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Georgia Dream Second Mortgage Program Standard Loan

by Floyd Brooks Last Modified: December 22, 2021

Georgia-Dream-first-time-home-owner-program

The Georgia Dream downpayment assistance, 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 transfered.

Eligibility

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.

See a list of programs you may qualify for based on where you plan to purchase.

Get downpayment assistance programs sent to you now!

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

Learn More

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