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 qualifications and plan to stay 5+ years in their new Vine City home can get $20,000 towards down payment & closing costs.
Structure
Homebuyers receive $20,000 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 | $105,420 |
| 2 persons | $120.400 |
| 3 persons | $135,520 |
| 4 persons | $150,500 |
| 5 persons | $162,540 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers that qualify and use a home renovation mortgage loan can receive $20,000 towards down payment & closing costs.
Structure
Homebuyers receive $20,000 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.
- Maximum purchase price is $385,000.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $90,360 |
| 2 person | $103,200 |
| 3 person | $116,160 |
| 4 person | $129,000 |
| 5 person | $139,320 |
Next Steps
Interested in this program? Check out our homebuyer programs process.
Homebuyers that meet income qualifications can receive $20,000 towards down payment & closing costs.
Structure
Homebuyers receive a 30-year fixed rate FHA, VA, or conventional mortgage, as well as $20,000 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.
Minimum FICO credit score is 660 with maximum DTI of 45%. FICO score of 680, maximum DTI is 50%.
For this incentive, homebuyers cannot exceed $25,000 in liquid assets.
This incentive requires a program fee of $1,200.
Eligible Properties
- Single family detached homes, 2-4 units, townhomes, and condominiums, and newly constructed or existing.
- Maximum purchase price is $385,000.
Income Limits
| Household Size | Maximum Income |
|---|---|
| 1 person | $90,360 |
| 2 person | $103,200 |
| 3 person | $116,160 |
| 4 person | $129,000 |
| 5 person | $139,320 |
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) | $60,240 |
| 2 Persons (80% AMI) | $68,800 |
| 3 Persons (80% AMI) | $77,440 |
| 4 Persons (80% AMI) | $86,000 |
| 5 Persons (80% AMI) | $92,880 |
| 1 Person (120% AMI) | $90,360 |
| 2 Persons (120% AMI) | $103,200 |
| 3 Persons (120% AMI) | $116,160 |
| 4 Persons (120% AMI) | $129,000 |
| 5 Persons (120% AMI) | $149,640 |
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