Buying a Home?

Homebuyer Incentives

Invest Atlanta offers homebuyer incentives that can make your dream of homeownership come true.

Getting Started

  1. Attend Invest Atlanta’s Q & A Session. Click here to RSVP.
  2. Enroll in a Homebuyer Education class. Click here for a list of Participating Homebuyer Educators.
  3. Contact a Participating Lender to get pre-qualified and secure a first mortgage loan. Click here for a list of Lenders.
  4. Find a home within the city limits of Atlanta. To determine if the property is located in the city of Atlanta, click here for instructions.
  5. Close with a Participating Closing Attorney. Click here for a list of Closing Attorneys.

20PLUS

Incentive Structure

20PLUS offers 20% of the home purchase price towards your down payment and closing costs, and may be compatible with down payment assistance programs offered by Invest Atlanta community partners.  The incentive amount is forgiven after living in the home for 10 years.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate FHA or VA mortgage loan with Invest Atlanta Participating Lender
  • Must have a minimum credit score of 660 and maximum debt-to-income ratio of 45% for an FHA mortgage and a credit score of 640 and maximum debt-to-income ratio of 50% for a Conventional mortgage
  • Homebuyer cannot own more than $10,000 in liquid assets
  • $1,200 Program Fee

Eligible Properties

  • Single-family detached homes, 2-4 units, townhomes and condominiums, newly constructed or existing, are eligible properties
  • Property must be located within the city limits of Atlanta
  • Maximum loan limit is $358,800 for FHA loan and $424,100 for Conventional loans.

Maximum Income Limit: $55,750 


HOME Atlanta 4.0

Incentive Structure

HOME Atlanta 4.0 offers a competitive 30-year fixed interest rate, FHA or VA mortgage with a forgivable 5% grant to help with the down payment and closing costs. The grant is fully forgiven at closing.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate FHA or VA mortgage loan with 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 units, townhomes and condominiums, newly constructed or existing, are eligible properties
  • Maximum purchase price is $358,800

Maximum Income Limits

Household Size Maximum Income Limits
1 person Household $68,350
2 person Household $78,100
3 person Household $87,850
4 person Household $97,600
5 person Household $105,450

HFA PreferredTM

Incentive Structure

HFA Preferred™ offers a competitive 30-year fixed interest rate, Conventional mortgage with a forgivable 5% grant to help with the down payment and closing costs. The grant is fully forgiven at closing.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate Conventional mortgage loan with Invest Atlanta Participating Lender
  • Must have minimum credit score of 640 and maximum debt-to-income ratio of 50%

Eligible Properties

  • Single family detached homes, 2-4 units, townhomes and condominiums, newly constructed or existing, are eligible properties
  • All property types are eligible at 3% down payment
  • Maximum purchase price is $424,100

Maximum Income Limits

Household Size Maximum Income Limits
1 person Household $68,350
2 person Household $78,100
3 person Household $87,850
4 person Household $97,600
5 person Household $105,450

VCRI (Vine City Renaissance Initiative)

Incentive Structure

Homebuyers receive $10,000 towards the down payment and/or closing costs that is fully forgiven after living in the home for FIVE years, and can be used with a home renovation mortgage loan.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate FHA, VA, Conventional or Renovation mortgage loan with Invest Atlanta Paricipating Lender
  • Acceptable minimum credit score is determined by Invest Atlanta Participating Lender
  • Homebuyer cannot exceed $10,000 in liquid assets
  • $1,000 Program Fee
  • Homebuyers must attend a special renovation education class offered by Resources for Residents & Communities (rrc-atl.org/404-525-4130) or Committed to Communities (committedtocommunities.com)

Eligible Properties

  • Single family detached homes, 2-4 units, townhomes and condominiums, newly constructed or existing, are eligible properties
  • Property must be located within incentive boundaries: Donald L. Hollowell Pkwy to the north; Northside Drive to the east; Martin Luther King Jr. Drive to the south; Joseph E. Lowery to the west
  • No maximum purchase price cap

Maximum Income Limits

Household Size Maximum Income Limits
1 person Household $68,350
2 person Household $78,100
3 person Household $87,850
4 person Household $97,600
5 person Household $105,450

