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.
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.
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3
Contact a Participating Lender
Contact one of our Participating Lenders to qualify for a mortgage and assist you with incentive selection.
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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.
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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.