<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-07-14</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001283683</issuerCik>
        <issuerName>HOMEBANC CORP</issuerName>
        <issuerTradingSymbol>HMB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001105021</rptOwnerCik>
            <rptOwnerName>GTCR GOLDER RAUNER LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6100 SEARS TOWER</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001262806</rptOwnerCik>
            <rptOwnerName>GTCR CO INVEST LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6100 SEARS TOWER</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606-6402</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001262949</rptOwnerCik>
            <rptOwnerName>GTCR PARTNERS VII L P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6100 SEARS TOWER</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001104997</rptOwnerCik>
            <rptOwnerName>GTCR FUND VII LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6100 SEARS TOWER</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001104630</rptOwnerCik>
            <rptOwnerName>GTCR FUND VII/A L P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6100 SEARS TOWER</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606-6402</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>56166</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by HBMC Holdings, LLC</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6134957</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by HBMC Holdings, LLC</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4250000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by GTCR Fund VII/A, L.P.</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">GTCR Golder Rauner, L.L.C. (&quot;GTCR&quot;) is the general partner of GTCR Co-Invest, L.P., which is a member of HBMC Holdings, LLC (&quot;Holdings LLC&quot;), which is the direct beneficial owner of 56,166 shares reported in Table I.  As such, GTCR may be deemed to be the beneficial owner of 56,166 shares held directly by Holdings LLC.  GTCR expressly disclaims beneficial ownership of 56,166 held directly by Holdings LLC.  The filing of this form shall not be deemed an admission that GTCR is, for Section 16 purposes or otherwise, the beneficial owner of such shares.</footnote>
        <footnote id="F2">GTCR is the general partner of GTCR Partners VII, L.P. (&quot;GTCR Partners VII&quot;), which is the general partner of GTCR Fund VII, L.P. , which is a member of Holdings LLC, which is the direct beneficial owner of 6,134,957 shares reported in Table I.  GTCR Partners VII is also the general partner of GTCR Fund VII/A, L.P. (&quot;Fund VII/A&quot;), which is the direct beneficial owner of 4,250,000 shares reported in Table I.  As such, GTCR and GTCR Partners VII may be deemed to be beneficial owners of 6,134,957 shares held directly by Holdings LLC and 4,250,000 shares held directly by Fund VII/A.  GTCR and GTCR Partners VII expressly disclaim beneficial ownership of 6,134,957 shares held directly by Holdings LLC and 4,250,000 shares held directly by Fund VII/A.  The filing of this form shall not be deemed an admission that GTCR or GTCR Partners VII is, for Section 16 purposes or otherwise, the beneficial owner of such shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ GTCR Golder Rauner, L.L.C. (''GTCR''), by Joseph P. Nolan, its Senior Principal</signatureName>
        <signatureDate>2004-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ GTCR Co-Invest, L.P., by GTCR, its general partner, by Joseph P. Nolan, its Senior Principal</signatureName>
        <signatureDate>2004-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ GTCR Partners VII, L.P. (''GTCR Partners VII''), by GTCR, its general partner, by Joseph P. Nolan, its Senior Principal</signatureName>
        <signatureDate>2004-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ GTCR Fund VII, L.P., by GTCR Partners VII, its general partner, by GTCR, its general partner, by  Joseph P. Nolan, its Senior Principal</signatureName>
        <signatureDate>2004-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ GTCR Fund VII/A, L.P., by GTCR Partners VII, its general partner, by GTCR, its general partner, by Joseph P. Nolan, its Senior Principal</signatureName>
        <signatureDate>2004-07-14</signatureDate>
    </ownerSignature>
</ownershipDocument>

