Definition
Georgia's first-time homebuyer program providing down payment assistance, favorable interest rates, and credit counseling.
Not sure where this fits?
Answer a few questions and we’ll open the path that fits, at the right step.
Find my pathAbout this term
Georgia Dream provides down payment assistance up to 3% of purchase price through a loan that is forgivable if homeowner stays 5+ years. Favorable interest rates below market. Homebuyer education is required. Program targets first-time buyers in Georgia. Income limits apply. Assistance may be available for improvements or closing costs. Popular program expanding homeownership in Georgia. Requires participation through approved Georgia lenders.
Pro Tip
Research state-specific programs in your state for first-time buyer assistance similar to Georgia Dream.
Example
A Georgia first-time buyer received down payment assistance that could be forgiven after 5 years in the property.