Georgia Dream First Time Buyer Program (Get $5000, $7,500 or $15,000 in Georgia🏡💰)
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- čas přidán 13. 09. 2024
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This is straight legit. I personally received a $7,200 grant that was applied to my house
Been in my lovely and safe home for two years now. In another seven years the Grant will drop off and I out won't have to pay it back
Thank you for the feedback and congrats!!!
Why did I have to payback. I kept my house for longer than 5 years
👉Download Your Georgia Dream Checklist: mailchi.mp/1566322f7016/georgiadream
Love this info. FYI check the Dream Program site. It has updated it’s requirements.
Yes, I haven't done Georgia specific videos in a long time, but they are updates purchase amounts and the amount of the grant. Thank you for watching.
This was helpful!
Thanks for watching!
Okay with this inflation , will this max number of 250,000 go up?
It has gone up last year to $325K in metro Atlanta www.dca.ga.gov/safe-affordable-housing/homeownership/georgia-dream/homebuyers
If you purchase in one of these Georgia counties, the purchase price cannot exceed $325,000: Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Heard, Henry, Jasper, Morgan, Newton, Paulding, Pickens, Pike, Rockdale, Spalding or Walton
Is this a stackable program and thank you so much for this information!! 😊
Georgia Dream is not a stackable program, but Invest Atlanta and Atlanta Housing Authority are.
Hello! I’d like information, I tried to access the link but it is not working. I’d like some assistance.
Here is a link to the current Georgia Dream Program www.dca.ga.gov/safe-affordable-housing/homeownership/georgia-dream/georgia-dream-peach-plus-loan-program
@@ShaheedahHill I appreciate your assistance.
How much money should you typically save with going with the Georgia dream program
Right now they are giving up to 10K in down payment assistance. But there are high fees, interest rate is 6%, which is lower than the national average. Always compare doing Georgia Dream with using your own down payment.
This content really helped me get a house last May. I was wondering if you could explain details about how to refinance? I put in tons of work over the last year and would love to refinance to see if I could get a lower interest rate and potentially get rid of the Mortgage Protection Insurance.
Thank you so so much and congratulations on your new home! Refinancing simply means getting a new loan to pay off your existing loan. There will be closing costs to pay on a refinance so you want to see if you will save enough in interest for it to make sense. Ask your Realtor to refer you to a lender to give you a refinance quote.
How long does it take to find out if I'm approved or not? Your video is great. Thanks.
Probably 3-5 days. Best of luck and thanks for watching!
Hi Are you eligible to apply for this program if you're relocating to Georgia from a different state?
Yes, as long as you have employment in Georgia you can qualify. Please watch my video that answers FAQ about the GA Dream program in my GA Dream playlist. If you need a real estate agent in Georgia contact me when you are ready to get started. My info is in the description. Thanks for watching.
What is the typical credit on the low scale that Georgia Dream Looks for? Secondly can 2 individuals that are not married go on 1 application for 2 sources of income to meet the 76,000 requirement... we also will be looking to start this sometime next year were still working on our credit, and saving
The required credit score is 640. You can be on the loan as co-borrowers even if you are not married. Congratulations on taking your first step. Download the checklist and when you are ready to purchase contact me to help you find your home. Thanks for watching and subscribe for videos like this every week.
Also watch the GA dream lender videos on my page for more lender info. Thanks
@@ShaheedahHill ok thank you will do, currently live in Columbus GA and will to move to take advantage of this great program
@@lamarmckinney2213 All Georgia counties have GA dream, so you don't have to move. What varies is the amount by county. Counties with the Hardest Hit Funds have 15K.
Thank You! Are you a realtor or lender? Do you work with buyer? Thank you
Im a Realtor. I am not taking new clients but let me know if you need a referral
Can these programs be stacked, and can they be used for new construction homes?
You can use it with new construction...but it can't be stacked. The only prgram that I am aware of that can be stacked is Invest Atlanta and Atlanta Housing Authority.
Are you able to use this for a duplex? I would like to use GA dream & FHA loan together. I know with FHA I can get a owner occupied duplex.
No, only single family homes.
What about corrections Ofc. Security
Corrections officer, yes. Just security no - becuase those are usually privately owned.
After you close on the house through the GA Dream, do they care if you get a higher income job after closing?
My husband is new to the country and doesn't have any line of credit. How can we establish credit for him so that we could be approved for The Georgia Dream Program?
Get a secured credit card and pay it off each month.
Does the maximum household income apply only to those on the loan or all that are living in the house?
Everyone in the home.
What if you don't have check stubs because your self employed but you do have your tax returns?
