Home Buyers receive $10,000 toward the down payment and/or closing costs, that is fully forgivable after living in the home for FIVE years and can be used with a 203K renovation loan.
Home Buyer Requirements
Must qualify for 30-year fixed rate FHA, VA or Conventional first mortgage with Invest Atlanta Participating Lender
Income cannot exceed program income limits
Acceptable minimum credit score is determined by Participating Lender
Must contribute $1,500 of own funds towards closing
No first-time homebuyer requirement
Home Buyer cannot own any other property at closing
Home Buyer cannot exceed $10,000 in liquid assets
$1000 Program Fee
The property must be located within the incentive boundaries:
Joseph Lowery Blvd. on the west;
Donald Hollowell Pkwy on the north;
Northside Drive on the east;
Martin Luther King Jr. Drive on the south incorporated limits of Atlanta.
Property must be owner-occupied, primary residence
Single family detached homes, townhomes and condominiums; newly constructed or existing are eligible properties.
No manufactured homes
No maximum purchase price
What are the mazimum income limits?
Household Size Maximum Income Limits
1-person household $66,900
2-person household $76,400
3-person household $86,000
4-person household $95,620
5-person household $103,200
How Do I Get Started?: CALL DANETTE O’NEAL REALTORS, INC 770.981.1999