• Homebuyer must attend the Invest Atlanta Q & A Session

• Homebuyer must attend an 8-hour class offered by a Participating Homebuyer Educator

• Homebuyers must use a Participating Lender

• Homebuyers must close with a Participating Attorney at approved location

• Homebuyers must purchase homes in the incorporated City Limits of Atlanta

• Existing properties must be inspected prior to closing

• Homebuyers must contribute $1,500 of their own funds to the transaction (items paid for outside of closing count toward contribution)

• No first-time buyer requirements

• Property must be owner-occupied

• Homebuyers cannot own interest in any other property

• No manufactured home

PROGRAM HIGHLIGHTS:
• The program offers a competitive 30-year fixed interest rate, FHA or VA mortgage with a forgivable 5% grant to help with the down payment and closing costs. The grant is fully forgiven at closing.
• Must have a minimum credit score of 660 and maximum debt-to-income ratio of 45%

• Single family detached homes, 2-4 units, townhomes, and condominiums, newly constructed or existing, are eligible properties

• Maximum purchase price is $374,268

MAXIMUM INCOME LIMITS:

• Household of 1 - $66,200       
• Household of 2 - $75,600     
• Household of 3 - $85,100

• Household of 4 - $94,500     
• Household of 5 - $102,100

PROGRAM HIGHLIGHTS:

• The program offers a competitive 30-year fixed interest rate conventional mortgage with a forgivable 5% grant to help with the down payment and closing costs. The grant is fully forgiven at closing.

• Must have a minimum credit score of 680 with a 3% down payment or 640 with a 5% down payment and maximum debt-to-income ratio of 45%

• Single family detached homes, 2-4 units, townhomes, and condominiums, newly constructed or existing, are eligible properties Condominiums eligible at 5% down payment. All other property types are eligible for 3% down payment
• Maximum purchase price is $374,268
 

MAXIMUM INCOME:

• Household of 1 - $66,200       

• Household of 2 - $75,600     

• Household of 3 - $85,100

• Household of 4 - $94,500     

• Household of 5 - $102,100

PROGRAM HIGHLIGHTS:

•Homebuyers receive up to $10,000 towards the down payment and/or closing costs that are fully forgiven after living in the home for (5) years.

• Must qualify for 30-year fixed rate FHA, VA or Conventional mortgage loan with Invest Atlanta Participating Lender

• Acceptable minimum credit score is determined by Invest Atlanta Participating Lender

Homebuyer cannot exceed $10,000 in liquid assets

• Single family detached homes, 2-4 units, townhomes, and condominiums, newly constructed or existing, are eligible

properties

• The maximum purchase price for new and existing homes in DeKalb County is $238,000. In Fulton County, it’s $228,000 for new construction and $223,000 for existing homes

• Home Quality Standards and Environmental Review inspections are required and paid for by the program

INCOME LIMITS:

• Household of 1- $37,800       

• Household of 2 - $43,200     

• Household of 3 - $48,600

• Household of 4 - $54,000     

• Household of 5 - $58,350

PROGRAM HIGHLIGHTS:

• Homebuyers receive a 30-year, fixed rate FHA, VA or Conventional mortgage AND $10,000 towards the down payment and/or closing costs that are fully forgiven after living in the home for 10 years

• Must have a minimum credit score of 660 for an FHA mortgage loan, or with a Conventional mortgage, a credit score of 680 with a 3% down payment, or 640 with a 5% down payment

• $1,000 Program Fee

• Homebuyer cannot exceed $10,000 in liquid assets

• Single family detached homes, 2-4 units, townhomes, and condominiums, newly constructed or existing, are eligible properties

• Condominiums are eligible with a 5% down payment. All other property types are eligible for a 3% down payment

• Property must be located within city limits of Atlanta, outside of the Vine City and English Avenue neighborhoods

•Maximum purchase price is $342,700
 

MAXIMUM INCOME LIMITS:

• Household of 1- $66,200       

• Household of 2 - $67,500      

• Household of 3+ - $77,650

PROGRAM HIGHLIGHTS:

• Must qualify for 30-year fixed rate FHA or Conventional home renovation mortgage loan with Invest Atlanta Participating Lender

• Acceptable minimum credit score is determined by Invest Atlanta Participating Lender

• $1,200 Program Fee

• Borrower cannot exceed $10,000 in liquid assets

• Homebuyer must attend special home renovation class

• Single family detached homes, 2-4 units, townhomes, and condominiums, newly constructed or existing, are eligible properties

• Property must be located within city limits of Atlanta, outside of the Vine City and English Avenue neighborhoods

• Maximum purchase price is $342,700
 

MAXIMUM INCOME LIMITS:
• Household of 1- 2 - $67,500 

• Household of 3+ - $77,650

PROGRAM HIGHLIGHTS:

• Homebuyers receive $10,000 towards the down payment and/or closing costs that are fully forgiven after living in the home for (5) years and can be used with a home renovation mortgage loan

• Must qualify for 30-year fixed rate FHA, VA or Conventional mortgage loan with Invest Atlanta Participating Lender

• Acceptable minimum credit score is determined by Invest Atlanta Participating Lender
• Homebuyer cannot exceed $10,000 in liquid assets

• $1,000 Program Fee

• Single family detached homes, 2-4 units, townhomes, and condominiums, newly constructed or existing, are eligible properties

• The property must be located within incentive boundaries: Donald L. Hollowell Pkwy to the north; Northside Drive to the east; Martin Luther King Jr. Drive to the south; Joseph E. Lowery to the west

• No maximum purchase price cap
 

MAXIMUM INCOME LIMITS:

• Household of 1 - $66,200       

• Household of 2 - $75,600     

• Household of 3 - $85,100

• Household of 4 - $94,500     

• Household of 5 - $102,100