Camden County Planning & Development works closely with the Georgia Department of Community Affairs (DCA) to share housing resources available to Georgia residents.
The Georgia Dream program was created to make homeownership possible for eligible low and moderate-income Georgians by providing:
- affordable financing options,
- down payment assistance, and
- homebuyer education.
The Georgia Department of Community Affairs (DCA) acts as the secondary market for lenders who want to provide an affordable mortgage product. Potential homebuyers apply with participating lenders for Georgia Dream loans. The loans are secured or guaranteed by FHA, VA, USDA-RD or conventional uninsured loans. Once the lender has completed the process and gives credit approval, the information is forwarded to DCA for compliance review and funding approval. Rates are available from participating lenders. Borrowers must attend and complete either a homebuyer education workshop, individual housing counseling sessions, or an online homebuyer education course through E-Home America.
Loans are available to:
- First-time homebuyers
- Homebuyers who have not owned a home in the past three years
- Those who purchase a home in certain areas
- Have a household income up to the maximum
- Have liquid assets of no more than $20,000 or 20% of the sales price (whichever is greater)
- Meet mortgage loan credit requirements