Georgia Dream Loan Program - Choice
Georgia Department of Community Affairs offers Georgia Dream Loan Program - Choice to first-time buyers in Georgia: up to 6% of the price, at most $12,500, as a repayable loan.
- Amount
- Up to 6% of the price, at most $12,500
- Kind of help
- Repayable loan
- First-time buyers only
- Yes, with exceptions
How is Georgia Dream Loan Program - Choice paid back?
Repayable loan.
A repayable loan is a small second mortgage you pay off each month, usually in the same payment as your main home loan.
Who qualifies for Georgia Dream Loan Program - Choice?
- Only for households with a family member living with a disability.
- Varies by area and household size: $101,700 to $137,555 for 1 or 2 people, $116,955 to $158,188 for 3 or more.
- First-time buyers only: yes, with exceptions.
- It comes with a 30-year fixed-rate FHA, USDA-RD, VA or conventional mortgage from a Georgia Dream participating lender.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Georgia Dream Loan Program - Choice
- Georgia Department of Community Affairs pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Georgia Department of Community Affairs's page for Georgia Dream Loan Program - Choice.
Ask a lender about Georgia Dream Loan Program - Choice
Tell us where you're buying and a lender that works with Georgia's programs can tell you whether Georgia Dream Loan Program - Choice fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Georgia
- Georgia Dream Loan Program - Standard: up to 5% of the price, at most $10,000, repayable loan.
- Georgia Dream Loan Program - Protectors, Educators & Nurses (PEN): up to 6% of the price, at most $12,500, repayable loan.
All Georgia first-time home buyer programs · Down payment assistance in every state