortgage Loan Income Limits

County Statewide Banks Bibb, Crawford, Jones, Peach, Twiggs Bryan, Chatham, Effingham Glynn, Brantley, McIntosh Hall Houston Jackson Lumpkin Monroe Atlanta Area Counties*

1 Person 30,400 31,250 30,800 32,250 31,300 33,250 35,750 31,200 30,800 34,100 39,850

2 Person 34,750 35,700 35,200 36,900 35,800 38,000 40,900 35,650 35,200 38,950 45,550

3 Person 39,100 40,200 39,600 41,500 40,250 42,750 46,000 40,100 39,600 43,850 51,250

4 Person 43,450 44,650 44,000 46,100 44,700 47,500 51,100 44,550 44,000 48,700 56,950

5 Person 46,950 48,200 47,500 49,800 48,300 51,300 55,200 48,100 47,500 52,600 61,500

*Atlanta Area Counties: Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, Dekalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Heard, Henry, Jasper, Newton, Paulding, Pickens, Pike, Rockdale, Spalding, Walton. (Please note these counties are not the same as the Atlanta MSA)

Georgia 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
CHOICE Eligible homebuyers whose household includes an individual living with a disability $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
SIGNATURE COMMUNITY Eligible employees of local governments designated as Signature Communities $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
SINGLE FAMILY DEVELOPMENT Affordable homes constructed under this special development program $7,500 - $20,000

Appling Atkinson Bleckley Brooks Bulloch Burke Calhoun Charlton Chattooga Clay Clinch Coffee Colquitt Cook

Coweta Crawford Crisp Decatur Dodge Dooly Early Echols Elbert Emanuel Evans Fannin Grady Greene

Targeted Counties

Hancock Haralson Heard Irwin Jasper Jefferson Jenkins Johnson Lamar Laurens Lincoln Long Macon Marion

McDuffie McIntosh Meriwether Miller Mitchell Montgomery Morgan Newton Oglethorpe Peach Polk Pulaski Quitman Randolph

Schley Screven Stewart Sumter Talbot Taliaferro Tattnall Taylor Telfair Terrell Thomas Treutlen Turner Twiggs

Upson Ware Warren Washington Wayne Webster Wheeler Wilcox Wilkes Wilkinson Worth

Homebuyer Education Agencies

The Georgia Department of Community Affairs, through partnerships with a network of non-profits covering the state, provides Home Buyer Education to potential home owners. DCA supports the education of future home owners on the benefits and responsibilities of homeownership as a necessary and important part of the home buying process. The DCA website offers a detailed list of organizations and their service areas at www.dca.state.ga.us/housing/SFH/Hbed.pdf

ALBANY CCCS of Southwest Georgia** 229-883-0909/ 800-309-3358 www.cccsalbany.org
City of Albany Department of Community & Economic Development* 229-430-5283
AMERICUS City of Americus* 229-924-4411
ATHENS ACTION, Inc.* 706-546-8293
East Athens Development Corp. 706-208-0048*** www.eadcinc.com
Housing & Economic Leadership Partners** 706-549-5200
ATLANTA CCCS of Greater Atlanta*** 404-527-7630/866-255-2227 Spanish line 866-616-3716 www.cccsinc.org
The Atlanta Urban League*** 404-659-1150 www.atlul.org
The Center for Financial Independence & Innovation* 404-541-9005
Center for Pan Asian Services*** 770-936-0969
Cooperative Resource Center* 404-521-0406
The D & E Group* 770-961-6900 www.depower.org
DeKalb Metro Housing Counseling*** 404-508-0922
Family Community Housing Association* 404-246-3047
AUGUSTA CCCS of the CSRA** 706-736-2090 www.csraeoa.org

East Central Georgia Partners in Homeownership* 706-210-2785
CSRA EOA*** 706-722-0493
BRUNSWICK Totally Free, Inc.*** 912-265-1515
Southeast Georgia CDC*** (912) 261-1898
CARTERSVILLE Housing & Development Corporation of Bartow County* 770-382-1414 www.hdcofbartowco.org
CLARKESVILLE UGA Cooperative Extension 706-754-2318 www.fcs uga.edu/ext
COLUMBUS CCCS of West Georgia** 706-327-3239/ 800-757-2227
Neighborworks Columbus*** 706-324-4663 www.nwcolumbus.org
DALTON Dalton/Whitfield CDC** 706-281-4804
DUBLIN Dublin-Laurens County Community and Economic Development* 478-272-2450
DULUTH The Impact Group 678-808-4477
FORT VALLEY Fort Valley State University* 478-825-6954
GAINESVILLE Home Development Resources*** 770-297-1800
HINESVILLE City of Hinesville* 912-876-3164
JC Vision & Associates*** 912-877-4243 www.jcvision.com

GRIFFIN Affordable Housing Enterprises* 770-412-0595
LAGRANGE DASH of LaGrange*** 706-298-2408
MACON CCCS of Middle Georgia** 478-745-6197 www.cccsmacon.org
HomeFirst Housing Resource Services*** 478-803-2373
MARIETTA Housing Authority of Marietta* 770-419-3200
Cobb Housing** 770-429-4400
ROME Appalachian Housing Counseling Center* 706-378-9917
SAVANNAH CCCS of Savannah** 912-691-2227 www.cccssavannah.org
Neighborhood Improvement Association* 912-447-5577 www.niacdc.org
TIFTON ABAC Public Service & Business Outreach* 229-391-5070
THOMASVILLE RMI Ministries* 229-228-6888
VALDOSTA Valdosta-Lowndes Habitat for Humanity* 229-245-1330 www.valdostahabitat.org
A Home of My Own* 229-506-9395
WARNER ROBINS Middle Georgia CAA* 478-922-4464

* workshops ** counseling *** workshops & counseling
How do I apply?

1) Contact a Georgia Dream Participating Lender for pre-qualification and to begin the mortgage loan process.
2) Attend homebuyer education to learn more about buying and owning a home.
To locate a Participating Lender in your community or for additional information and current rates visit our website at www.dcaloans.com or call 1-800-359-HOME (4663).

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