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.
The Latest
-
Site Selector
With a higher quality of life, talented workforce, and lower cost of living, Atlanta is where more people and businesses are choosing to move.
Why Come to Atlanta?Learn about the demographics and opportunities in the City of Atlanta.
Coming From Another Country?Learn about why Atlanta is a great place to invest in or expand to.
In The Spotlight
See All Spotlight ProjectsOctober 25, 2018
BlackRock's New Innovation Center to Create 1,000 Jobs in Atlanta
-
Developers
We can help you finance your project and connect you with key resources.
Why Build in Atlanta?See why Atlanta is a great opportunity for development projects.
Opportunities & Incentives
In The Spotlight
See All Spotlight ProjectsNovember 09, 2018
Invest Atlanta Board Approves Gulch Development
-
Businesses
See how we've helped other companies in Atlanta, and learn more about what we can do for you.
Why Come to Atlanta?Learn about the demographics and opportunities in the City of Atlanta.
Startups & Creatives
Small Businesses
Medium / Large Businesses
-
Homebuyers & Homeowners
We can help make your dream of owning a home in Atlanta a reality.
Why Buy In Atlanta?Discover why Atlanta is a great place to settle down and call home.
Homebuyer Programs & Downpayment AssistanceFind programs and incentives that work for you.
Owner-Occupied RehabLearn how Atlanta is helping existing residents with critical home repairs.
Additional Resources
-
Renters
We can help make intown living affordable for you.
Explore Affordable ApartmentsSee apartments that Invest Atlanta has helped finance.
In The Spotlight
See All Spotlight Projects
Invest Atlanta facilitates economic development within the city limits of Atlanta.
View City Limits
Businesses
- Get Started
- Why Come to Atlanta?
-
Upcoming Events
Renters
- Get Started
- Explore Affordable Apartments
-
In The Spotlight
Invest Atlanta facilitates economic development within the city limits of Atlanta.
View City LimitsInvest Atlanta facilitates economic development within the city limits of Atlanta.
View City LimitsGet In Touch
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.
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.
RSVP
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.
See Educators
3
Contact a Participating Lender
Contact one of our Participating Lenders to qualify for a mortgage and assist you with incentive selection.
See Lenders
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.
Check An Address
5
Close
Work with one of our participating closing attorneys to help the closing process flow smoothly.
See Attorneys
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 and maximum debt-to-income ratio of 45%.
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 | $73,300 |
| 2 persons | $83,800 |
| 3 persons | $94,250 |
| 4 persons | $104,700 |
| 5 persons | $113,100 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers that meet income qualifications can get a mortgage and receive a 3.5% grant towards down payment & closing costs.
Structure
HFA Preferred(TM) offers a competitive 30-year fixed interest rate conventional mortgage with a forgivable 3.5% grant to help with down payment and closing costs. The grant is fully forgiven at closing.
Requirements
Must qualify for a 30-year fixed rate conventional mortgage loan with an Invest Atlanta participating lender.
Must have a minimum credit score of 640 and maximum debt-to-income ratio of 50%.
Eligible Properties
- Single family detached homes, 2-4 unit townhomes and condominiums, newly constructed or existing.
- All property types are eligible at 3% down payment.
- The maximum purchase price for homes to qualify for this program is $424,100.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $73,300 |
| 2 persons | $83,800 |
| 3 persons | $94,250 |
| 4 persons | $104,700 |
| 5 persons | $113,100 |
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 | $73,300 |
| 2 persons | $83,800 |
| 3 persons | $94,250 |
| 4 persons | $104,700 |
| 5 persons | $113,100 |
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 home can get up to $14,000 towards down payment & closing costs.
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 maximum purchase price for new construction in DeKalb and Fulton County is $224,000. The maximum purchase price for existing homes is $210,000 in DeKalb County and $201,000 in Fulton County.
- The home will need to pass Home Quality Standards and Environmental Review inspections, both required and paid for by the program.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $41,900 |
| 2 persons | $47,900 |
| 3 persons | $53,900 |
| 4 persons | $59,850 |
| 5 persons | $64,650 |
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 | $62,850 |
| 2 person | $71,800 |
| 3 person | $80,800 |
| 4 person | $89,750 |
| 5 person | $96,950 |
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, $15,000 or $20,000 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. You can receive $20,000 if you earn 80% of Area Median Income (AMI) or less, $15,000 if you earn 100% AMI or less, and $10,000 if you earn 120% AMI or less.
Household Earning Limits
| Area Median Income (AMI) | 1 person | 2 person | 3 person | 4 person | 5 person |
|---|---|---|---|---|---|
| 80% | $41,900 | $47,900 | $53,900 | $59,850 | $64,650 |
| 100% | $52,400 | $59,850 | $67,350 | $74,800 | $80,800 |
| 120% | $62,850 | $71,800 | $80,800 | $89,750 | $96,950 |
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 (FHA/VA) or 640 (Conventional).
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.
Next Steps
Interested in this program? Check out our homebuyer programs process.