The loan is a second mortgage lien that must be repaid only when the home is sold, refinanced, or no longer used as a primary residence. 2. Teacher Next Door™ Program
: Provides up to 6% of the sales price (max $10,000) for down payment assistance. A portion of this loan is forgiven annually from years 2 to 6. Apply for the Georgia Dream Homeownership Program
Teachers willing to live in specific communities for at least 3 years. 1. Georgia Dream Homeownership Program (PEN)
You must commit to living in the home as your sole residence for a full 36 months .
You can buy a home for half of its appraised value.