First Time Homebuyer Programs in Georgia
Page 2

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
  Back to Page 1

About The Author 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 environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been administering the Homebuyer Mortgage Program for First Time Homebuyers. The program is capable of offering home loans and below-market interest rates to first time homebuyers who reside in Connecticut and who are planning to acquire a property that is located in Connecticut.

---

Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is an independent quasi-public housing agency operating within the State of Connecticut that was established in 1969 in an effort to lessen or alleviate the hurdles regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

---

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

---

First Time Homebuyer Programs in Georgia
The state of Georgia offers a variety of programs to assist first time home buyers. The programs are offered primarily through the Georgia Department of Community Affairs.

---