ATLANTA – Invest Atlanta announced today its Housing Finance Division has been selected as one of five in the nation to offer Fannie Mae’s flagship affordable housing program, Housing Finance Agencies (HFA) Preferred. The program enables Invest Atlanta to offer home loans at belowmarket interest rates to first-time homebuyers with low mortgage insurance costs.

“Our partnership with Fannie Mae comes at an optimal time when the housing market in Atlanta is rebounding,” said Dawn Luke, managing director of Housing Finance at Invest Atlanta. “Programs like HFA Preferred are instrumental in supporting this turnaround in the local housing market by making homeownership in Atlanta achievable.”

Through HFA Preferred, Invest Atlanta will provide loans with up to 97 percent loan-to-value ratio. The program is ideal for borrowers with limited funds for down payment and closing costs and those needing extra flexibilities on credit, income sources or access to special options.

This program rounds out Invest Atlanta’s home ownership resources. Programs offered include Home Atlanta 4.0, one of Invest Atlanta’s newest programs and offers two options for purchases and no cashout refinances, Atlanta Affordable Homeownership Program (AAHOP) which provides $10,000 or $20,000 in mortgage assistance in the form of a zero-percent interest rate soft second mortgage, and Vine City/English Avenue Trust Fund (HOAP), a program that delivers a zero-percent interest rate loan of up to 10 percent of purchase price.

For more information on HFA Preferred or to apply, please visit: www.investatlanta.com/intownliving/downpayment-assistance-programs/hfa-preferred.