Peach Plus Loan Program FAQs

Commonly asked questions about the Georgia Dream Peach Plus Loan Program.

  • What is the Georgia Dream Peach Plus Loan Program?

    The Georgia Dream Peach Plus Loan Program is an innovative program aiming to help borrowers who do not meet the eligibility requirements for GHFA’s traditional Georgia Dream non-taxable mortgage revenue bond program. This program will not have a first-time home buyer requirement and the income and acquisition cost limits will be much higher compared to the traditional Georgia Dream Program.

  • Why are you introducing another program?

    For a long time, the Georgia Dream program has offered basic mortgage products restricted by Federal government policy for income and purchase price. The limited selection has excluded many potential homebuyers from receiving assistance from DCA. Georgia Dream Peach Plus will have less restrictions thus opening opportunities for more homebuyers.

  • Who is eligible for this new program and when can they apply?

    All aspiring homebuyers who qualify for a FHA loan will be able to apply for the Georgia Dream Peach Plus program beginning April 15th, 2024. You do not need to be a first-time home buyer.

  • What additional documents will a borrower need to submit for this loan?

    Please follow the Georgia Dream underwriting checklist available on Lender Online as you would with the Georgia Dream program. Lenders will need to log on to Lender Online and click the link, “Georgia Dream Peach Plus” to submit the loan application.

  • What are the income and purchase limits for Peach Plus?

    Please refer to the tables on page 2 of this document for details on income and purchase price.

  • What is the down payment amount for this loan?
    • Standard DPA: 3.5% (three and a half percent) of the property purchase price or a maximum $10,000, whichever is the lesser amount. 
    • PEN/Choice DPA: 4% (four percent) of the property purchase price or a maximum of $12,500 whichever is the lesser amount.
  • Can a borrower apply for Peach Plus and another Georgia Dream Program?

    Borrowers are not permitted to apply for or receive benefits from any other Georgia Dream program and Peach Plus simultaneously.  

  • Can a borrower use another down payment assistance program that is not under Georgia Dream with this new program?

    Yes. Public and privately sponsored down payment and closing cost assistance programs are allowed. However, layering with any subordinate financing must be preapproved by Georgia Dream compliance manager, except for employer assistance programs.

  • What if I had already applied for another Georgia Dream program before April 15, 2024?

    If you had already applied for another Georgia Dream program and your loan has not yet been approved and purchased, you will need to cancel your application and reapply afresh for this new loan program. *Please note that certain terms and conditions may apply; therefore, first seek advice from your loan officer before cancelling your application*