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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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.
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 units, townhomes and condominiums, newly constructed or existing.
- The maximum purchase price for homes to qualify for this program is $335,000.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $94,500 |
| 2 persons | $108,080 |
| 3 persons | $121,520 |
| 4 persons | $134,960 |
| 5 persons | $145,880 |
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 $25,000 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 | $94,500 |
| 2 persons | $108,080 |
| 3 persons | $121,520 |
| 4 persons | $134,960 |
| 5 persons | $145,880 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers receive up to $20,000 toward the down payment and/or closing costs that is fully forgiven after living in the home for 5 or 10 years, depending on the amount.
Structure
Homebuyers receive up to $20,000 toward the down payment and/or closing costs that is fully forgiven after living in the home for 5-10 years, depending on the amount.
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
- 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.
- Single family detached homes, 2-4 unit townhomes and condominiums, newly constructed or existing.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $48,300 |
| 2 persons | $55,200 |
| 3 persons | $62,100 |
| 4 persons | $68,950 |
| 5 persons | $74,500 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers that qualify and use a home renovation mortgage loan can receive $10,000 towards down payment & closing costs.
Structure
Homebuyers receive $10,000 toward the down payment and/or closing costs. 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.
Must attend a special renovation education class by Resources for Residents & Communities or Committed to Communities.
For this incentive, homebuyers cannot exceed $25,000 in liquid assets.
This incentive requires a program fee of $1,200 to cover the cost of education.
Eligible Properties
- Single family detached homes, 2-4 units, townhomes and condominiums, newly constructed or existing.
- The maximum purchase price for homes to qualify for this program is $335,000.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $81,000 |
| 2 person | $92,640 |
| 3 person | $104,160 |
| 4 person | $115,680 |
| 5 person | $125,040 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers that meet income qualifications can receive $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. 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.
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.
For this incentive, homebuyers cannot exceed $25,000 in liquid assets.
This incentive requires a program fee of $1,000.
Eligible Properties
- Single family detached homes, 2-4 units, townhomes, and newly constructed or existing.
- The maximum purchase price for homes to qualify for this program is $335,000 for FHA, VA and Conventional loans.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $81,000 |
| 2 person | $92,640 |
| 3 person | $104,160 |
| 4 person | $115,680 |
| 5 person | $125,040 |
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 $25,000 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) | $54,000 |
| 2 Persons (80% AMI) | $61,760 |
| 3 Persons (80% AMI) | $69,440 |
| 4 Persons (80% AMI) | $77,120 |
| 5 Persons (80% AMI) | $83,360 |
| 1 Person (120% AMI) | $81,000 |
| 2 Persons (120% AMI) | $92,640 |
| 3 Persons (120% AMI) | $104,160 |
| 4 Persons (120% AMI) | $115,680 |
| 5 Persons (120% AMI) | $125,040 |
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