What Is the Georgia Dream Homeownership Program?

Shopping for a home involves many factors including location, budget, and timing. Taking advantage of various programs can help first-time homebuyers experience an affordable and satisfying home buying process. Qualified prospective Georgia residents can take advantage of one of the best programs the state has to offer— the Georgia Dream Homeownership Program.

Georgia Dream Homeownership Program Details

Created in 1977, Georgia’s Department of Community Affairs (DCA) set out to provide affordable financing to eligible buyers, specifically low- and moderate-income residents. The result was the Georgia Dream Homeownership Program.

The program offers a 30-year fixed rate mortgage that includes down payment assistance of up to $10,000. The down payment assistance is a second loan that requires no interest or monthly payment; however, it is due when you refinance or sell your home.

While the program is built to help first-time homebuyers, it can also help those who have not owned a home in the last three years achieve homeownership once again.

Furthermore, active military or those who work in certain public service professions may qualify for up to $12,500 of down payment assistance. Those with a family member who is disabled may also obtain $12,500.

Requirements of the Georgia Dream Homeownership Program

To qualify, eligible buyers must take homebuyer classes, have a credit score of at least 640, and provide a minimum $1,000 down payment. Maximum income and debt ratio requirements must also be met.

Get In the Home of Your Dreams with Butler Mortgage

The process of becoming a first-time homebuyer is an amazing experience that should be celebrated, not stressful. Having professionals with you along the way can ensure your peace of mind and that your budgetary requirements are met.

For help enrolling in the Georgia Dream Homeownership Program, rely on the professionals at Butler Mortgage. Our team has helped both first-time and seasoned buyers get into their Florida and Georgia dream homes for over 25 years.

Let us help you by calling 407-931-3800 or by filling out our free consultation form online.

Request a FREE consultation

* Required

An elderly couple sitting in rocking chairs on a porch
Financial Security from a
Reverse Mortgage
A house
USDA Loans
100% Financing to Qualified Buyers
A child hugging a man in the military
VA Loan
Buy with zero down. 30-year fixed rates