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Georgia Dream ADVANTAGE Intro: Flexibility And Options For HIGHER EARNER In Higher Price Homes
What Should YOU
Expect Here?
SUMMARY
Of This PAGE
Georgia Dream ADVANTAGE PROGRAM: Flexibility And Options For HIGHER EARNER In Higher Price Homes.
Eligibility: first-time or repeat buyers alike. Income up to 150% of Area Median Income, home prices up to 650,000 dollars.
Option of DPA with higher interest or NO-DPA with lower interest.
No Lottery.
Year Round. Funds do NOT run out.
Serving ALL 159 Georgia Counties
The maximum home sales price varies by county:
1) Counties within the Atlanta Metropolitan Statistical Area (MSA) have a maximum sales price of $650,000.
2) Counties within the Athens Metro MSA have a maximum sales price of $575,000.
3) All other counties have a maximum home sales price of $500,000.
No RESTRICTION on previous ownership: PEACH PLUS serves The First-Time & Repeat Buyers alike! YOU are ready to buy NOW!
Down Payment Assistance (DPA) still available!
Lower Interest loans.
I am always here to help -contact me
What Sets The
STANDARD DPA PROGRAM
A PART From the other 5?
WHO MAY QUALIFY?
ALL Georgia residents higher earners that might need a house whose price bumped the out of the ‘traditional’ Georgia Dream programs.
The Georgia Dream PEACH ADVANTAGE is still for those good folks who otherwise would qualify for the STANDARD or PEN programs. However, they either exceed the programs income limit and/or need to buy a house whose price the programs’ max price.
How are the Georgia Dream Programs funded?
The Georgia Dream Programs are ‘traditionally’ funded via Bond issuance from revenue via bond sales.
According of how the money for the funds are raised, there are some Federal guidelines regulating it, including how much the buyers can earn AND how much the house can cost.
So, Georgia Dream has created PRIVATE-PUBLIC VENTURE with LAKEVIEW MORTGAGE SERVICES - It is a first!
Thus the PEACH ADVANTAGE Program brings private funds and coming from private origins it can have different set of rules - NOT subject to the Feds regulations.
It serves first-time AND repeat buyer: NO WAITING!
Higher Income buyer AND Higher Price houses (Compared to the ‘traditional programs.’)
Here are the Income AND House price limit for PEACH PLUS:
INCOME LIMIT: Up to 150% of that Area Medium Income (AMI)
Maximum Home Sales Price: The maximum home sales price varies by county:
1) Counties within the Atlanta Metropolitan Statistical Area (MSA) have a maximum sales price of $650,000.
2) Counties within the Athens Metro MSA have a maximum sales price of $575,000.
3) All other counties have a maximum home sales price of $500,000.
Regardless of line of work – who officially live in Georgia 6 months or longer may qualify…
Your line of work will NOT restrict you (please see PEN DPA),
NO restriction on family situation (please see CHOICE DPA)
NO requirement of being a Veteran (please see PEACH SELECT VETERANS ASSIST PROGRAM)
No RESTICTION on previous ownership: PEACH ADVANTAGE serves The First-Time & Repeat Buyers alike!
YOU are ready to buy right NOW!
Georgia Dream ADVANTAGE PROGRAM
Flexibility And Options
For HIGHER EARNER In Higher Price Homes
THERE ARE REQUIREMENTS:
I keep saying ‘may qualify’ because there are REQUIREMENTS which must be reviewed and analyzed by a DPA Specialist – like me - AND a loan officer needs to pull your Credit Report before giving you the final say.
LASTLY – conditions may change and can improve: If you follow my advises, we can qualify you either a bit later OR next year.
In another program, I did exactly that for another buyer 9 years ago: He waited from one year to the next! He bought a house for less than $200,000 …fast forward: His house is now worth OVER $600,000!
Patience and diligence pay BIG dividends!
Georgia Dream STANDARD DPA – Most Important Requirements And Highlights – Are Laid Out Here:
This is NOT ONLY for “First-Time Buyer Program:”
It is for both for first-time AND repeat buyers alike.
