Atlanta Housing
Atlanta Housing’s DPA Program provides down payment assistance for homebuyer’s in the City of Atlanta of up to $25,000 depending or eligibility
Category:
Homebuyer Assistance, Second Mortgage Programs (Down-Payment Assistance)
Service Area:
City of Atlanta
Intake Options:
In Person
Fees:
Yes
Service Hours:
Eligibility:
First-time homebuyers who have not owned a home in the past 3 years, excluding any ownership interest in residential or commercial property during this period. The purchase price must be at most $375,000. Liquid assets of the buyer cannot exceed $25,000. The buyer's contribution or own funds for the purchase must be at least $1,500. Income must be at most 80% of the current HUD's MSA Area Median Income. Properties must be located within the City of Atlanta. The property must be the homebuyer's primary residence; second homes are prohibited. Applicants must meet the primary lender's credit requirements and secure approval for conventional, FHA, or VA loan financing. The primary loan term can range from 15 to 30 years and must be fixed-rate. Proof of Georgia residency for at least six months is required. Eligible properties include single-family detached homes, townhomes, or condominiums; undeveloped land is not qualified. Complete an eight-hour Homebuyer Education class from a HUD-approved provider, mandatory for all persons on the note.
Contact Information:
(404) 892-4700