Georgia Dream Loan Program - Protectors, Educators & Nurses (PEN)
Georgia Department of Community Affairs offers Georgia Dream Loan Program - Protectors, Educators & Nurses (PEN) to first-time buyers in Georgia: no more than $12,500, up to 6% of the price, as a repayable loan.
- Amount
- No more than $12,500, up to 6% of the price.
- What help is offered
- Loan you repay
- Reserved for first-time buyers
- Yes, though there are exceptions
Georgia Dream Loan Program - Protectors, Educators & Nurses (PEN): how do you pay it back?
You pay this loan back.
This is a small second mortgage. You pay it off month by month, usually together with the payment on your main mortgage.
Who's eligible for Georgia Dream Loan Program - Protectors, Educators & Nurses (PEN)?
- Available only to public protectors, educators, healthcare providers, people working in these fields and active military members.
- Limited to first-time buyers: yes, though some exceptions apply.
- This help is attached to one 30-year fixed-rate loan: FHA, USDA-RD, VA or conventional, through a lender that participates 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 - Protectors, Educators & Nurses (PEN)
- Apply with one approved lender alongside your home loan; this help is paid by the Georgia Department of Community Affairs through that lender.
- Using the program's rules, the lender reviews your income, your credit and the home, then reserves the money for you.
- At closing, the money is applied to your down payment and your closing costs.
For the full rules and to find out if applications are open, visit Georgia Department of Community Affairs's page for Georgia Dream Loan Program - Protectors, Educators & Nurses (PEN).
Take your questions about Georgia Dream Loan Program - Protectors, Educators & Nurses (PEN) to 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 - Protectors, Educators & Nurses (PEN) fits you, and what you could combine with it.
Don't want to call? Share your details and the lender will contact you.
More first-time buyer programs in Georgia
- Georgia Dream Loan Program - Standard:
As much as 5% of the price, no more than $10,000, as a loan you repay.
- Georgia Dream Loan Program - Choice:
6% of the price at the most, capped at $12,500, as a loan you pay back.
Every first-time buyer program in Georgia · Down payment help in every state