Posts Tagged ‘down payment assistance’
September of 2009 brought devastating flooding to many areas of metropolitan Atlanta, Georgia. During this time flood waters from the Chattahoochee River, the Yellow River, Peachtree Creek and hundreds of other small tributaries and?reservoirs?crested to record levels. During a 24 to 48 hour period as much as 15 inches of rain deluged the already water soaked landscape and created a new line of?demarcation?between flood zone and safe zone.
At least eight people lost their lives, hundreds were injured and thousands left homeless as the Georgia flood receded. What it left behind, as does any flood or other disaster, is wounded lives and dashed hopes and dreams. As a grim reminder of the loss of property there is a raw video feed from CNN attached. Read the rest of this entry »
— Ken Cook NMLS ID 208452
The Georgia Dream down payment assistance plan has been extended to higher loan amounts and higher income amounts in the Fall and Winter of 2009. Call me on my cell phone for specific examples of the augmentation to this program – that’s 678-439-8683.
Here is some information directly from Georgia DCA about the Georgia Dream Down Payment Assistance Plan.
Higher Income Limits!
Higher Purchase Price Limits!
No First Time Home-buyer Requirement!
In the 21 counties designated as Federal Disaster Areas.
The 21 Georgia counties are:
Carroll, Catoosa, Chattooga, Cherokee,
Cobb,Crawford, Dawson, DeKalb, Dooly, Douglas, Fulton, Gwinnett, Heard, Houston, Newton, Paulding, Peach, Rockdale, Stephens, Taylor and Walker.
For a limited time ANY HOME BUYER in these counties may qualify for Georgia Dream products with the following special guidelines:
You DO NOT have to be a First Time Home Buyer (For a Georiga Dream? First Mortgage Loan combined with NSP or “PLUS” down payment assistance)
Higher purchase price limits
Catoosa, Chattooga, Crawford, Dooly, Houston, Peach, Stephens, Taylor and Walker – $250,000
Carroll, Cherokee, Cobb, Dawson, Dekalb, Douglas, Fulton, Gwinnett, Heard, Newton, Paulding and Rockdale – $300,000
Higher Household Income limits
Catoosa, Chattooga, Crawford, Dooly, Houston, Peach, Stephens, Taylor and Walker
1 or 2 persons $73,000
3 or more persons $85,000
Carroll, Cherokee, Cobb, Dawson, Dekalb, Douglas, Fulton, Gwinnett, Heard, Newton, Paulding and Rockdale
1 or 2 persons $86,000
3 or more persons $100,000
— Ken Cook NMLS ID 208452