YOU are free to buy another house right NOW!640 FICO SCORE minimum – the same for ALL Georgia Dream programs
660 FICO score minimum for Pre-fab homes
INTEL: A ‘house’ is NOT real estate.
The ‘land’ is what makes it real estate.
So, make sure that the manufactured house
you have your eyes on, comes with land
it is sitting on. 😊ALL Georgia Dream programs – are originated by a participating lender at first.
Participating lenders are independent mortgage lenders – who elect to participate with Georgia Dream programs. They will prepare your loan to be compliant with Georgia Dream requirements.
Georgia Dream Homeownership Programs vary, oh so slightly, from the ‘general’ mortgage loan lending market.ASSETS LIMIT: Have liquid assets of no more than $20,000 or 20% of the sales price (whichever is greater). Example: House purchase price: $250,000 X 20% = $50,000 – that’s is the buyer’s max ‘liquid’ funds allowed
RETIREMENT ACCOUNTS – are NOT considered liquid assets
INCOME LIMIT: It varies by the city/county you want to buy a house – Please click here to check
(ONLY) $1,000 down payment out of your pocket AT CLOSING
YOU also MUST Register, Attend and Pass in a “HOME OWNERSHIP EDUCATION CLASS” – 4 to 5 hours. Paid directly to whichever provider you select, some are free.
Cost: $ZERO to $50
Please see link to class provider below
“Homeownership Education Class” –
List of AUTHORIZED Agencies of “Home Ownership Education” providers - across Georgia, please click here
They are ALL HUD-approved Home Education courses or counselors.
You will learn home budgeting, the buying process, and pot-purchase home maintenance.
It’s mandatory for ALL homebuyers through Georgia Dream - first-time OR repeat buyers.
Don’t be afraid, this is NOT a ‘gotcha!’ thing!
Folks there WANT YOU TO SUCCEED!
Both on the test AND as a FUTURE HOMEOWNER!
They will coach you into success! YOU will understand why you are in the class for: Then, the right answer will pop up from the wrong ones.
You will learn skills NOT ONLY on how to attain BUT how to preserve your future home!
You will see the right answer
Property will be your primary residence
YOU must occupy the house within 60 days
ALL OTHER LENDERS – (outside the Georgia Dream Program) - require Tax Return only for the immediate past 02 years …Georgia Dream wants to see income tax for the immediate 3 years
Loans must be originated by Participating Lenders …which there is plenty to choose from!
(INTEL: Georgia Dream does NOT originate ANY loans)Georgia Dream through their mortgage servicing arm: STATE MORTGAGE SERVICING - will buy and service the loan. You will always deal direct with them after the closing
OUT OF POCKET EXPENSES BEFORE CLOSING:
Here are some expenses that YOU will incur
In ALL House Financing – Either with Georgia Dream OR NOT – BEFORE CLOSING – for:
Credit Report – paid to the lender +/- $50/125
Property Appraisal – paid directly to the Inspection Company COST: $500 $700 = mandatory by ALL lenders and it NOT only required by Georgia Dream… ALL LENDERS must know if the house meets OR exceeds the price which is being paid for
“Homeownership Education Class” – paid directly to whichever provider you select, some are free. Cost: $ZERO to $50
List of AUTHORIZED “Home Ownership Education” providers, please click here
You pay directly to them!
AND NO – I do NOT provide such classes.
House Inspection (optional) – paid directly to the company / or inspector – whomever you chose $400/700 depending on the square footage.
This is OPTIONAL… BUT: do you want to skimp on $400/$700 against a $200K to $400,000 house?
Moving in NOT knowing what might be wrong in the house?
Yup! I don’t think so!
PS: I DO NOT provide any of these services: THIS IS NOT WHY I WRITING THIS (ALREADY) MONSTER BIG SITE!
First: I want to help people ALL OVER GEORGIA!
Independently if I am your REALTOR or NOT!
