Peach Advantage Loan Program

What is Peach Advantage Loan Program?

Peach Advantage Loan Program is a deferred second loan for homebuyers in Statewide, Georgia.

• Launched July 1, 2025, the Peach Advantage Loan Program is DCA's newest non-bond first-mortgage product that broadens eligibility beyond traditional Georgia Dream. It offers a 30-year fixed-rate Conventional first mortgage paired with concurrent 0% interest down payment assistance ranging from 2% to 5% of the first-mortgage amount. Borrowers can alternatively elect a 0% DPA option in exchange for a reduced first-mortgage interest rate. Open to households up to 150% AMI; not restricted to first-time homebuyers. Non-bond execution funded through Lakeview Loan Servicing's TBA program means no IRS recapture tax.
• 0% interest, non-forgivable concurrent second mortgage providing 2%, 3%, 4%, or 5% of the first-mortgage loan amount as down payment assistance. Alternative 0% DPA option pairs with a reduced first-mortgage interest rate. First mortgage is a 30-year fixed-rate Conventional loan with private mortgage insurance over 80% LTV, serviced by Lakeview Loan Servicing, LLC. Non-bond TBA execution.
• not subject to IRS recapture.
• Funding comes from State and TBA.

How much assistance does it provide?

Peach Advantage Loan Program provides assistance worth 5% of the purchase price, as set by the program.

• Buyer contribution: Per Conventional product requirements (no DCA-specific minimum).
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Peach Advantage Loan Program 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, transfer, refinance, payoff of first mortgage, or when property ceases to be borrower's primary residence (DPA is non-forgivable).
• 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?

Peach Advantage Loan Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Peach Advantage Loan Program limits household income to 150% of the area median income, which varies by county and household size.

• Up to 150% of Area Median Income per Fannie Mae and Freddie Mac AMI Lookup Tools by property census tract. Atlanta MSA AMI is approximately $112,400 (4-person 100%); 150% AMI threshold therefore approaches $168,600 - $224,750 depending on property location.
• 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?

Peach Advantage Loan Program caps the purchase price at $650,000.

• Eligible property types include Single-family detached, townhouse, condo (Fannie Mae-approved), planned unit development.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Peach Advantage Loan Program serves buyers purchasing in Statewide, Georgia.

How do you apply?

Applications for Peach Advantage Loan Program 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 DCA-approved Homebuyer Education / HUD-approved housing counseling agencies.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Reserved by Participating Lender via DCA's online lender portal at time of first-mortgage reservation; Lakeview Loan Servicing sets the first-mortgage interest rate, 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.