Down payment assistance from the State of Georgia

Yes, you read it correctly. We can get you up to $7,500 to be used for down payment and closing costs on homes with sales prices over $150,000 in Georgia. Under that and you can get up to $5,000. Unlike other down payment programs the buyer does not need to be a first time home buyer. If you search the Georgia Dream lenders on Georgia DCA you will see my team members make up 6 of the top loan officers and 3 of the top 4. We understand Georgia Dream!

As a reward for higher credit scores and to encourage savings, eligible borrowers will:

1) Have a total annual household income that does not exceed the Georgia Dream First Mortgage Loan Financing Limits below

2) May retain cash assets up to the greater of $20,000 or 20% of the purchase price

3) Contribute a minimum of $1,000 of borrower funds to the purchase transaction.

$5,000 if sales price is $150,000 or less

$7,500 if sales price is greater than $150,000

If the home is located in one of the following Georgia counties:

Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, Dekalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Newton, Paulding, Pickens, Pike, Rockdale, Spalding or Walton Counties

Your total household income based on the number of persons living in the home can be no more than:

One to Two persons $71,000

Three or more persons $82,000

Buyers must have middle credit scores of 660 or higher. Buyers must contribute $1000 of their own funds.

As always don't think just because these few numbers are published here these are all the answers. The very best thing to do is click the "Call Me" button below and the computer will call me and connect me with the phone number you enter. Only a short interview will usually determine if this is the best home mortgage loan for you.

Loan rates are not determined by the lender but are set by Georgia DCA.