Secondly: YES! IF YOU STILL NEED AN AGENT TO REPRESENT YOU AND GET YOU OVER THE FINISH LINE – I WOULD LOVE TO BE YOUR REALTOR!
I AM ALWAYS HERE TO HELP!
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Home Life Style Dreamers
Please take a minute to write us a review: short, sweet, and to the point.
YOUR Opinion Does Matter!
THERE ARE GREAT BENEFITS Built-In
The DPA - should you go that route - is EXTENDED to the homebuyers in the form of a “SILENT 2nd MORTGAGE”
(a) You DON’T have to pay the PRINCIPAL and ZERO INTEREST for as long as you live in the house up to 30 years
INTEL: PEACH ADVANTAGE - 2ND Mortgage
A/K/A Down Payment Assistance (DPA)
is DUE ON MATURITY
= Translation it has to be paid in full
at the 30th Anniversary
(b) AND you only pay the face value that is the same $ Dollar amount that you received on the day of the closing!!! …this is NOT a typo!
(ONLY) $1,000 down payment out of your pocket AT CLOSING
Lower Interest Rate Loans - this program works close to the prevailing market rates, but typically it is lower than the market rate
Still More Choices
Here are the other Five Georgia Dream Homeownership Program I would like to make sure YOU are aware of …who knows one them could be fit YOUR circumstances better OR, perhaps, YOU may recommend to a friend:
Georgia Dream STANDARD DPA Program Intro
Georgia Dream CHOICE DPA Program Intro
Georgia Dream PEN – PROTECTORS – EDUCATORS & NURSES DPA Program Intro
Georgia Dream PEACH SELECT VA DPA Program Intro
AND… BINGO!!! YOU are the newest PROUD
GEORGIA HOMEOWNER – under Georgia Dream PEACH ADVANTAGE DPA!!!
Easy, hum?!
MAY I BE OF SERVICE?
I would so love to be
YOUR REALTOR!
Or should any question arise:
I hope I have proved
‘beyond any reasonable doubt’
That I Am A DPA Specialist
And I will work AS HARD
For YOU!
More Choices
Georgia Dream PEACH PLUS was introduced on April 15, 2024 with the purpose serve homebuyers who otherwise would qualify for program, but would be bumped out because of earnings or house price above program’s set limit.
Georgia Dream PEACH PLUS DPA is funded and administered ‘in house’ by Georgia Dream Home State Mortgage the finance arm of the program.
Starting July 1, 2025, Georgia Dream partnered with Lakeview Mortgage Servicing – in a first of its kind public-private venture to create Georgia Dream PEACH ADVANTAGE Program.
This program is administered by Lakeview who put their own funds to the PEACH ADVANTAGE program.
This program, along with PEACH PLUS, was also designed to serve those good Georgians who would be bumped out of the program due above programs’ income limit and/or higher home price for the area.
Although the target audience is similar, each of the programs have notable differences – which I sought to bring out here.
I do recommend that you also read my other page in this series
Georgia Dream PEACH PLUS Intro
Before making your final decision on which one is best for YOU!
Still More Choices
Here are the other Five Georgia Dream Homeownership Program I would like to make sure YOU are aware of …who knows one them could be fit YOUR circumstances better OR, perhaps, YOU may recommend to a friend:
Georgia Dream STANDARD DPA Program Intro
Georgia Dream CHOICE DPA Program Intro
Georgia Dream PEN – PROTECTORS – EDUCATORS & NURSES DPA Program Intro
Search Here ALL Intel Within This Site
INCLUDING To Find Any Types
Of Homes By City, # Bedrooms AND Price U Want
Is there anything
you still need
to know about which
is not in this
Georgia Dream PEACH PLUS Intro: For Buyers With Incomes And Purchase Prices Above The STANDARD Limit page?
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Looking for a new home?
Maybe I cannot find YOU
The ‘house of the future’
(As Yet)
But I certainly can find
YOUR FUTURE HOUSE!!!
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contact me
I would so love to serve
as your REALTOR!
I am here to help!
