Georgia Dream Peach Plus

What is Georgia Dream Peach Plus?

Georgia Dream Peach Plus is a deferred second loan for homebuyers in Georgia.

• The Georgia Dream Peach Plus Loan Program (administered by GA DCA) provides 0% interest deferred second mortgage assistance to eligible homebuyers statewide. Unlike the Standard program, Peach Plus does NOT require first-time homebuyer status. Three tiers: Standard — 3.5% of purchase price up to $10,000; PEN (Protectors/Educators/Nurses) — 4% up to $12,500 for public protectors, educators, healthcare workers, and active military/veterans; Choice — 4% up to $12,500 for households with a family member with a disability. Eligible first mortgage types: FHA and VA only. Income limit: up to 150% AMI. Min credit score: 640. Repayment deferred until sale, refinance, or home is no longer primary residence. HUD-approved homebuyer education required.
• 0% interest deferred second mortgage — no monthly payments required.
• repaid only upon sale, refinance, or when property is no longer primary residence.
• Standard tier: 3.5% of purchase price up to $10,000 for all eligible borrowers.
• PEN tier: 4% of purchase price up to $12,500 for public protectors, educators, nurses, and active military/veterans.
• Choice tier: 4% of purchase price up to $12,500 for households with a family member with a documented disability.
• No first-time homebuyer requirement.
• Compatible with FHA and VA loans only.
• Available statewide through approved Georgia Dream lenders.
• Funding comes from State.

How much assistance does it provide?

Georgia Dream Peach Plus offers between $10,000 and $12,500 in assistance, depending on the award tier a buyer qualifies under.

• Award tier “Standard” — up to $10,000. Who qualifies: All eligible borrowers meeting Peach Plus income, credit, and loan type requirements; 3.5% of purchase price up to $10,000.
• Award tier “PEN” — up to $12,500. Who qualifies: Public educators, first responders, healthcare workers, active military/veterans, and law enforcement officers.
• Award tier “Choice” — up to $12,500. Who qualifies: Households with a family member who has a documented disability.
• The program asks buyers to contribute $1,000.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Georgia Dream Peach Plus is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Sale, Refinance, No Longer Primary, and Transfer of Title.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Georgia Dream Peach Plus is open to buyers who will live in the home as their primary residence.

What are the income limits?

Georgia Dream Peach Plus limits household income to 150% of the area median income, which varies by county and household size.

• Up to 150% AMI; income limits vary by county and household size. Peach Plus has higher income limits than the Standard Georgia Dream program. See GA DCA website for current county-by-county limits.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Georgia Dream Peach Plus caps the purchase price at $541,287.

• Eligible property types include Single Family, Condo, Townhouse, and New Construction.
• New construction is eligible.

Where does it apply?

Georgia Dream Peach Plus serves buyers purchasing anywhere in Georgia.

How do you apply?

Applications for Georgia Dream Peach Plus go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through First-Come-First-Served, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.