Georgia

Down payment assistance for Georgia

Three programs listed below can help with the cost of buying a home in Georgia, and each can sit inside a riba-free structure.

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Georgia Dream Homeownership

Georgia makes homeownership more accessible for first-time homebuyers with the Georgia Dream Homeownership Programs! Under this, qualified borrowers can afford the down payment and closing costs though various products under its banner.

Click here for products under the program.

Learn more about the program here

Requirements

First-time homebuyers or applicants who have not owned a home in the past 3 years

Maximum household income per state limits

Have liquid assets more than $20,000 or 20% of sales price upon closing, whichever is greater

Meets mortgage loan credit requirements

Products under the Georgia Dream Program

Standard

5% of purchase price or $10,000 (whichever is lesser)
Available for all homebuyers

Protectors, Educators, & Nurses (PEN)

6% of purchase price or $12,500 (whichever is lesser)
Available for public protectors, educators, healthcare providers, military, or working under these industries

Choice

6% of purchase price or $12,500, (whichever is lesser)
For applicants with a family member living with disability

Peach Advantage Program

Part of the Georgia Dream suite of products, the Peach Advantage program lets borrowers receive up to 5% assistance for down payment and closing costs at a competitive rate.

Learn more about the program here

Requirements

Minimum FICO score of 640 (660 for manufactured homes)

DTI ratio of 45% for FICO of 640-699

Have a household income up to 150% of the Area Median Income

Meet mortgage loan credit requirements

Peach Plus Program

The Peach Plus under the Georgia Dream Program expands accessibility to homeownership opportunities across the state.

Click here for products under the program.

Learn more about the program here

Requirements

Expanded household income limitations apply

Have liquid assets of no more than $20,000 or 20% of the sales price, whichever is greater

Meet minimum credit requirements

Available for repeat homebuyers

Products under the Peach Plus Program

Standard

3.5% of purchase price or $10,000 (whichever is lesser)
Available for all homebuyers

Protectors, Educators, & Nurses (PEN)

4% of purchase price or $12,500 (whichever is lesser)
Available for public protectors, educators, healthcare providers, military, or working under these industries

Choice

4% of purchase price or $12,500, (whichever is lesser)
For applicants with a family member living with disability

Preferred professional

Your preferred professional in Georgia

Realtors who know the Ijara™ structure, working with buyers in Georgia.

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Available programs

Features of Sharia-compliant programs

Through partnerships with investors, ijaraCDC offers a diverse list of programs that will fit the needs of any Muslim home buyer.

No Credit Program

Get a home even without established credit history.

Low Credit Program

Low credit score? No problem!

VA Program

Take advantage of VA housing offers for veterans.

Down Payment Assistance

Get up to 3.5% grant for your down payment.

USDA 100% Financing

100% financing for homes in USDA-designated areas.

Physician Program

Helping residents reside in their forever homes the sharia way.

Frequently asked questions

Georgia down payment questions

Our team answers by phone or email during business hours, and confirms what is available where you are buying.

Is down payment assistance available in Georgia?

Yes. The three programs listed above can help with the cost of buying in Georgia, and ijara CDC can pair them with a riba-free structure.

Can DPA be used with Sharia-compliant financing?

Yes. The assistance covers your contribution to the co-ownership, and the agreement itself stays free of riba.

How much can I receive?

It depends on the program and your household income. Contact us for the current position where you are buying.

How long does pre-qualification take?

About ten minutes, and it does not affect your credit.

What can I finance in Georgia?

Residential and commercial property, plus residential and auto conversions from an existing riba-bearing loan.