Your Dream Can Come True

We offer incentives to make your dream of owning a home in Atlanta become a reality.

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.

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.
HOME Atlanta 4.0
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.

HFA Preferred™
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.

Vine City Renaissance Initiative (VCRI)
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.

Atlanta Affordable Homeownership Program (AAHOP)
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.

ATL Home Renovation Advantage
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.

Intown Mortgage Assistance Program (IMAP)
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.

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