
The GA Dream Homeownership Program is a down payment assistance program sponsored by The Deparment of Community Affairs. It offers either $5000 or $7500 depending on the buyer's qualifications in the form of a silent second mortgage for first-time homebuyers. This means that there will be a second mortgage however, it is at 0% interest with no repayment until the home is either sold or refinanced.
The funds from the GA Dream program can be used for a buyer's down payment or closing costs.
The buyer must qualify based on income restrictions and must have at least $1000 of their own funds in the transaction.
I recommend buyers expect to wait 45 to 60 days for a closing on these transactions due to the extra process of this program.

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