Buying a Home?

Homebuyer Incentives

Invest Atlanta offers homebuyer incentives that can make your dream of homeownership come true.

Getting Started

  1. Attend Invest Atlanta’s Q & A Session. Click here to RSVP.
  2. Enroll in a Homebuyer Education class. Click here for a list of Participating Homebuyer Educators.
  3. Contact a Participating Lender to get pre-qualified and secure a first mortgage loan. Click here for a list of Lenders.
  4. Find a home within the city limits of Atlanta. To determine if the property is located in the city of Atlanta, click here for instructions.
  5. Close with a Participating Closing Attorney. Click here for a list of Closing Attorneys.

HOME Atlanta 4.0

Incentive Structure

HOME Atlanta 4.0 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.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate FHA or VA mortgage loan with Invest Atlanta Participating Lender
  • Must have a minimum credit score of 660 and maximum debt-to-income ratio of 45%

Eligible Properties

  • 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 Size Maximum Income Limits
1 person Household $68,350
2 person Household $78,100
3 person Household $87,850
4 person Household $97,600
5 person Household $105,450

HFA PreferredTM

Incentive Structure

HFA Preferred™ 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.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate Conventional mortgage loan with Invest Atlanta Participating Lender
  • Must have minimum credit score of 640 and maximum debt-to-income ratio of 50%

Eligible Properties

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

Maximum Income Limits

Household Size Maximum Income Limits
1 person Household $68,350
2 person Household $78,100
3 person Household $87,850
4 person Household $97,600
5 person Household $105,450

VCRI (Vine City Renaissance Initiative)

Incentive Structure

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

Homebuyer Requirements

  • Must qualify for 30-year fixed rate FHA, VA, Conventional or Renovation mortgage loan with Invest Atlanta Paricipating Lender
  • Acceptable minimum credit score is determined by Invest Atlanta Participating Lender
  • Homebuyer cannot exceed $10,000 in liquid assets
  • $1,000 Program Fee
  • Homebuyers must attend a special renovation education class offered by Resources for Residents & Communities (rrc-atl.org/404-525-4130) or Committed to Communities (committedtocommunities.com)

Eligible Properties

  • Single family detached homes, 2-4 units, townhomes and condominiums, newly constructed or existing, are eligible properties
  • 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 Size Maximum Income Limits
1 person Household $68,350
2 person Household $78,100
3 person Household $87,850
4 person Household $97,600
5 person Household $105,450

Atlanta Affordable Homeownership Program (AAHOP)

Incentive Structure

Homebuyers receive up to $10,000 towards the down payment and/or closing costs that is fully forgiven after living in the home for FIVE years.

Homebuyer Requirements

  • 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

Eligible Properties

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

Maximum Income Limits

Household Size Maximum Income Limits
1 person Household $39,050
2 person Household $44,600
3 person Household $50,200
4 person Household $55,750
5 person Household $60,250

ATL Home Renovation Advantage

Incentive Structure

Homebuyers receive $10,000 towards the down payment and/or closing costs that is fully forgiven after living in the home for 10 years and must be used with a home renovation mortgage loan.

Homebuyer Requirements

  • 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
  • Homebuyer cannot exceed $10,000 in liquid assets
  • Homebuyers must attend a special renovation education class offered by Resources for Residents & Communities (rrc-atl.org/404-525-4130) or Committed to Communities (committedtocommunities.com)

Eligible Properties

  • 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 Size Maximum Income Limits
1-2 people Household $69,700
3 + people Household $80,150

Intown Mortgage Assistance Program (IMAP)

Incentive Structure

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

Homebuyer Requirements

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

Eligible Properties

  • 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 with 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 Size Maximum Income Limits
1 person Household $68,350
2 people Household $69,700
 3+ people Household $80,150

Incentive Basics

The basics captioned below are associated with all Homebuyer Incentives. Click the links in the menu to the left for more helpful information.

  • 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 homes

Incentives may be combined to reduce your funds needed to close. Ask your Invest Atlanta representative for details.