Georgia Dream Peach Select Veterans Assistance Loan Program

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Basic Info

Any borrower who qualifies for a traditional Georgia Dream VA Loan is eligible to apply for the Georgia Dream Peach Select Veterans Assistance Loan Program.

The Georgia Dream Peach Select Veterans Assistance Loan Program offers a low interest rate with no down payment assistance provided. This program is an extension of the Georgia Dream initiative, aimed at making homeownership more accessible for all Georgians.

Eligible Applicants for Peach Select Veterans Assistance Loans

Georgia Dream Peach Select Veterans Assistance loans* are available to:

  • First-time homebuyers, OR
  • Homebuyers who have not owned a home** in the past three years, OR
  • Those who purchase a home in certain areas

Who also:

  • Have a household income up to the maximum
  • Meet mortgage loan credit requirements

*Loans are 30-year fixed low interest rate mortgages. Participating lenders give credit approval for VA mortgage loans.

**Homebuyers who have not had interest or ownership in a primary residence in the last three years.

Home Sales Price and Maximum Household Income

Effective April 15, 2024:

Area/County
Home Sales Price
Household Income
Atlanta - Sandy Springs - Roswell, GA HUD Metro
Barrow County, Bartow County, Carroll County, Cherokee County, Clayton County, Cobb County, Coweta County, Dawson County, DeKalb County, Douglas County, Fayette County, Forsyth County, Fulton County, Gwinnett County, Heard County, Henry County, Jasper County, Newton County, Paulding County, Pickens County, Pike County, Rockdale County, Spalding County, Walton County
$400,000
1-2 persons: $107,796
3+ persons: $123,966
Athens, GA MSA
Clarke County, Madison County, Oconee County, Oglethorpe County, Morgan County
$350,000
1-2 persons: $95,505
3+ persons: $109,831
All Other Georgia Counties
$3350,000
1-2 persons: $90,600
3+ persons: $104,190 

How Do I Get Started?

Contact a Georgia Dream Participating Lender to pre-qualify and begin the mortgage loan process. Click the icon below to find a list of participating lenders or call 1-800-359-HOME (4663).

Documents

FAQs

Frequently Asked Questions

What is the Peach Select VA Loan Program?

The Peach Select VA Loan Program is a financing option tailored specifically for veterans, offering a low interest rate with no down payment assistance provided. This program is an extension of the Georgia Dream initiative, aimed at making homeownership more accessible for all Georgians.

Who can apply for the Peach Select VA Loan Program and when?

Any borrower who qualifies for a traditional Georgia Dream VA Loan is eligible to apply for the Peach Select Veterans Assistance Loan Program starting March 15th, 2024. 

What is the interest rate and how will it be different from the Georgia Dream program?

The initial interest rate for the Peach Select Veterans Assistance Loan Program is set at five percent (5.00%). Going forward, interest rates will be determined weekly by the Georgia Department of Community Affairs, ensuring rates remain competitive and favorable to borrowers. 

Why is down payment assistance not offered with the Peach Select VA Loan Program?

The low interest rates provided by this program are expected to yield significant cost savings for qualified applicants, effectively serving as an alternative to traditional down payment assistance benefits. 

Can I apply for the Peach Select VA Loan Program and another Georgia Dream Program at the same time?

Borrowers cannot simultaneously apply for or receive benefits from both the traditional Georgia Dream program and the Peach Select Veterans Assistance Loan Program. 

Can a borrower use another DPA program that is not Georgia Dream with this new program?

Borrowers may still utilize other down payment assistance programs in conjunction with the Peach Select Veterans Assistance Loan Program, subject to Georgia Dream policy. Layering of any subordinate financing must be submitted for review and approval. 

What if I have already applied for another Georgia Dream program before March 15th, 2024?

Borrowers who have previously applied for another Georgia Dream program before March 15th, 2024, and have not yet had their loan approved and purchased, will need to cancel their existing application and reapply for the Peach Select Veterans Assistance Loan Program. It is advised to consult with your loan officer and DCA before proceeding with cancellation. 

What else do I need to know about how the Peach Select VA Loan Program is different from the traditional Georgia Dream Program?

  • The minimum investment from borrowers is $500.
  • The maximum Loan-to-Value ratio is 100%.
  • The minimum credit score is 640, however the allowable maximum Debt-to-Income ratio will be determined by the Automated Underwriting System.