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I Am A Down Payment Assistance (DPA) Specialist:
Overcoming The #1 Reason Folks
Don't Buy A Home.
Georgia Dream DPA To The Rescue:
$10K To $12,500
Down Payment Assistance!
What Should YOU
Expect Here?
SUMMARY
Of This PAGE
I Am A Down Payment Assistance (DPA) Specialist:
Overcoming The #1 Reason Folks Don't Buy A Home.
Georgia Dream DPA to the rescue: $10K to $12,500 Down Payment Assistance!
Let’s qualify YOU: Get your new house with ONLY $1,000 DOWN.
Veterans ONLY $500.
Lowest % Rate around.
NO lottery = meet criteria = qualify.
Contact me: I have OVER 20 years of DPA expertise at YOUR service
Available in ALL 159 GA counties.
This is a program Officially run by a State Of Georgia Agency: Georgia Department Of Community Affairs (DCA)
It’s run year-round! So, whenever YOU want to start, they will be there for you!
…AND so will I!
As always, I am here to help – contact me
I Am A Specialist in SECURING
Down Payment Assistance (DPA)
Mortgage Down Payment
Is well known
To Be The #1 Reason
-
Down Payment Assistance (DPA) is an awesome tool Which opens up the next level of your live:
-
A $10K to $12,500 DPA Will bring the Power Of Homeownership to YOUR hands. Contact me and let’s EMPOWER YOU!
Here Are The Many
Georgia Dream
Down Payment Assistance
(DPA) Programs:
One should be just right for YOU!
Any and all the programs below were designed to help good folks like you and me:
Hard workers who struggle to come up with any savings at the end of the month…
make it hard to save enough
for a house down payment
Well, there are a handful of Georgia Dream Programs.
These programs were Not created all at once: They evolve with time …and continue to evolve: Very recently TWO new programs were added to the Georgia Dream’s roster!
They were created to serve different kind of clientele.
Please take a quick look on the programs below and see which program might fit your situation in relation to the purpose of the program.
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Georgia Dream DPA STANDARD
$10,000 Down Payment Assistance (DPA)
It is designed to the GENERAL PUBLIC: Everyone who is officially documented as a resident in the State at least for 6 months may qualify.
So, if you are moving here, get your documents transferred to Georgia as soon as possible.
It provides a generous DPA of up to $10,000; low interest rate, usually 1% +/- below market.
ONLY $1,000 DOWN!
Georgia Dream DPA CHOICE
$12,500 Down Payment Assistance (DPA)
It is designed for families that have one member with disability.
It offers a generous DPA of up to $12,500; low interest rate, usually 1% +/- below market.
ONLY $1,000 DOWN!
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Georgia Dream DPA PEN
(Protectors-Educators-Nurses)
$12,500 Down Payment assistance (DPA)
It is designed to serve professionals who themselves serve the public.
It offers a generous DPA of up to $12,500; $1,000 DOWN! Low interest rate, usually 1% +/- below market,
ONLY $1,000 DOWN!
Here’s what “PEN” stands for:
“P” is for Protectors: is for those working in Law Enforcement: Not only the officers in the front lines, but also many other in the support positions and it will include TSA personal (check the link for the full article and details)
“E” is for Educator - those who work in Education, especially teachers, but it is extensive to many of the folks who work in the education field (check the link for the full article and details)
“N” Nurses but actually it is to serve all those professionals working in Health Care: Again, this program was designed to include as many folks as possible in the health care field (check the link -on top- for the full article and details)
Georgia Dream DPA PEACH SELECT
VETERANS ASSISTANCE
$12,500 Down Payment assistance (DPA)
It is designed to serve Veterans both active and retired personal of all branches of the Armed Forces.
Vets will buy their home with ONLY $500 down!
..AND on top of it: The lowest percentage rate around – Hovering around 2% below market rate…
& NO Mortgage Insurance whatsoever!
(Per VA Regs)
ONLY $500 DOWN!
Georgia Dream DPA PEACH PLUS
This is a program which until recently did not exist: It allows folks with higher income to buy house of higher price.
First-time buyer is NOT required
INTEL: This is still a new program and pieces are still falling in place: If you find this the ‘territory’ you should be,
contact me and let’s find out.
The help does exist!
So, chances are we can qualify YOU!
Georgia Dream PEACH ADVANTAGE
This is the newest of the Georgia Dream Programs.
It generates loans available to homebuyers who:
a) Have a household income up to 150% of the Area Median Income
b) Naturally homebuyers must meet mortgage loan credit requirements
c) House price can be as high as $650,000
d) This program requires a FICO score of 640.
And 660 for pre-fab house
e) First-time buyer is NOT required. YOU are ready to BUY YOUR NEW HOUSE NOW!
f) The Down Payment on Advantage Program is more nuanced …it can be 0% to 3% 😊it all depends on the homebuyer finances
g) This is a new program and pieces are still falling in place: If you find this the ‘territory’ you should be, contact me and let’s find out.
