Georgia Dream Loan Program - Standard
Georgia Department of Community Affairs offers Georgia Dream Loan Program - Standard to first-time buyers in Georgia: as much as 5% of the price, capped at $10,000, as a repayable loan.
- Amount
- As much as 5% of the price, capped at $10,000
- Type of help
- A loan you pay back
- Only open to first-time buyers
- Yes, though some exceptions apply
How do you repay Georgia Dream Loan Program - Standard?
You pay this loan back.
It's a small second mortgage, paid off month by month, usually as part of the payment on your main home loan.
Who can get Georgia Dream Loan Program - Standard?
- Only first-time buyers qualify, though there are exceptions.
- This assistance is paired with a 30-year fixed-rate loan, FHA, USDA-RD, VA or conventional, issued by a lender participating in Georgia Dream.
Your county and household size set most limits. Use our HUD income limits tool to see the median income for your area and how your household compares.
Applying for Georgia Dream Loan Program - Standard
- The Georgia Department of Community Affairs sends this help through its approved lenders. You submit your application to one of them alongside your home loan.
- Your lender looks at your income, your credit and the home. It checks them against the program's rules and sets the money aside for you.
- At closing, the money is paid toward your down payment and your closing costs.
You'll find the full rules and whether applications are open on Georgia Department of Community Affairs's page for Georgia Dream Loan Program - Standard.
Georgia Dream Loan Program - Standard: what to ask a lender
Tell us where you're buying and a lender that works with Georgia's programs can tell you whether Georgia Dream Loan Program - Standard fits you, and what you could combine with it.
Want to skip the phone? Once you send your details, the lender will reach you.
More first-time buyer programs in Georgia
- Georgia Dream Loan Program - Protectors, Educators & Nurses (PEN):
As much as 6% of the price, capped at $12,500, a loan you pay back.
- Georgia Dream Loan Program - Choice:
Up to 6% of the purchase price, no more than $12,500, paid back as a loan.
Every Georgia first-time home buyer program · Down payment help in every state