Memorial HCA Team Member Home Purchase Assistance

What is Memorial HCA Team Member Home Purchase Assistance?

Memorial HCA Team Member Home Purchase Assistance is a forgivable loan for homebuyers in Savannah, Georgia.

• The Memorial HCA Team Member Home Purchase Assistance Program is a 0% interest, 5-year forgivable second-lien loan of $5,000 administered by the City of Savannah Housing & Neighborhood Services Department in partnership with Memorial Health (HCA Healthcare Memorial Savannah). Restricted to Memorial HCA Healthcare team members at or below Team Leader level, in good standing, who are first-time homebuyers purchasing within Savannah city limits. The loan is forgiven if the buyer remains a Memorial employee and an owner-occupant for 5 years. Stackable with DreamMaker funds. Property must pass private inspection and City Construction Specialist inspection.
• $5,000, 0% interest, forgivable loan toward down payment and closing costs. Loan is forgiven and not repaid if the buyer continues to work for the employer (Memorial HCA Healthcare) and continues to be the owner-occupant of the house for 5 years from the date of the loan.
• Funding comes from Memorial Health/HCA Healthcare employer-paid benefit administered through City of Savannah HNSD.

Do you have to pay it back?

Memorial HCA Team Member Home Purchase Assistance is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Within the 5-year affordability period: cessation of Memorial HCA Healthcare employment, sale or transfer of title, refinance with cash-out, or failure to occupy as primary residence triggers repayment of the unforgiven balance. Loan is fully forgiven on the 5th anniversary if the buyer remains a Memorial team member and the owner-occupant.
• The assistance is recorded in 2 position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Memorial HCA Team Member Home Purchase Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Memorial HCA Team Member Home Purchase Assistance limits household income to 80% of the area median income, which varies by county and household size.

• Household income restrictions apply per City of Savannah HOME-program standards (80% AMI for Savannah MSA, FY2025): 1p $55,800; 2p $63,800; 3p $71,750; 4p $79,700; 5p $86,100; 6p $92,500; 7p $98,850; 8p $105,250.
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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?

Memorial HCA Team Member Home Purchase Assistance caps the purchase price as follows: Capped by HUD HOME Homeownership Value Limits for Chatham County / Savannah MSA when stacked with DreamMaker; approximately $255,000.

• Eligible property types include New and existing single-family houses in good condition that comply with program requirements and property must be located within Savannah city limits.
• New construction is eligible.

Is there eligibility for specific groups?

Memorial HCA Team Member Home Purchase Assistance names healthcare workers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Memorial HCA Team Member Home Purchase Assistance serves buyers purchasing in Savannah, Georgia.

How do you apply?

Applications for Memorial HCA Team Member Home Purchase Assistance 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, through HUD-approved homeownership/homebuyer education course required (City of Savannah HUD-approved counseling agency network)..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Team member contacts HNSD at (912) 651-2169 or employeedownpayment@savannahga.gov to schedule appointment, then completes application; ongoing year-round subject to fund availability., 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.