They will use your profit and loss statements, bank statements and tax returns to verify income.
I am going through naca. Does this work with NACA? How would I go about applying for it?
You cannot use this program and NACA together. Thank you for watching!
I have a NACA video as well. You can check it out here czcams.com/video/HLLluwaAfrQ/video.html.
Will only having one year of tax returns disqualify me from participating in the program?
Not necessarily, it really depends on how strong your other factors are...email me and I will send you some more information. Thehillteamatl@gmail.com
Does it take long to get a Tax returns
from the IRS to get started with the process? This is my first time 😊
It is typically really quick - its electronic, the lender will access your IRS transcripts directly from the IRS. Maybe a week or so...during the pandemic the IRS was delayed so it took longer. They should be back up and running now.
@@ShaheedahHill Thankyou 😊
Should i save $1000 before applying and whats there number
Ideally, because when you put a contract on a home you will need $1000 of earnest money for most homes. You can call me at the number listed above or schedule a call at your convenience at the link above. Thanks for watching!
@@ShaheedahHill thank you for your reply and for making this video
I am moving from Florida and I was wondering if this something for me
You can use it as long as you have employment in the state.
@@ShaheedahHill perfect. What are some good ereas in georgia to buy a home?
Hi..My in-laws are on social security would they be able to buy a home? there current landlord is trying to sell her home to them for 60grand but they need to get approved for a loan . What is the credit score they'll need to have? They'll be first time home buyers.
They should be able to as long they have a credit score of 640+ and enough income to cover the payment. Email me if you need a lender recommendaton. Watch me can you afford a house video.
@@ShaheedahHill Thank you so much.
So hey My credit is 724, but I still needed a co- on the loan because I was short 1,000 dollars annually income. So my grandma decided to co-sign with me because she has more.. but my credit is way higher than hers at 626... am I not eligible for it because of her credit since you said it has to be 640 and above??
Everyone on the loan has to have a 640, check with your lender before you add her to the loan. $1K seems like something you maybe able to come up with yourself.
Sonya Lenon Thompson
Hi, are you still able to help in regards to this?
You can schedule a call with my team. Link is in the description of most of my videos.
How do I contact you I’m interested
If your credit isn’t 640 could you have a co signer ?
Everyone on the loan has to have a 640 or higher.
Does Georgia Dream Program work for closing cost for USDA loan?
You may be able to use GA Dream for that, email me at TheHillTeamAtl@gmail.com and I will email you some preferred lenders.
Can I still receiver 7500 dollars if I work at school in ny ?
It depends, do you work remotely and live in Georgia? Email me and I'll put you in contact with a preferred lender that can answer that specific question. TheHillTeamAtl@gmail.com
So this cannot be combined with FHA?
It is an FHA loan for the most part. If you have a total of 20% down it becomes conventional.
What if I never sell my home?
You will only owe the money back when you sell or refinance your home. If you never sell and you mortgage is paid off. I am not sure, but the Georgia Dream admin can answer that question for you.
@@ShaheedahHill Thank you!
How long will they give you to come up with the $1000 for GA Dream?
You should have it when you apply for the mortgage, because typically we will use that amount as your earnest money.
Thanks so much!
From the time I submitted docs, how long should it take before I find out if I'm approved or not. I started 9/31/20.
@@tammiejordan8207 did you get approved?
@@DJTREO650 yes, I close 12/1.
@@tammiejordan8207 hey there ran across this video how do you apply
What is the limit for home value in Decatur area?
$250K thanks for watching
Just curious as to your opinion, but don't these limits seem low for metro Atlanta? I am a renter and have been starting to look around to get an idea of neighborhoods I like and costs of homes I like. But to be in a nice neighborhood and good school district and not live beyond the perimeter this limit seems low. And it makes me wonder if the GA Dream program is designed to limit the type of neighborhood you can live in.
When it becomes a buyer's market and prices drop will options get better?
Or is the GA dream home program just not for me?
@@stephaniesquared6339 I don't think that is case, school ratings and home values usually go hand in hand. They generally use an overall average based on average income. The thought process is people that have the income to qualify for a more expensive home also have the money to save a down payment. However, there are other county programs that have higher limits. DeKalb County has one www.decidedekalb.com/what-we-do/we-dekalb.stml. I hope that is helpful and thank you for watching. I just started a new channel specifically for all Georgia Down Payment Assistance Options, not just Georgia Dream. It will also include buyer success stories. Please subscribe if you are interested czcams.com/channels/uxsFZT84t5KcZ3C9pSJwDA.html
How years do you have to be on the job to qualify?
Usually 2, unless you are just out of college. College will count towards the years.