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Hot Strategies For Where To Find Georgia First Time Home Buyer Grants Effectively

By Bill Johnson

This may be your first time buying, or thinking about buying a home. If so, you may be thinking about the immense closing and down payment costs that buying a house may entail. However, if you are a first time home-buyer, and are within a certain income bracket you may be eligible for a state grant to help you with these expenses. So, where to find Georgia first time home buyer grants in your area? Read on for more information!

The money provided is in the form of a state grant. The amount you may be eligible to receive can actually be in the thousands. Your first step in pursuing the possibilities is doing your research.

Find out more information on the grant programs through the Georgia Department of Community Affairs. One of the main determining factors on whether an applicant receives a grant is their income. These grant programs are aimed at getting lower-income families into homes of their own. The Georgia Dream Home program is the actual agency that disperses the grants.

The aim of this program is to find a solution to the number of foreclosed properties in the state of Georgia. This means that although you may receive the grant money, your options of where you live may be restricted to particular areas throughout the state. Since this money is given to help the costs that are associated with closing and down payments on a home, it comes with some strings attached. Namely, limiting your choices and the neighborhoods you consider.

The money given is a grant, but it is given in a similar loan fashion. However, the recipient is not expected to make payments on the loan. Interest does not accrue on the loan either. The only way the lender gets repaid is if the property is sold. In this case, they receive their money back. If the property is not sold and stays in your possession than the loan is forgiven within a particular time frame.

The Georgia Dream Program is the first point of contact for an individual who is interested in finding out more on this program. The participating lender will move forward by assessing a candidates qualifications. The candidate’s credit background is checked according to particular guidelines, as well as program eligibility. Once a candidate is pre-qualified, the process begins on finding a mortgage.

The application process requires that an individual eligible to receive benefits has to receive several hours of face-to-face personal training from a home buyer counselor. This counselor is an official agent of the HUD (Department of Housing and Urban Development) counseling agency. This is to ensure the new home-owner understands the implications of becoming a first-time home buyer and owner.

So, where to find Georgia first time home buyer grants starts with contacting a Georgia Dream lender. Once you have gotten in touch with this agency you will be able to tap into multiple sources of information from this agency. Remember to check out any possibilities with federal grants as well. Make sure you cover all of the possibilities available to you.

Any GA first time home buyer gets the advantages of many properties from which to select and depressed housing market costs. In addition, first time home buyer grants help to pay part of the required fees and costs.

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Article Citation
MLA Style Citation:
Johnson, Bill "Hot Strategies For Where To Find Georgia First Time Home Buyer Grants Effectively." Hot Strategies For Where To Find Georgia First Time Home Buyer Grants Effectively. 22 Jun. 2010. 10 Feb 2016 <>.

APA Style Citation:
Johnson, B (2010, June 22). Hot Strategies For Where To Find Georgia First Time Home Buyer Grants Effectively. Retrieved February 10, 2016, from

Chicago Style Citation:
Johnson, Bill "Hot Strategies For Where To Find Georgia First Time Home Buyer Grants Effectively"

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