Academy Advantage Booklet_Kim_JeffG

Dreaming of owning a home in Georgia?

The Georgia Dream Peach Plus Loan Program can make it a reality.

Benets:

• Three categories of down payment assistance are available in the form of an interest free, deferred second mortgage:

PEN: 4% of the purchase price or a maximum of $12,500 in assistance for public protectors, educators, healthcare providers, and active military

CHOICE: 4% of the purchase price or a maximum of $12,500 in assistance for applicants or their family members living with a disability

STANDARD: 3.5% of the purchase price or a maximum of $10,000 in assistance for all other eligible homebuyers

Requirements:

• Max liquid assets of no more than $20,000 or 20% of the sales price, whichever is greater • First-time and repeat homebuyers

• FHA rst mortgage • Income and purchase price limits apply • Minimum 640 credit score

Guild Mortgage Company; NMLS #3274; Equal Housing Opportunity; www.nmlsconsumeraccess.org. All information, loan programs & interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. For more information visit: dca.ga.gov/safe-aordable-housing/homeownership/georgia-dream/georgia-dream-peach-plus-loan-program

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