Chances are we can qualify YOU!
If you want additional on any of these programs, just contact me and thy shall receive!
Sounds Interesting?
Please Contact me:
Click Here
And let's get the ball rolling!
I will work as hard
to qualify YOU for a
Down Payment Assistance (DPA)
Of Your Own!
NOTE: This is NOT a lottery!
I do this EVERY! SINGLE! DAY!
Contact me!
And let me check!
Changes Are
You Also May Qualify!
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Georgia Dream Eligibility Requirements
Now let’s take a look with more details on the key eligibility requirements – It all starts with the ‘official residency of the applicant.’ It makes no sense to give a DPA to someone who lives in another state, right?
Some of the programs ( STANDARD DPA, CHOICE DPA & PEN DPA ) call for a ‘hiatus’ of 3 years since the applicant last had his/her name to another property… Three of the programs have exemptions. Veterans have always been exempted …and it continues to be! Please read detailed info below.
Income may be an issue, specially too little because nowadays Georgia Dream has created two brand-new programs for higher income homebuyers – read more details below.
Also, Georgia Dream requires that the homeowner-to-be complete an education on homeownership class and get a certificate.
I have highlighted the main pits below. They are comprehensive, but do NOT deviate much beyond other mortgage program in the market place… Actually, Georgia Dream is based on top of the rules & regulations of Federal Housing Authority (FHA)… with their ‘peachy’ twist:
1) The Georgia Residency:
Applicant must be a documented Georgia resident for at least six months.
Notice that it has to be ‘officially documented.’ If you moved here but never transferred you Driver’s License to Georgia, all that time does NOT count as ‘official residence here’ …kinda stating the obvious, here…
2) The Homeownership Status:
You must be a first-time homebuyer, or not have owned a home in the past three years, with some exceptions.
Veterans are completely except for the “time hiatus.” A veteran can sell a house in the morning and buy another in the afternoon using your Georgia Dream program.
The PLUS and Advantage Programs are also exempt for the ‘3 years ownership rule’ as well
3) The Homebuyer Income:
Your household income must not exceed a certain limit, which varies by location (City / county) and household size.
You will have restriction of how much you earn AND how little!
It is also determined by which area of the State Of Georgia you live or want to live. Please see MSAs Chart below for detailed information.
Any Question?
As always, I am here to help
4) The Borrower Assets:
Your liquid assets must be no more than $20,000 or 20% of the sales price, whichever is higher.
As home price are now, literally ‘historical high,’ the later will be what we are going to be seeing for some time to come.
Example: A house priced at $250,000 X 20%= $50,000 is how much liquid assets you can have!
R U Happy? Mee too!
5) The Credit Scores:
You must meet the lender’s credit approval requirements for a mortgage loan.
Which Georgia Dream asks for 640 FICO scores – which is 20 points higher than the ‘general mortgage lenders.’
PEACH ADVANTAGE DPA - Requires 640 for ‘traditional’ houses AND FICO 660 for pre-fabricated homes
6) Homeownership Education Class:
You must complete a homeownership education course AND get a certificate. It can be in class OR online
Here’s a link for all the folks authorized by Georgia Dream to administer the courses.
YOU should have one class near youIf you prefer to take class online – eHomeAmerica.org is a great source, well structured and very thorough
Classes will cost you $50.00 to $100.00
7) The Property:
It can be a single detached home, (most) Townhomes and many condos: Townhomes and condos must be FHA approved
Property must be in move in condition
The home must be within the sales price limit, which varies by county. It has to be a already existing dwelling – not a building in progress and no financing for you to build either.
No trailer, mobile nor manufacture homes - Under the following Programs: STANDARD, CHOICE, PEN and PEACH SELLECT VETERANS ASSISTANCE
However – the newest program PEACH ADVANTAGE has some provision to include for the purchase of ‘manufactured home’ as long as it is permanently attached to ground AND does include land
Please see Metro Statistics Areas (MSAs) SECTION BELOW with detailed information of the economical areas as Georgia Dream program sees it.
8) The Occupancy:
Buyer must occupy the property within 60 days of closing date.
And the house will be buyer’s primary residence.
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MSAs Vs 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…
But they do NOT receive a DPA, once that Vets are allowed to purchase with Zero down payment.
NOTICES: (#1) Georgia dream does require the Vets to contribute $500 at closing.
(#2) Vets have the three years hiatus waived and they can purchase another house soon after settling any encumbrances they might have in the previous ownership
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
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:
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:
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:
1-2 Persons: $ 92,000
3+ Persons: $105,800
AREA/COUNTY:
Max Home Sales Price
Vs
Max Household Income
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:
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:
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:
1-2 Persons: $ 92,000
3+ Persons: $105,800
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