Exciting News: Introducing the Georgia Dream Peach Plus Loan Program

Dated: May 21 2024

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I hope this message finds you well. I am thrilled to share some fantastic news from the State of Georgia! The launch of the Georgia Dream Peach Plus loan program brings a wealth of opportunities for homebuyers, making the dream of homeownership more accessible and affordable. Here’s a closer look at the key features of this exciting new program:

Access to Financing

The Georgia Dream Peach Plus program offers a 30-year fixed FHA loan at competitive market rates. This provides homeowners with stability and security, ensuring they can plan their financial future with confidence.

Increased Income Limits

One of the standout features of the Peach Plus program is the raised income limits. This change allows a broader range of homebuyers to qualify for the program, ensuring more families can access affordable housing options.

Higher Purchase Price Allowance

By increasing the maximum purchase price of homes, the Georgia Dream Peach Plus program expands the scope of affordable housing. This means that families who were previously excluded due to limited affordability options now have a better chance of finding a suitable home.

Down Payment Assistance

Making homeownership more affordable, the program offers down payment assistance to eligible borrowers. This significantly reduces the financial burden associated with purchasing a home.

Standard Down Payment Assistance

Eligible borrowers can receive three and a half percent of the property purchase price or a maximum of $10,000 in down payment assistance.

Down Payment Assistance for Protectors, Educators & Nurses (PEN) and CHOICE

For protectors, educators, nurses, and those qualifying under the CHOICE program, the assistance increases to four percent of the purchase price or a maximum of $12,500.

Qualification Criteria

To take advantage of the Georgia Dream Peach Plus program, borrowers must meet the following criteria:

  • Minimum Credit Score: 640
  • Debt-To-Income (DTI) Requirements: Must be met according to program guidelines
  • Household Income: Must not exceed 150 percent of the Average Median Income
  • Homebuyer Education: Completion of a HUD-approved Homebuyer Education course is required

As a dedicated Realtor with Virtual Properties Realty, I am here to help you navigate the home buying process and take full advantage of this remarkable opportunity. If you have any questions or need more information about the Georgia Dream Peach Plus program, please don't hesitate to reach out to me at BridgemanAtlanta@gmail.com or call me directly at 404.514.4494.

Let's work together to make your dream of homeownership a reality with the Georgia Dream Peach Plus loan program!

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Rorey Bridgeman

Buying and selling real estate can be one of the most stressful experiences of your life. But with the right realtor by your side it can be stress-free and even exciting. That's why most of Rorey Brid....

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