First Time Homebuyer Programs in Georgia
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The funds that are provided under the CHIP can be used in several ways, such as to provide down payment assistance or homeowner rehabilitation funding to eligible low- and low-moderate income households in Georgia.

b) Emergency Solutions Grants Program (ESGP) - This program mainly concentrates on providing outreach, shelter, rapid re-housing, homelessness prevention and related services to people experiencing homelessness, or for people whose welfare are in danger as a result of homelessness.

The ESGP is the agency's attempt at enabling homeless individuals and families to move toward independent living as well as to prevent future instances or possibilities of homelessness.

c) Georgia Dream Homeownership Program - This program is DCA's leading program that is designed to assist low and moderate income families in the complex process of procuring a home.

The program is divided into two subprograms: the First Mortgage Loan Financing, which provides low-interest rate mortgage loans (payable for up to 30 years) to eligible borrowers with moderate incomes and modest assets, and the Down Payment and Closing Cost Financing Program which provides the eligible borrowers of the First Mortgage Loan Financing Program with the opportunity to procure a second loan worth $7,500 to cover the property's downpayment and closing costs.

First Time Homebuyer Programs in Georgia
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About The Author Michael Saunders Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on home improvement grants and loans and children grant funding.

Additional Resources

category - Home Buying Programs

Downpayment Assistance Program for the First Time Home Buyers in North Carolina
In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property.

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Down Payment Assistance Loan for First Time Home Buyers in New York
In line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.

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Can You Use Government Grants to Become A Real Estate Entrepreneur?
Real Estate Apprentice Grant your way to being a Real Estate Entrepreneur...

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Construction Incentive Program for First Time Home Buyers in New York
Under the State of New York Mortgage Agency, the Construction Incentive Program has been established. The goal of this program is to enable the construction of one and two family homes through the provision of funds, up to 97% of the value of the property, to eligible low to moderate income first time home buyers.

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