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Georgia Dream Max Income Per Family & Max Home Price For Each GA Metropolitan Statistical Area (MSA)
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Expect Here?
SUMMARY
Of This PAGE
Georgia Dream Max Income Per Family & Max Home Price For Each GA Metropolitan Statistical Area (MSA).
Georgia Dream has grouped them into only 3 MSAs. Allelujah!
Check here Max of How much you can make and still qualify.
And Max how high the house prices can go in each of the MSAs.
Especially right there on the MSA where YOU are!
Who establishes the MSAs?
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Who Establishes The Metropolitan Statistical Areas (MSA’s)?
The U.S. Office of Management and Budget (OMB) establishes the the Metropolitan Statistical Areas (MSAs).
The data base come from the U.S. Census Bureau: Using data collected from the general census every 10 years.
The regions are based on population, commuting patterns as well as economic ties of the geographic areas.
These are primarily for federal statistical purposes. Many decisions to allocate federal funds (Or NOT allocate) are based on the data from such MSAs.
Major revisions will occur in the years following each General Census: 2010, 2020, 2030…
Thus, the importance of how each of us answer the Census questionaries!
Georgia Dream Max Income Vs Max House Price
For Georgia Dream STANDARD, CHOICE, PEN & PEACH SELECT VETERAN ASSISTANCE* Programs
(*) PEACH SELECT VETERAN ASSISTANCE Program – although values coincide for Vets, this program is treated differently in the sense that Vets receive a well below market interest rate…
Typically +/- 2% less than the prevailing market rate
But they do NOT receive a DPA.
NOTICES:
(#1) Georgia Dream does require the Vets to contribute $500 at closing.
(#2) Vets do NOT have to wait three years to buy another home. They can purchase another house soon after settling any encumbrances (pay in full) any balance they might have in the previous ownership. Balance in previous property has be ZERO.
NOTE: The ZERO balance is a VA regulation, by the way.
The 3 Georgia Dream MSAs
As of July 08, 2024
There are three distinctive economic areas – also called MSAs (Metropolitan Statistical Areas) as far as Georgia Dream Program is concerned:
1) Atlanta - Sandy Springs - Roswell, GA HUD Metro
2) Athens, GA MSA
3) ALL Other Georgia Counties
AREA/COUNTY: Max Home Sales Price Vs Max Household Income
Here are the three MSA (Metro Statistical Areas) so established by Georgia Dream:
AREA/COUNTY:
Max Home Sales Price
Vs
Max Household Income
1) Atlanta - Sandy Springs - Roswell, GA HUD Metro
Max Home Sales Price: $425,000
Max Household Income:
NOTE: AVERAGE of immediately past two year
1-2 Persons: $120,439
3+ Persons: $138,505
AREA/ COUNTY Covered:
Barrow County, Bartow County,
Carroll County, Cherokee County,
Clayton County, Cobb County,
Coweta County, Dawson County,
DeKalb County, Douglas County,
Fayette County, Forsyth County,
Fulton County, Gwinnett County,
Heard County, Henry County,
Jasper County, Newton County,
Paulding County, Pickens County,
Pike County, Rockdale County,
Spalding County, Walton County
2) Athens, GA MSA
Max House Price: $350,000
Family Size Vs Max Income:
NOTE: AVERAGE of immediately past two year
1-2 Persons: $101,505
3+ Persons: $116,644
AREA/ COUNTY Covered:
Clarke County, Madison County,
Oconee County, Oglethorpe County,
Morgan County
3) ALL Other Georgia Counties Covered
Max house Price:
$ 335,000
Family Size Vs Max Income:
NOTE: AVERAGE of immediately past two year
1-2 Persons: $ 92,000
3+ Persons: $105,800
MSAs Match
Max House Price
To Max Income Of The AREA.
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Search Here ALL Intel Within This Site
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Of Homes By City AND Price U Want
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