Georgia Dream Down Payment Assistance

Are you a first time home buyer and wouldn’t mind a little help purchasing a home? Georgia Dream has a down payment assistance program first time home buyers and buyers who have not owned a property in the past three years. You’ll receive $15,000 in down payment assistance that can also cover prepaid items and closing cost. After five years of living in the home, the down payment assistance funds received are forgiven. Funds are available on a first come basis.

Please see the following flyer for more details. Please give us a call at 678-741-5300, and we’ll connect you with one of our preferred lenders that handles the Georgia Dream program. You may also visit  to learn more.




The Georgia Dream Hardest Hit Fund (HHF) was created to reduce obstacles for homeownership and to stabilize those counties that have been the hardest hit with serious delinquency, negative equity, distressed sales and foreclosures. The funds utilized are an allocation of federal dollars received by the Georgia Housing and Finance Authority from the U.S. Treasury. This new program – the HHF Down Payment Assistance Program (HHF DPA) – provides $15,000 in down payment and closing cost assistance to eligible borrowers purchasing an existing home in ten of Georgia’s hardest hit counties.

Funds are available on a first-come, first-serve basis. Funds will be secured in the form of a second lien on the property with no interest and no monthly payments. The lien is forgiven and released 5 years after the closing date.

Program Highlights

Funds available: $ 15 million

Counties: Fulton, DeKalb, Paulding, Clayton, Muscogee, Douglas, Gwinnett, Chatham, Henry and Bibb

Property eligibility: Must be existing; new construction is not eligible

Amount: $15,000 per household (no PEN or CHOICE upgrades)

Form: Recorded second mortgage lien with 0% interest, no monthly payment and forgivable after five years

First mortgage: Must be a Georgia Dream first lien (FHA, VA, USDA or conventional 80% LTV or less)

Rate: First mortgage must be Georgia Dream published rate

Income: Same requirements as current Georgia Dream Program; 1-2 persons – $60,500 statewide, $74,000 Atlanta MSA; 3 or more persons – $69,500 statewide, $84,500 Atlanta MSA (all members of household included)

Purchase price: Same limits as current Georgia Dream Program; $200,000 statewide, $250,000 Atlanta MSA

Credit score: Minimum credit score of 640 required

Additional: Dodd-Frank Certification [the borrower(s) cannot have been convicted within the last 10 years of (a) felony larceny, theft, fraud, or forgery (b) money laundering or (c) tax evasion]

At Georgia’s Department of Community Affairs, we are focused on creating

“communities with opportunities” – thinking out of the box about how to help build communities where life has the possibility of being better and richer and fuller. Owning a home means having a vested interest in where you live. We work hard to increase home ownership across our state. This is the

“American Dream”. And nowhere is that more important than in our hardest hit communities, where many families continue to be impacted by the adverse effects of the housing market collapse and economic downturn.


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