Translate this page:

Georgia Dream

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:

  • Affordable financing options
  • Down payment assistance with a minimum $1,000 borrower contribution
  • Homebuyer education
  • 640 minimum credit score
  • Maximum amount of liquid assets is $20,000 OR 20% of sale price (whichever is greater)
  • Georgia Dream is offered in conjunction with: FHA, VA (for eligible veterans), USDA/RD, and Conventional
  • Max loan amount is $425,000 | In counties listed below
    Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Heard, Henry, Jasper, Newton, Paulding, Pickens, Pike, Rockdale, Spalding or Walton
  • Max loan amount is $375,000 | In counties listed below
    Clarke, Madison, Oconee, Oglethorpe, or Morgan
  • Max loan amount is $360,000 | In all other Georgia Counties
What is a Georgia Dream loan? Mortgage Investors Group

Is GA Dream right for you?

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:

  • A first-time homebuyer
  • A homebuyer who has not had interest or ownership in a primary residence in the last three years, or
  • A homebuyer who is purchasing a home in one of the program’s designated “target areas”

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.

Georgia Dreamloan program through Mortgage Investors Group

Down Payment Assistance

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:

  • Standard: All eligible homebuyers may qualify! 5% (five percent) of the property purchase price or a maximum of $10,000, whichever is the lesser amount.
  • Protectors, Educators & Nurses (PEN): Are you a public protector, educator, healthcare provider - or work for these industries - or active military? 6% (six percent) of the property purchase price or a maximum of $12,500, whichever is the lesser amount.
  • Choice: Is a member of your family living with a disability? 6% (six percent) of the proeprty purchase price or a maxium of $12,500, whichever is the lesser amount.
Georgia Dream - Mortgage Investors Group

 

Georgia Dream

Peach Plus  Peach Select Veteran Assistance
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 $425,000. Maximum home sales price* is up to $525,000. Maximum home sales price* is up to $400,000.
Maximum income limits* are up to:
  • $120,439 (1-2 persons)
  • $138,505 (3+ persons)
Maximum income limits* are up to:
  • $180,659 (1-2 persons)
  • $207,758 (3+ persons)
Maximum income limits* are up to:
  • $120,439 (1-2 persons)
  • $138,505 (3+ persons)
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.


Contact Us Today

Let's Start Your Homebuying Journey.

MIG mascot sitting at desk