City of Savannah Housing & Neighborhood Services Department

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DreamMaker Home Purchase Assistance Program

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City of Savannah Housing & Neighborhood Services DepartmentGAFirst-Time HomeownerCity of Savannah administered 2 percent interest 30 year deferred payment second mortgage that can be layered with a first mortgage to provide down payment, closing cost, and gap financing assistance to eligible buyers.

Updated: Dec 6, 2025

City of Savannah’s flagship DreamMaker program offers substantial, low-interest deferred loans—up to $50,000—for down payment, closing costs, and gap financing to help first-time buyers purchase homes within Savannah.

Eligible for: Income-eligible first-time homebuyers purchasing a primary residence within Savannah city limits; must complete approved homebuyer education…

Funding: Provides up to 50,000 dollars as a 2 percent interest 30 year deferred payment loan for homes developed in partnership with the City of Savannah and up to 30,000 dollars as a 2 percent interest 30 year deferred payment loan for other eligible properties, usable toward down payment, closing costs, and gap financing.Deadline: Rolling / first-come, first-served while funds are availableRollingLocalhomebuyerfirst-time homebuyerlow-income homebuyerSavannah residentdown payment assistanceclosing cost assistancegap financing2% interestdeferred loansecond mortgagecity program

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