Georgia Dream First Mortgage Loan Financing
30 Year Fixed Rate Mortgage
- Conventional, FHA, USDA-RD, or VA programs available
- Up to 100% financing (Additional household income restrictions apply)
Georgia Dream Second Mortgage Loan Financing
Down payment funds are provided as a Second Mortgage Loan for the purpose of principal reduction and the payment of pre-paid items and closing costs and is made in conjunction with a Georgia Dream First Mortgage Loan.
No Monthly Payments
Loan must be repaid when home is sold or refinanced or no longer used as the borrowers personal residence as this loan is never forgiven.
Minimum of borrower contribution to the purchase transaction varies with 2nd mortgage program
Borrower must complete a Home Buyer Education course provided by a DCA or by a HUD approved education counselor. Call (404) 591-2453 for a list of providers.
The income restrictions for the Second Mortgage program do vary from that of the First Mortgage program, so call (404) 591-2453 for more program details.
Interest Rate Changes
Please check back for program updates as they become available.