• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Brooks

Atlanta Homes for Sale: Atlanta, GA Real Estate | Brooks

  • Sellers
    • HomeValues
    • Guaranteed Offer
    • List Your Home
    • Sell
      • Home Selling Guide
      • Home Improvement
  • Search
    • Cities & Counties
    • School District
    • Neighborhoods
    • Distressed Properties
    • Zip Code Guide
    • Lofts
    • Condos
  • Buyers
    • Buy With Brooks
    • Home Buying Guide
    • Sell With Brooks
    • Search Homes
  • blog
  • Things to do
  • Contact Us

Georgia Dream First Time Buyer Assistance Program PEN

by Floyd Brooks Last Modified: February 6, 2023

Georgia-dream-police-teachers-nurses-downpayment-assistance

The Georgia Dream downpayment assistance for protectors, educators, and nurses, zero interest, the loan is a way for the state to help first-time homebuyers who meet certain income criteria.

This is a zero-interest loan and the money will have to be paid back if the property is sold or transferred.

Eligibility

Protectors, Educators & Nurses (PEN) — or work for these industries or active military.

First-Time Home Buyers, OR

Homebuyers who have not owned a home in the past three years, OR

Those who purchase a home in certain areas

Household income cannot exceed: 

1 or 2 persons: $84,000

3 or more persons: $96,000

Benefits

No Interest

No monthly payments

Funds can be used for downpayment, closing costs, prepaid and principal reduction

Maximum Amount

$7,500

Drawback

The money will have to be paid back when the house is sold or transferred.

It will be very difficult to find houses within these price ranges in today’s market.

Get downpayment assistance programs sent to you now!

Click on the link below to get a list of downpayment resources

Learn More

Share this:

  • Twitter
  • Facebook

Related

Reader Interactions

Leave a Reply Cancel reply

Footer

Services

  • Sell Your Home
  • Buy A Home
  • Buy Land
  • Home Valuation
  • Rent A Home

Company

  • About Us
  • Contact
  • FAQ
  • Social Media

© 2023 · Floyd Brooks Real Estate-Strong Tower Realty. All Rights Reserved. The contents on this site are for entertainment purposes. Any purchases made from a link on this site may provide affiliate revenue for the publishers.