Assistance Programs & Incentives
There are multiple options to help make your dream of homeownership possible within the City of Atlanta. Incentives can be combined to reduce the funds you need to close.
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Your Dream Can Come True
We offer incentives to make your dream of owning a home in Atlanta become a reality.
Program Requirements
- Participants must contribute $1,500 of their own funds (items purchased outside of closing count toward this requirement).
- Participants cannot own interest in any other property.
- The property must be owner-occupied.
- The property cannot be manufactured.
- Existing properties must pass inspection prior to closing.
The Invest Atlanta Homebuyer Process
1
Q&A Session
The 90 minute Q&A session is mandatory, and you’ll get a better understanding and an opportunity to ask questions.
2
Homebuyer Education
Homebuying is a unique process with a lot to learn, so we require attending a homebuyer education class with a participating educator.
3
Contact a Participating Lender
Contact one of our Participating Lenders to qualify for a mortgage and assist you with incentive selection.
4
Find Your Home
Find a home within the city limits of Atlanta to qualify for Invest Atlanta’s assistance programs. Then submit your offer and get a contract.
5
Close
Work with one of our participating closing attorneys to help the closing process flow smoothly.
Update: We understand your home-buying efforts may be delayed during these uncertain times. We will honor homebuyer education certificates and Q & A attendance for 18 months from the date you attended each class, instead of 12 months.
Homebuyers that meet income and qualifications can get an FHA or VA mortgage and receive a 3.5% grant towards down payment & closing costs.
Structure
HOME Atlanta 4.0 offers a competitive 30-year fixed interest rate FHA or VA mortgage with a forgivable 3.5% grant to help with the down payment and closing costs. The grant is fully forgiven at closing.
Requirements
Must qualify for a 30-year fixed rate FHA or VA loan with an Invest Atlanta participating lender.
Must have a minimum credit score of 660 with maximum debt-to-income (DTI) ratio of 45% on FHA loans. Minimum credit score of 680 with maximum DTI of 45.01% - 50% on FHA loans.
Eligible Properties
- Single family detached homes, 2-4 unit townhomes and condominiums, newly constructued or existing.
- The maximum purchase price for homes to qualify for this program is $358,800.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $81,060 |
| 2 persons | $92,680 |
| 3 persons | $104,300 |
| 4 persons | $115,780 |
| 5 persons | $125,160 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers that meet income qualifications and plan to stay 5+ years in their new Vine City home can get $10,000 towards down payment & closing costs.
Structure
Homebuyers receive $10,000 toward the down payment and/or closing costs that is fully forgiven after living in the home for 5 years. This incentive can be used with a home renovation mortgage loan.
Requirements
Must qualify for a 30-year fixed rate FHA, VA, or conventional mortgage loan with an Invest Atlanta participating lender.
The minimum credit score requirement is determined by each participating lender.
This incentive requires a program fee of $1000 to cover the cost of education and ensure commitment to the 5 year minimum living requirement.
Must attend a special renovation education class by Resources for Residents & Communities or Committed to Communities.
For this incentive, homebuyers cannot exceed $10,000 in liquid assets.
Eligible Properties
- Single family detached homes, 2-4 unit townhomes and condominiums, newly constructed or existing.
- Property must be located within incentive boundaries: Donald L. Hollowell Pkwy to the north; Northside Dr to the east, Martin Luther King Jr. Dr. to the south; Joseph E. Lowery to the west.
- There is no purchase price cap for this incentive.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $81,060 |
| 2 persons | $92,680 |
| 3 persons | $104,300 |
| 4 persons | $115,780 |
| 5 persons | $125,160 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers receive up to $14,000 toward the down payment and/or closing costs that is fully forgiven after living in the home for 5 years.
Structure
Homebuyers receive up to $14,000 toward the down payment and/or closing costs that is fully forgiven after living in the home for 5 years.
Requirements
Must qualify for a 30-year fixed rate FHA, VA, or conventional mortgage loan with an Invest Atlanta participating lender.
For this incentive, homebuyers cannot exceed $10,000 in liquid assets.
Must have minimum credit score of 580 and maximum debt-to-income ratio of 31% / 43%.
Eligible Properties
- Single family detached homes, 2-4 unit townhomes and condominiums, newly constructued or existing.
- The home will need to pass Home Quality Standards and Environmental Review inspections, both required and paid for by the program.
