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.

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.

Peach Advantage Loan Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: 640 minimum FICO (subject to AUS findings and product overlays). A homebuyer education course is required, through DCA-approved Homebuyer Education / HUD-approved housing counseling agencies. Residency requirement: Property must be located in Georgia and be the borrower's primary residence. Citizenship or immigration status: U.S. citizen or qualified permanent/non-permanent resident alien. Household income up to 150% of Area Median Income (per Fannie Mae and Freddie Mac AMI Lookup Tools by census tract). Not restricted to first-time homebuyers. Must qualify for a Conventional first mortgage with PMI over 80% LTV. Pre-purchase homebuyer education required.

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.

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.

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

Applications for Peach Advantage Loan Program go through the administering agency, which publishes the current terms and the application steps on its own site. 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. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.