GEORGIA DREAM PROGRAM
Homeownership Program
The Georgia Dream Homeownership Program
makes it possible with affordable mortgage financing for eligible home buyers.
Have you dreamed of owning your own home?
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 5)
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
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approval for FHA, USDA-RD, VA or conventional eligible mortgage loans.
Maximum Household Income & Home Sales Price
If you purchase a home in one of the following counties:
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
Total Household Income
can be no more than:
(based on the number of people living in the home)
1-2 persons 3+ persons
$69,000* $79,500*
If you purchase a home in a county not listed in the box to the left:
Total Household Income
can be no more than:
(based on the number of people living in the home)
1-2 persons $59,500* 3+ persons $68,500*
Home Sales Price
cannot exceed $250,000
Home Sales Price
cannot exceed $200,000
* Income limits are subject to change. Please visit www. gadream.com for the most recent brochure.
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Down Payment Assistance
Borrowers who qualify for the Georgia Dream Program benefit from down payment assistance.
The greatest hurdle for many prospective home buyers is the down payment.
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
The Borrower must:
contribute a minimum of $1,000 to the purchase transaction.
CHOICE Eligible home buyers whose household includes an individual living with a disability qualify for $7,500 3
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 1-800-359HOME (4663).
How Do I Apply?
Homebuyer counseling is required for ALL Georgia Dream Loans.
Borrowers must attend and complete either a homebuyer education workshop, OR individual housing counseling sessions, OR an online homebuyer education course through E-Home America.
Workshops and counseling sessions must be completed with a DCA or HUD approved housing counseling agency.
Online Home Buyer Education may be completed ONLY at www.ehomeamerica.org.
A list of HUD approved agencies is available at www.hud.gov or call HUD's interactive voice system at 1-800-569-4287.
A list of DCA agencies is available at www.gadream.com.
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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 on the
map below, or in a targeted
census tract in one of the
counties listed in the box below
the map, you do not have to be
Dade
Catoosa
Whitfield
Walker
Murray
Fannin Gilmer
Chattooga
Gordon
Pickens
Floyd
Bartow
Cherokee
Towns
Union
Rabun
Lumpkin
Dawson Forsyth
White Hall
Habersham
Stephens Franklin
Banks
Jackson Madison
a first time home buyer. Check with your lender for program guidelines.
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 hoochee
Taylor
Peach
Twiggs
Macon
Houston Bleckley
Laurens
Schley
Pulaski
Dodge
Emanuel
Treutlen
Candler
Bulloch
Montgomery
Evans
Effingham
Stewart
Webster Sumter
Quitman
Terrell
Lee
Randolph
Dooly Crisp
Wilcox
Wheeler Telfair
Turner
Ben Hill
Jeff Davis
Toombs Tattnall
Appling
Bryan
Liberty Long
Chatham
Clay Calhoun
Dougherty
Early Miller
Baker Mitchell
Worth Colquitt
Tift
Irwin
Coffee
Berrien
Atkinson
Cook
Lanier
Bacon Pierce
Wayne
Ware
Brantley
McIntosh Glynn
Seminole Decatur
Grady
Thomas
Brooks Lowndes
Clinch Echols
Charlton
Camden
Baldwin Bibb
Glynn Hall
Candler
Houston
The following counties are not Targeted but have some Targeted Census Tracts.
(Contact your lender for a list of targeted tracts in these counties.)
Carroll Chatham Clarke Clayton Cobb DeKalb Floyd Fulton
Jeff Davis Liberty Muscogee Richmond Seminole Spalding Troup
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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, email fairhousing@dca.ga.gov.
REV. 1/15
How can we help?
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Fulfilling the dream of Homeownership
60 Executive Park South, NE Atlanta, GA 30329 www.dca.ga.gov