SAVANNAH DREAM MAKER PROGRAM – HOME BUYER ASSISTANCE

Many people dream of owning a home but think it’s not possible. The Get It Sold Team @ Keller Williams Realty, 912.495.8113, may have a solution for you. We’ve outlined the City of Savannah’s basic steps in obtaining Home Buyer Assistance (for use towards down payment, closing cost and gap financing). If you have any questions, or need more information, please call.

Savannah’s Dream Maker Home Buyer Assistance Program

The Housing Department offers three Savannah Dream Maker programs with different levels of home buying assistance offering affordable loans for down payment assistance, closing costs, gap financing and other related expenses. The level of assistance varies depending on the location and construction type of the home.

Savannah Dream Maker 1
City-wide eligibility

  • Up to $3,000 deferred, repayable upon transfer of title, refinance, or demise.
  • Minimum of $500 home buyer contribution toward home purchase
  • Outside of Target Neighborhoods


Savannah Dream Maker 2

CDBG Target Neighborhoods, Neighborhood Revalitization Areas and Succession Neighborhoods are eligible

  • Up to $6,000 deferred, repayable upon transfer of title, refinance, or demise.
  • Minimum of $500 home buyer contribution
  • House location inside of CDBG Target Neighborhoods, Neighborhood Revitalization Areas  and Succession Neighborhoods
  • Succession Neighborhoods: Edgemere/Sackville, Paradise Park/Oakhurst, Largo Woods, Wilshire Estates/Savannah Mall, and Windsor Forest

Savannah Dream Maker 3
New construction only

  • Maximum Loan amount: New Construction in Revitalization & CDBG Areas. Home must be pre-approved by the DOH for the DM 3 program prior to Construction beginning.
  • Savannah Gardens (only) – Up to $50,000**; up to $10,000 may be forgiven/granted if homebuyer lives in the house for 15 years
  • Neighborhood Revitalization Areas – Up to $30,000
  • DBG & Neighborhood Renaissance Neighborhoods – Up to $20,000
  • DOH Targeted Revitalization Area – Up to $30,000 1-story house and $40,000 2-story house.
  • CDBG Target Neighborhood – Up to $20,000
  • Maximum term: 30 years deferred, payable upon transfer of title, refinance, or demise.
  • Minimum of $500 Home buyer contribution.
  • Revitalization Areas: Benjamin Van Clark; Cuyler/Brownville; Feiler Park; Ogeecheeton; Savannah Gardens (including portions of East Savannah & Twickenham); West Savannah and Waters Avenue Corridor (One Block East and West of Waters Avenue)

**For a limited time, select homes at Savannah Gardens may be eligible for up to $70,000 in Savannah Dream Maker Assistance!

SAVANNAH GARDEN HOMES:

Other SAVANNAH AREA HOMES FOR SALE:

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The data relating to real estate for sale on this web site comes in part from the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than Keller Williams Savannah are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

 

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than Keller Williams Savannah are marked with the name of the listing brokers.

 

The broker providing these data believes them to be correct, but advised interested parties to confirm them before relying on them in a purchase decision.

 

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

 

Copyright 2014 Savannah Multi-List Corporation. All rights reserved

 

This data up-to-date as of 09/01/2014. For the most current information, contact Keller Williams Savannah ((912) 495-8113, GetItSoldTeam@gmail.com)

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Savannah shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.