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Homebanc Mortgage Corp.

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Homebanc Mortgage Corp announces proposed $97 million public offering.

ATLANTA, 7th January 2005. HomeBanc Corp., [parent of Homebanc Mortgage Corporation], announced today that the Company has filed a registration statement with the Securities and Exchange Commission with respect to a proposed underwritten public offering by the Company of approximately $97 million of Company common stock.

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HomeBanc Corp. is the parent company of HomeBanc Mortgage Corporation, a mortgage banking company that focuses on originating purchase money residential mortgage loans in the southeast United States. For more information about HomeBanc Corp., HomeBanc Mortgage Corporation or the Company's mortgage products, contact HomeBanc at http://www.homebanc.com/.

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NB. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This (press release) shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

HomeBanc Corp.

CONTACT: Media: Mark Scott, +1-404-459-7452, mscott@homebanc.com, or Investor: Carol Knies, +1-404-459-7653, cknies@homebanc.com, both of HomeBancCorp.

Web site: http://www.homebanc.com/