Interested In Buying A Home!

The Atlanta Housing Homeownership Program offers funding to first-time homebuyers to assist with down payment and closing costs.  Effective September 2021 the following guidelines are in effect, and subject to change without notice.

The Atlanta Housing Homeownership Down Payment Assistance Program is available to:

  • First-time Homebuyers; OR
  • Homebuyers who have not owned a home in the past three (3) years—e., homebuyers who have not had an ownership interest in residential or commercial property in the past three years.

Eligibility Requirements include:

  1. Income(s) cannot exceed 80% of the current HUD’s Area Median Income (AMI)
  2. Property purchased must be the homebuyer’s primary residence (2nd homes not permitted)
  3. The buyer’s liquid assets cannot be more than $25,000
  4. Must meet the primary lender’s loan credit requirements and approval, from a participating lender, for conventional, FHA or VA loan financing
  5. The primary loan can be for a 15, 20, 25, or 30-year loan term, and must be a fixed-rate loan
  6. Documentation of ‘Georgia’ residency of not less than six (6) months
  7. Properties purchased can be a single family detached(SFD), townhome(TH), or condominium(Condo); undeveloped land is not eligible
  8. Certificate of Completion of an eight (8)-hour Homebuyer Education class from a HUD-approved HBE provider, for all person(s) on the note
  9. The buyer’s contribution or own funds for the purchase must not be less than $1500

Down Payment Assistance Options:

  • Up to $20,000 is the standard DPA and all eligible buyers may qualify
  • Up to $25,000 for professionals and para-professionals in public safety, healthcare and education; borrowers who are disabled; current military or veteran; & Voucher Participants
  • AH DPA can be layered with other sources of DPA if approved by the primary lender

Maximum Purchase Price:       $275,000

Geographical Restriction:        Properties being purchased must be within the City of Atlanta

Participating Lenders:              See list of AH’s participating lenders

HBE Counseling Providers:     See list of Home Buyer Education Providers

  • Purchases with a non-occupant co-borrower and/or with co-signers, are not eligible
  • Processing time is 30-days after receipt of a complete credit file from the primary lender