Atlanta Affordable Homeownership Program (AAHOP)

Incentive Structure

Homebuyers receive up to $10,000 towards the down payment and/or closing costs that is fully forgiven after living in the home for FIVE years.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate FHA, VA or Conventional mortgage loan with Invest Atlanta Participating Lender
  • Acceptable minimum credit score is determined by Invest Atlanta Participating Lender
  • Homebuyer cannot exceed $10,000 in liquid assets

Eligible Properties

  • Single family detached homes, 2-4 units, townhomes and condominiums, newly constructed or existing, are eligible properties
  • Maximum purchase price for new and existing homes in DeKalb County is $210,000. In Fulton County, it’s $201,000 for new construction and $224,000 for existing homes.
  • Home Quality Standards and Environmental Review inspections are required and paid for by the program

Maximum Income Limits

Household Size Maximum Income Limits
1 person Household $39,050
2 person Household $44,600
3 person Household $50,200
4 person Household $55,750
5 person Household $60,250

ATL Home Renovation Advantage

Incentive Structure

Homebuyers receive $10,000 towards the down payment and/or closing costs that is fully forgiven after living in the home for 10 years and must be used with a home renovation mortgage loan.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate FHA or Conventional home renovation mortgage loan with Invest Atlanta Participating Lender
  • Acceptable minimum credit score is determined by Invest Atlanta Participating Lender
  • $1,200 Program Fee
  • Homebuyer cannot exceed $10,000 in liquid assets
  • Homebuyers must attend a special renovation education class offered by Resources for Residents & Communities (rrc-atl.org/404-525-4130) or Committed to Communities (committedtocommunities.com)

Eligible Properties

  • Single family detached homes, 2-4 units, townhomes and condominiums, newly constructed or existing, are eligible properties
  • Property must be located within city limits of Atlanta, outside of the Vine City and English Avenue neighborhoods
  • Maximum purchase price is $358,800

Maximum Income Limits

Household Size Maximum Income Limits
1-2 people Household $69,700
3 + people Household $80,150

Intown Mortgage Assistance Program (IMAP)

Incentive Structure

Homebuyers receive a 30-year, fixed rate FHA, VA or Conventional mortgage AND $10,000 towards the down payment and/or closing costs that is fully forgiven after living in the home for 10 years.

Homebuyer Requirements

  • Must qualify for 30-year fixed rate FHA, VA or Conventional home renovation mortgage loan with Invest Atlanta Participating Lender
  • Must have a minimum credit score of 660 for an FHA mortgage loan, or with a Conventional mortgage, a credit score of 680 with a 3% down payment, or 640 with a 5% down payment
  • $1,000 Program Fee
  • Homebuyer cannot exceed $10,000 in liquid assets

Eligible Properties

  • Single family detached homes, 2-4 units, townhomes and condominiums, newly constructed or existing, are eligible properties
  • Condominiums are eligible with a 5% down payment. All other property types are eligible with a 3% down payment
  • Property must be located within city limits of Atlanta, outside of the Vine City and English Avenue neighborhoods
  • Maximum purchase price is $358,800 for FHA loans and $424,100 for Conventional loans.

Maximum Income Limits

Household Size Maximum Income Limits
1 person Household $68,350
2 people Household $69,700
 3+ people Household $80,150

Incentive Basics

The basics captioned below are associated with all Homebuyer Incentives. Click the links in the menu to the left for more helpful information.

  • Homebuyer must attend the Invest Atlanta Q & A Session
  • Homebuyer must attend an 8-hour class offered by a Participating Homebuyer Educator
  • Homebuyers must use a Participating Lender
  • Homebuyers must close with a Participating Attorney at approved location
  • Homebuyers must purchase homes in the incorporated City Limits of Atlanta
  • Existing properties must be inspected prior to closing
  • Homebuyers must contribute $1,500 of their own funds to the transaction (items paid for outside of closing count toward contribution)
  • No first-time buyer requirements
  • Property must be owner-occupied
  • Homebuyers cannot own interest in any other property
  • No manufactured homes

Incentives may be combined to reduce your funds needed to close. Ask your Invest Atlanta representative for details.