HOME Atlanta 4.0- Come out & learn about this program – Thursday, Feb 25, 2016; 250 Georgia Ave, Atlanta, GA.
HOME Atlanta 4.0 is a home buyer incentive program administered by Invest Atlanta, and offers a competitive 30-year fixed interest rate mortgage with a forgivable 5% grant to help with the down payment and closing costs. The grant is fully forgiven at closing.
Home Buyer Requirements
Must qualify for 30-year fixed rate FHA or VA first mortgage loan with an Invest Atlanta Participating Lender
Income cannot exceed program income limits
Must have a minimum credit score of 660 and debt-to-income ratio of 45%
Must contribute $1,500 of own funds towards closing
No first-time home buyer requirement
Homebuyer cannot own any other property at closing
What Type of Home Can I Buy?
The property must be located in the city limits of Atlanta
Maximum purchase price is $374,268
Single family detached homes, 2-4 units; townhomes and condominiums; newly constructed or existing
No manufactured homes
Property must be owner-occupied, primary residence
To determine if property is located in the city of Atlanta,click here, type in the property address and look for the three qualifying indicators (Neighborhood, NPU and Council District)
What are the Income Limits?
Maximum Income Limits (140% Medium Income)
1 person Household
2 person Household
3 person Household
4 person Household
5 person Household
How Do I Get Started? CALL DANETTE O’NEAL REALTORS, INC 770.981.1999