There are some TEMPORARY revisions to the GA Dream Recovery (formerly Plus) Down Payment Assistance Program.
FOR A LIMITED TIME THERE ARE SPECIAL GUIDELINES FOR HOME BUYERS PURCHASING IN COUNTIES DESIGNATED AS DISASTER AREAS
Twenty One (21) GA counties have been designated as Federal Disaster Areas as a result of the recent floods.
The counties are Carroll, Catoosa, Chattooga, Cherokee, Cobb, Crawford, Dawson, DeKalb, Dooly, Douglas, Fulton, Gwinnett, Heard, Houston, Newton, Paulding, Peach, Rockdale, Stephens, Taylor & Walker.
Home Buyers in these counties are eligible for Georgia Dream First Mortgage Loans with Rewards/Recovery Down Payment assistance and these special provisions:
* Home Buyers Do NOT have to be first time home buyers.
*Higher purchase price limits:
Catoosa, Chattooga, Crawford, Dooly, Houston, Peach, Stephens, Taylor and Walker - $250,000
Carroll, Cherokee, Cobb, Dawson, Dekalb, Douglas, Fulton, Gwinnett, Heard, Newton, Paulding and Rockdale - $300,000
* Higher Household Income limits:
Catoosa, Chattooga, Crawford, Dooly, Houston, Peach, Stephens, Taylor & Walker
1 or 2 persons $73,000
3 or more persons $85,000
Carroll, Cherokee, Cobb, Dawson, Dekalb, Douglas, Fulton, Gwinnett, Heard, Newton, Paulding & Rockdale
1 or 2 persons $86,000
3 or more persons $100,000
The Department of Community Affairs not yet announced when these temporary changes will end.