Georgia First-Time Home Buyer Programs of 2021

Jan 1, 2021
Georgia First-Time Home Buyer Programs of 2018

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In the Peach State, first-time home buyers — considered to be buyers who haven’t owned a home in three years — can look to the Georgia Dream Home Ownership Program for help finding mortgage financing. The home loan rates and fees are set by the Georgia Dream program.

National first-time home buyer programs

Wherever you live in the 50 states, these loan programs make homebuying more affordable, helping first-time home buyers overcome obstacles like limited income, low credit score or lack of a down payment.

Georgia Dream program highlights and eligibility requirements

A wide range of mortgage options exist for first-time home buyers through the Georgia Dream program, including 30-year fixed-rate Federal Housing Administration (FHA), Veterans Affairs (VA) and U.S. Department of Agriculture Rural Development loans with low down payment requirements, or conventional home loans with a 20% down payment. There are several ways to qualify for down payment assistance.


  • Affordable mortgage rates.

  • Prepared borrowers usually close in about 60 days.

  • Most first-time home buyers receive down payment assistance.


  • 640 minimum credit score.

  • Buyers must invest at least $1,000.

  • Home buyer education required.

Georgia first-time home buyer programs

Summary: 2021 Georgia Dream first-time home buyer programs

  • Georgia Standard Down Payment Assistance provides all eligible borrowers with $5,000 in assistance.

  • Georgia PEN offers $7,500 in assistance to first responders, military, educators, health care professionals and others.

  • Georgia Choice helps qualified disabled borrowers with $7,500 in down payment assistance.

Find details about the Georgia Dream mortgage and Georgia Dream Down Payment Assistance programs, including income and purchase-price limits and a map of targeted counties, at For additional information or assistance, email [email protected].

Only certain lenders are approved by the state to offer Georgia Dream mortgages. Buyers begin the application process by finding a participating lender that can review the requirements with you and help you apply for pre-qualification and preapproval. Lenders may have additional requirements for borrowers. All lenders are required to offer home buyers the same rates and fees, and Georgia Dream has a cap on the amount of fees a lender may charge.

If your credit score is too low to qualify for a Georgia Dream mortgage, there’s still hope. Ready, Set, Go is a home buyer program that helps would-be homeowners work on improving their credit scores to become eligible for a Georgia Dream home loan.

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