Georgia Dream Home Ownership Program [July 2009]

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mortgage financing and down payment assistance.
4 . r Here's how we can help you..

Geomia Dream FirstMortaageLoanFinancing

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30 year low fixed interest rate mortgages * Local lender approvalfor FHA, USDA-RD, VA or conventional mortgage loans Very low closing ,costs
It's easy to qualify1
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-, Clay.ton, .
Cobb, coweta, ~awson~, ekalbD, ouglas, 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 $71,000 Three or more persons $82,000
You may qualify to purchasea homewith a sales priceof up to $250,000
3) If you purchasea 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 $61,000 Three or more persons $70,000
You may qualify to purchase a homewith a sales price of up to $200,000.

Rev. 9/09

Targeted Areas

The Georgia Dream Homeownership Program is available to eligible first time home buyers in all counties of Georgia. However, if you purchase a home in one of the targeted areas listed below the first time home buyer rule may not apply. Check with your lender for program guidelines.

Targeted Counties

Appling

Coffee

Atkinson

Colquitt

Bacon

Cook

Baker

Coweta

Ben Hill

Crawford

Berrien

Crisp

Bleckley

Decatur

Brantley

Dodge

Brooks

Dooly

Bulloch

Dougherty

Burke

Early

Calhoun

Echols

Charlton

Elbert

Chattooga Emanuel

Clay

Evans

Clinch

Fannin

Grady Greene Hancock Haralson Heard Irwin Jasper Jefferson Jenkins Johnson Lamar Lanier Laurens Lincoln Long Lowndes

Macon Marion McDuffie Mclntosh Meriwether Miller Mitchell Montgomery Morgan Newton Oglethorpe Peach Pierce Polk Pulaski Quitman

Randolph Schley Screven Stewart Sumter Talbot Taliaferro Tattnall Taylor Telfair Terrell Thomas Tift Toombs Treutlen Turner

Twiggs Upson Ware Warren Washington Wayne Webster Wheeler Wilcox Wilkes Wilkinson Worth

Counties with Targeted Census Tracts

Bacon

Carroll

Baldwin County

Clayton

Ben Hill

Cobb

Bibb

DeKalb

Candler

Dougherty

Chatham County

Floyd

Clarke

Fulton

Glynn Hall Houston County Jeff Davis Liberty Lowndes Muscogee

Richmond Seminole Spalding Tift Toombs Troup

Counties Designated as Targeted until January 2010 due to storm damage

Berrien

Decatur

Miller

Wheeler

Brantley

Dougherty

Mitchell

Worth

Brooks

Echols

Pierce

Coffee

Lanier

Tift

Colquitt

Lowndes

Ware

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now ao I apply-!

1) Contact a Georgia Dream ParticipatingLender for pre-qualificationand to beginthe 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 informationand current rates
visit our website at www.dcaloans.com or call I-800-359-HOME (4663).

Georgia Dream offers various down payment financing options to help you

with the costs associated with purchasingyour home.

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Georgia Dream Second Mortgage Loan Financing

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Georgia Dream Second Mortgage financing must be used in conjunction with a Georgia Dream First Mortgage Loan.
Eligible borrowerswill:

I ) Havea total annual householdincomethat does not exceed the limits for the applicable program based on the number of persons living in the home and the locationof the home

2) Complete Home Buyer Education with a

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DCA Home Buyer Education partner listed in

this brochure or any HUD approved housing

counseling agency. www.hud.gov

3) Meet the guidelines of the applicable program

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Loan Income Limits for Down Payment Options

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County
Statewide Banks, Camden Bibb, Crawford, Jones, Peach, Twiggs Brantley, Butts, Glynn, Mclntosh Bryan, Chatham, Effingham Burke, Columbia, McDuffie, Richmond Catoosa, Dade, Walker Clarke, Madison, Oconee, Oglethorpe Hall Houston Jackson Lamar Lumpkin Monroe Morgan Atlanta Area Counties*

