Saturday, December 5, 2009

Georgia Dream

by Sherrie Massie
Georgia Department of Community Affairs

Affordable mortgage products, including down payment assistance, are available to Glynn County residents through the Georgia Department of Community Affairs, Georgia Dream Homeownership Program.

Georgia Dream down payment options provide $5,000 to $10,000 in funding for down payment assistance to first-time homebuyers with household incomes at 80 percent or less of area median income. For a limited time a new option, Georgia Dream “PLUS”, offers $5,000 in down payment assistance to first-time homebuyers with household incomes up to 115 percent of area median income.

As long as funding is available, or until June 2010, the Georgia Dream NSP Program provides Glynn County homebuyers $14,000 in down payment assistance for the purchase of eligible foreclosed properties with incomes up to 120 percent of area median income.

Georgia Dream mortgage products are available through participating lenders in the Glynn county area. Eligible borrowers must meet the credit requirements for an FHA, VA or USDA first mortgage loan.

For more information go to www.dcaloans.com or call 1-800-359-HOME.

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