Have You Dreamed Of Owning Your Own Home? The Georgia Dream Homeownership Program ...with affordable first mortgage financing and down payment assistance for eligible home buyers. AFFORDABLE FIRST MORTGAGE LOANS 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 (please see map on page 4) WHO ALSO: have household incomes below the maximum (please see schedule on page 2) 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. Maximum Household Income Home Sales Price Metropolitan Statistical Areas If you purchase a home in Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Heard, Henry, Houston, Jasper, 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 Three or more persons $69,000 * $79,500 * The sales price of the home cannot exceed $250,000 All Georgia counties not listed in the Metropolitan Statistical Areas above If you purchase a home in a county not listed above, your total household income (based on the number of people living in the home) can be no more than: One to two persons Three or more persons $59,500 * $68,500 * The sales price of the home cannot exceed $200,000 * Income limits are subject to change. Please visit www.gadream.com for the most recent brochure. Down Payment Assistance 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 STANDARD All eligible home buyers qualify for $5,000 PEN Eligible home buyers who are employed in qualified public protection, military, health care or education qualify for $7,500 CHOICE Eligible home buyers whose household includes an individual living with a disability qualify for $7,500 How Do I Apply? Contact Contact a Georgia Dream Participating Lender for pre-qualification and to begin the mortgage loan process. A list of lenders can be found at www.GAdream.com or by calling 1-800-359-HOME (4663). Complete Complete individual credit counseling to learn more about buying a home and to make sure the home you choose is within your budget. See the guidelines on page 5 of this brochure. The Georgia Dream Homeownership Program is available to eligible first time home buyers in all Georgia counties. However, if you purchase a home in one of 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. Dade Catoosa Walker Whitfield Murray Fannin Gilmer Chattooga Gordon Pickens Floyd Bartow Cherokee Towns Union Rabun Lumpkin Dawson Forsyth White Hall Habersham Stephens Franklin Banks Jackson Madison Hart Elbert Polk Haralson Carroll Cobb Paulding Gwinnett Barrow Douglas Fulton DeKalb Walton Rockdale Coweta Clayton Henry Fayette Newton Jasper Clarke Oglethorpe Oconee Wilkes Lincoln Greene Morgan Putnam Taliaferro Warren McDuffie Columbia Richmond Heard Spalding Butts Hancock Glascock Troup Pike Meriwether Lamar Jones Baldwin Jefferson Burke Harris Upson Talbot Monroe Bibb Crawford Washington Wilkinson Johnson Jenkins Screven Muscogee Chatta- Marion Taylor Peach Twiggs Macon Houston Bleckley Laurens Emanuel Treutlen Candler Bulloch Effingham hoochee Schley Pulaski Dodge Montgomery Evans Stewart Webster Sumter Quitman Terrell Lee Randolph Dooly Crisp Wilcox Wheeler Telfair Jeff Turner Ben Hill Davis Toombs Tattnall Appling Bryan Liberty Long Chatham Clay Calhoun Dougherty Early Miller Baker Mitchell Worth Colquitt Seminole Decatur Grady Thomas Tift Irwin Coffee Berrien Atkinson Cook Lanier Bacon Pierce Wayne Ware Brantley McIntosh Glynn Brooks Clinch Charlton Camden Lowndes Echols Non -Targeted Areas Targeted Areas First time home buyer rule does not apply Counties with Targeted Census Tracts Baldwin Bibb Candler Carroll Chatham Clarke Clayton Cobb DeKalb Floyd Fulton Glynn Hall Houston Jeff Davis Liberty Muscogee Richmond Seminole Spalding Troup 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 www.hud.gov/georgia. 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 www.ehomeamerica.org/dca ALBANY CCCS of Southwest Georgia 409 N Jackson Street Albany, Georgia 31702-0084 800-309-3358 / 229-883-0909 ATHENS Athens Land Trust Housing Counseling 685 N. Pope Street Athens, Georgia. 30601 706-613-0122 East Athens Development Corporation 410 McKinley Drive Athens, Georgia. 30601 706-208-0048 Hancock CDC 300 Henderson Extension Athens, GA 30601 706-546-1154 ATLANTA Fulton County Dept. of Housing and Community Development 137 Peachtree Street Atlanta, Georgia 30344 404-612-3024 H.O.P.E. Through Divine Intervention 385 Holly Street, NW Atlanta, GA 30318 404-748-4375 AUGUSTA Women Watch Afrika 9 Gammon Avenue, SE Atlanta, GA 30315 404-759-6419 Bilingual counselors (Amharic, Arabic, Afghani, French, Bhutanese, Swahili, and Somali) CSRA EOA 1761 Broad Street Augusta, Georgia 30904 706-364-6548 BLAKELY Early County CDC 1259 South Main Street Blakely, GA 39823 229-724-7552 BRUNSWICK Totally Free, Inc. 2517 Norwich Street Brunswick, Georgia 31520 912-265-1515 COLUMBUS CCCS of West Georgia 1350 15th Avenue Columbus, Georgia 31902 800-757-2227 / 706-327-3239 DECATUR Dekalb Metro Housing Counseling Center 4151 Memorial Drive, Suite 207B Decatur, Georgia 30032 404-508-0922 FOREST PARK D & E Group 4532 Jonesboro Road, 2nd Floor Forest Park, Georgia 30297 (770) 961-6900 Bilingual counselors (Spanish) FORT VALLEY Fort Valley State University Cooperative Extension 1005 State University Drive Fort Valley, GA 31030 478-825-6577 HINESVILLE JC Vision and Associates 135 E. Martin Luther King Jr. Drive, Suite C Hinesville, Georgia 31313 912-877-4243 SAVANNAH Consumer Credit Counseling Service of Savannah 7505 Waters Avenue, Suite C-11 Savannah, Georgia 31406 912-691-2227 / 1-800-821-4040 Bilingual Counselors (Spanish) VALDOSTA Valdosta-Lowndes County Habitat for Humanity 2010 E. Cypress Street Valdosta, GA 31601 229-245-1330 South Georgia Partnership to End Homelessness 601 N. Lee Street Valdosta, GA 31601 229-293-7301 JONESBORO National Housing Counseling Agency 120 N. McDonough Street Jonesboro, GA 30236 770-954-0335 WASHINGTON City of Washington 102 E. Liberty Street Washington, GA 30673 706-678-3277 LAGRANGE DASH for LaGrange 1200 4th Avenue LaGrange, GA 30204 706-298-0221 Bilingual counselors (Spanish) WINDER Housing Authority of the City of Winder 11 Horton Street Winder, GA 30666 770-867-7495 MACON HomeFirst Housing Resources 682 Cherry Street, Suite 103 Macon, Georgia 31201 478-803-2373 The Georgia Department of Community Affairs is committed to providing all persons with equal access to its services, programs, activities, education, and employment regardless of race, color, national origin, religion, sex, familial status, disability, or age. For a reasonable accommodation, please contact Angela Gregory at (404) 679-4847 or fairhousing@dca.ga.gov. REV. 7/13 Fullfilling the dream of HOMEOWNERSHIP