1 person
30050 31250 30800 31300 33050 31100 31450 31650 33400 36800 31900 30250 32200 35650 32050 40150

2 persons
34350 35700 35200 35800 37750 35500 35900 36150 38150 42050 36500 34550 36800 40750 36600 45900

3 persons
38650 40200 39600 40250 42500 39950 40400 40700 42950 47300 41050 38900 41400 45850 41200 51600

4 persons
42950 44650 44000 44700 47200 44400 44900 45200 47700 52550 45600 43200 46000 50950 45750 57350

5 persons
46400 48200 47500 48300 51000 47950 48500 48800 51500 56750 49250 46650 49700 55050 49400 61950

'AtlantaArea Counties:Banow, 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)

Down Payment Options
Eligl~leborrowers may choosefrom these loan programsfor assistancewith down payment, and closing costs associated with purchasing a home. These second mortgage loans offer:
No interest No monthly payments Nopaymentdue untilhomeis sold, refinancedor no longerused asthe borrower's principalresidence.
Eligible borrowers will: 1) Have a total annual household income that does not exceed the limits on the chart on the facing
page based on the number of persons living in the home and the location of the home 2) Contributea minimumof $500 of their own funds towards the purchasetransaction
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.

CHOICE

Eligible homebuyers whose household includes an individual living with a disability

Loan Amount Atlanta MSA Income Limit Statewide Income Limit

$7,500

$30,000 and over*

$25,000 and over*

$10,000

Less than $29,999

Less than $24,999

*Maximum income and sale price limits apply

SIGNATURE COMMUNITY
Eligible employees of local governments designated as Signature Communities $7,500

SINGLE FAMILY DEVELOPMENT
Affordable homes constructed under this special development program
$7,500 - $20,000

HOUSING CHOICE VOUCHER
In addition to the down payment programsabove, eligible participants in the RentalAssistance program may use the value of their voucher for a portion of a monthly home mortgage payment.

Homebuyer Education Agencies
The following organizations provide one on one home buyer counseling andlor home buyer education seminars under contract with DCA. Other providers of home buyer education may be used. A list of HUD approved counseling agencies is available at www.hud.gov.

ALBANY CCCS of Southwest Georgia** 229-883-09091 800-309-3358 www.cccsalbany.org
City of Albany Departmentof Community & Economic Development* 229-430-5283
ATHENS ACTION, Inc.* 706-546-8293
Athens Land Trust* 706-613-0122 www.athenslandtrust.org
East Athens Development Corp. 706-208-0048* www.eadcinc.com
Hancock CDC'** 706-546-1154
ATLANTA Atlanta Co-op* 404-627-5920
The Atlanta Urban League* 404-659-1150 www.atlul.org
Reynoldstown Revitalization Corp.* 404.525.4130 www.rrc-atl.org
SUMMECH* 404-527-5456
AUGUSTA CCCS of the CSRA*' 706-736-2090 www.cccsaugusta.org
East Central Georgia Partnership* 706-364-7842

CSRA EOA*** 706-722-0493
BLAKELY Early County CDC* 229-724-7552
BRUNSWICK Coastal GA CAA* 912-264-3281
Totally Free, Inc.*** 912-265-1515
CARTERSVILLE Housing & Development Corporation of Bartow County* 770-382-1414 www.hdcofbartoww.org
COLUMBUS CCCS of West Georgia*** 706-327-32391 800-757-2227
Neighborworks Columbus*** 706-324-4663 www.nwcolumbus.org
Urban League of Greater Columbus* 706-323-3687
CORDELE Southwest GA United EmpowermentZone* 229-268-7592
DALTON DaltonlWhiffieldCDC** SpanishlBilingual Counselors 706-281-4804
DARIEN Mclntosh Sustainable and Economic Development (SEED)* 912-437-7821

'workshops "counseling '"workshops & counseling REV. 7/09