- Collection:
- Georgia Government Publications
- Serial:
- Second mortgage loan program. CHOICE / Georgia Dream Homeownership Program.
- Title:
- Second mortgage loan program. CHOICE / Georgia Dream Homeownership Program
- Creator:
- Georgia Dream Homeownership Program
- Contributor to Resource:
- Georgia. Department of Community Affairs
- Publisher:
- Atlanta, GA : Georgia Dept. of Community Affairs, 2005
- Date of Original:
- 2005
- Subject:
- Georgia Dream Homeownership Program
Mortgage loans--Georgia
People with disabilities--Housing--Georgia - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Title from caption
" ... to assist individuals with disabilities who dream of purchasing a home in their community." - External Identifiers:
- Call Number GA C495 .S1 S4 2005
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-bc495-b-ps1-bs4-b2005-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-bc495-b-ps1-bs4-b2005-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
Second Mortgage Loan Program
CHOICE
Consumer Home Ownership for Independence, Choice, and Empowerment
Purpose: The CHOICE Second Mortgage Loan Program will assist individuals with disabilities and/or households with disabled members who dream of purchasing a home in their community.
Who Qualifies? ...any one who meets the Georgia Dream Homeownership Program (GDHP) Second Mortgage guidelines and is disabled or has a disabled household member. Eligible documentation will include:
...to assist individuals with disabilities who dream of
purchasing a home in their community.
1. A Social Security Disability Determination Letter, or 2. A certified denial from SSI which states that a disability (impairment) exists but the
applicant is not income eligible for funds, or 3. Documentation from an acceptable medical source that indicates the existence of
an impairment listed on the Social Security Administration's website "Listing of Impairments", (www.ssa.gov/disablilty/professionals/bluebook/listingimpairments.htm), and 4. Evidence of dependent status (if applicable).
In addition, all Applicants must provide evidence that they have either:
1. Completed comprehensive individualized housing counseling from a DCA approved Housing Counseling Agency, or
2. completed comprehensive individualized housing counseling from HUD approved Housing Counseling Agency or a certified housing counselor
GEORGIA DEPARTMENT OF COMMUNITY
AFFAIRS (DCA)
60 Executive Park South, N.E. Atlanta, Georgia 30329
Brochure Line 404-679-4850 800-359-4663 www.dcaloans.com
How does the CHOICE program work? The CHOICE Second Mortgage Loan Program is based on the income level of the household and the location of the home to be purchased. Loan amounts under this program are as follows:
Total Qualifying Household Income
Loan Amount $7,500 $15,000 $20,000
Atlanta Area Counties* $30,000 and Over $20,000 - $29,999 Less than $20,000
Statewide $25,000 and Over $15,000 - $24,999 Less than $15,000
*Atlanta Area Counties: Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Spalding, Walton (Please note that this is not Atlanta
Metropolitan Statistical Areas)
What is the loan process? CHOICE applicants must work through GDHP network of participating lenders. Lenders will make the determination of the applicant's eligibility for this program based on the documentation provided by the applicant. Applicants are encouraged to pre-qualify for a mortgage loan prior to placing a contract on a home. Qualification for a mortgage will be based on traditional underwriting guidelines for a mortgage loan under the GDHP.
To obtain a copy of the GDHP brochure or to locate a Georgia Dream Program Participating Lender in your community contact us at 1-800-359-HOME (4663) or www.dcaloans.com
5/2/2005