- The maximum purchase price for new construction in DeKalb and Fulton County is $238,000. The maximum purchase price for existing homes is $215,000 in DeKalb County and $223,000 in Fulton County.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $46,350 |
| 2 persons | $52,950 |
| 3 persons | $59,550 |
| 4 persons | $66,150 |
| 5 persons | $71,450 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers that qualify and use a home renovation mortgage loan and plan to stay 10+ years in their new home can get $10,000 towards down payment & closing costs.
Structure
Homebuyers receive $10,000 toward the down payment and/or closing costs that is fully forgiven after living in the home for 10 years.
Requirements
Must qualify for a 30-year fixed rate FHA, VA, or conventional mortgage loan with an Invest Atlanta participating lender.
The minimum credit score requirement is determined by each participating lender.
Must attend a special renovation education class by Resources for Residents & Communities or Committed to Communities.
For this incentive, homebuyers cannot exceed $10,000 in liquid assets.
This incentive requires a program fee of $1,200 to cover the cost of education and ensure commitment to the 10 year minimum living requirement.
Eligible Properties
- Single family detached homes, 2-4 unit townhomes and condominiums, newly constructed or existing.
- The maximum purchase price for homes to qualify for this program is $358,800.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $69,480 |
| 2 person | $79,440 |
| 3 person | $89,400 |
| 4 person | $99,240 |
| 5 person | $107,280 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers that meet income qualifications and plan to stay 10+ years in their new home can get a mortgage plus $10,000 towards down payment & closing costs.
Structure
Homebuyers receive a 30-year fixed rate FHA, VA, or conventional mortgage, as well as assistance for down payment and/or closing costs that is fully forgiven after living in the home for 10 years.
Requirements
Must qualify for a 30-year fixed rate FHA, VA, or conventional mortgage loan with an Invest Atlanta participating lender.
This incentive requires a program fee of $1,000 to ensure commitment to the 10 year minimum living requirement.
For this incentive, homebuyers cannot exceed $10,000 in liquid assets.
Must have a minimum credit score of 660 with maximum debt-to-income ratio (DTI) of 45% on FHA loans. Minimum credit score of 640 with maximum DTI of 45% on Conventional loans. Minimum credit score of 680 with maximum DTI of 45.01% - 50% on FHA or Conventional loans.
Eligible Properties
- Single family detached homes, 2-4 unit townhomes and condominiums, newly constructed or existing.
- The maximum purchase price for homes to qualify for this program is $358,800 for FHA/VA loans and $424,100 for conventional loans.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $69,480 |
| 2 person | $79,440 |
| 3 person | $89,400 |
| 4 person | $99,240 |
| 5 person | $107,280 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Qualifying homeowners can receive $10,000 or $20,000 when buying a home in the Perry Bolton Tax Allocation District.
Structure
Homebuyers at 80% of AMI or below who are purchasing homes deemed permanently affordable are eligible to receive $20,000 in assistance. Homebuyers with household income up to 120% of AMI, who are purchasing a home that is not permanently affordable, but is within the Perry Bolton TAD, are eligible to receive $10,000 in assistance. The loan is fully forgiven after living in the home for 5 years.
Requirements
Must qualify for a 30-year fixed rate FHA, VA, or conventional mortgage loan with an Invest Atlanta participating lender.
The minimum credit score requirement is determined by each participating lender.
This incentive requires a program fee of $1000 to cover the cost of education and ensure commitment to the 5 year minimum living requirement.
For this incentive, homebuyers cannot exceed $10,000 in liquid assets.
Eligible Properties
- Single family detached homes, 2-4 unit townhomes and condominiums, newly constructed or existing.
- Property must be located within the Perry Bolton Tax Allocation District.
- Maximum purchase price is $300,000.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 Person (80% AMI) | $46,350 |
| 1 Person (120% AMI) | $69,480 |
| 2 Persons (80% AMI) | $52,950 |
| 2 Persons (120% AMI) | $79,440 |
| 3 Persons (80% AMI) | $59,550 |
| 3 Persons (120% AMI) | $89,400 |
| 4 Persons (80% AMI) | $66,150 |
| 4 Persons (120% AMI) | $99,240 |
| 5 Persons (80% AMI) | $74,450 |
| 5 Persons (120% AMI) | $107,280 |