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New program expands down payment assistance for homebuyers in Georgia

close up view hand of property realtor / landlord giving key house to buyer / tenant.
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If you’re a future Georgia homeowner, there’s good news for you. The Georgia Department of Community Affairs (DCA) has launched the Georgia Dream Peach Advantage Loan Program.

The initiative took effect on July 1 and aims to provide greater down payment assistance for both individuals and families. The program has expanded down payment assistance options from two percent up to five percent. There is also a zero percent down payment option with a reduced first mortgage interest rate.

The DCA recommends you consult with your loan officer and DCA before canceling your existing application.

You can learn more about the program at dca.georgia.gov.

Jeff has delivered morning news at WUGA Radio for more than a decade. He was among a team at CNN that won a George Foster Peabody Award in 1991 for an educational product based on the fall of the Soviet Union. He also won an Edward R. Murrow Award from Radio Television Digital News Association in 2007 for producing a series for WSB Radio on financial scams. Jeff is a graduate of the Babcock Graduate School of Management at Wake Forest University (MBA) and holds a BS in Business Administration from Campbell University, both in North Carolina.
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