House Location | House Type | Maximum Loan Amount |
Savannah Gardens | New | Up to $50,000 |
Cuyler-Brownville | New | Up to $50,000 |
West Savannah | New | Up to $50,000 |
City or LBA Lots | New | Up to $50,000 |
Other Locations | New or Existing | Up to $30,000 |
NOTES:
- Loan amounts are for households with incomes at or below 80% of the AMI. Up to $10,000 may be available for households with incomes above 80% AMI not to exceed $65,000.
- Loan amounts and house locations are subject to change at any time.
- Loan amounts are subject to funding availability.
- Eligibility and loan amounts are determined by DreamMaker Loan Committee based upon buyer income, debt load, and other variables.
- LBA stands for Chatham County/City of Savannah Land Bank Authority
- Buyers receiving more than $30,000 must be purchasing new houses that meet DreamMaker design and building standards.
Special Additional Home Purchase Assistance
Homebuyers may be eligible for other grants, forgivable loans, and/or loans that are neighborhood-based and/or offered by employers and mortgage lenders, including but not limited to:
Neighborhood-Based Home Purchase Programs | Type | Maximum Amounts |
Savannah Gardens – CHSA, Inc. | Loan | $10,000 |
Cuyler-Brownville Homes Initiative – Galvan Savannah | Loan | $10,000 |
Employer Assisted Home Purchase Programs | Type | Maximum Amounts |
City of Savannah Employees | Forgivable Loan | $5,000 to $15,000 |
St. Joseph’s/Candler Health System | Forgivable Loan | $3,000 |
Memorial Health University Medical Center | Forgivable Loan | $5,000 |
For more information call 912-651-6926.