Buyers must meet several criteria to qualify for the Georgia First Time Home Buyer. Firstly, they must be first-time homebuyers or have not owned a home in the past three years unless they purchase a home in specified areas of Georgia. Additionally, their household income must be, at most, the maximum limit set by the Georgia Department of Community Affairs, with specific income thresholds available on their website. Liquid assets must be no more than $20,000 or 20% of the sales price, whichever is greater.These requirements collectively ensure eligibility for the Georgia Dream Homeownership Program, facilitating access to homeownership opportunities for qualified individuals.
