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Ever dream of owning your own home? The Georgia Dream can make it happen. This program offers affordable financing options, down payment assistance, and homebuyer education to eligible buyers. Don’t let the fear of a large down payment prevent you from becoming a homeowner.
Georgia Dream is a 30-year fixed interest rate mortgage featuring:
If you’re a first-time homebuyer or interested in buying a home located in the state of Georgia, you may qualify for the Georgia Dream program. Borrowers are eligible if they are either:
If you meet one of the above benchmarks, you may qualify for the Georgia Dream program if you also meet the minimum credit score, household income limits and liquid asset requirements as described above.
The Georgia Dream program is designed to help borrowers overcome the common obstacle of not having enough money to apply towards a down payment. After contributing a minimum of $1,000 towards the purchase of the home, borrowers may be eligible for one of three down payment options:
Georgia Dream |
Peach Plus | Peach Select Veteran Assistance |
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Program targets first-time homebuyers. | Program targets qualified borrowers not currently served by the traditional GA Dream program. First-time homebuyer requirement is waived for this program. | Program targets veterans. |
Maximum home sales price* is up to $400,000. | Maximum home sales price* is up to $500,000. | Maximum home sales price* is up to $400,000. |
Maximum income limits* are up to:
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Maximum income limits* are up to:
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Maximum income limits* are up to:
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Interest rate is determined by market rates. | High interest rate is determined by market rates. | Low interest rate. The initial rate is set to 5.00%. |
Down payment assistance options are available. | Down payment assistance options are available. | No down payment assistance offered. |
*Varies depending on purchasing area or county.
Mortgage Investors Group, based in Tennessee, offers residential financing in a number of states in the southeast, See MIG Service Areas. Terms and conditions to apply to home financing. We want to share with you the loan terms vary based on several characteristics and your financial profile. These include but are not limited to loan program, loan purpose, occupancy, credit history, credit score, assets, and other criteria per loan type. The repayment terms and interest rate may vary from time to time. The terms represented here are based on certain assumptions outlined below and/or noted on the loan outline page. Additional details concerning privacy, program disclosures, licensing specifics may be found at migonline.com Legal Information.
MIG Loan Officers will help gather the information needed for an individual assessment to provide home financing which matches the loan characteristics with your home financing needs based on your financial profile, when you are ready to begin a full loan application. For estimates and general information before that step, the basis for which the mortgage financing information are as follows:An MIG Loan Officer is available to help with your financial details to determine which characteristics apply to your situation for a personalized look into which loan program best fits your home financing needs. Please use the Find a Loan Officer link or reach out to Mortgage Investors Group at 800-489-8910. Equal Housing Lender 1.2020