Couple and young child meeting with an adviser who holds a model house above a table of paperwork.

Housing · Buying a home

Homebuyer Programs and Down Payment Assistance

Offered by Invest Atlanta

Open year-roundApply anytime. Applications are reviewed as they come in.

About

About This Program

Invest Atlanta programs offer $10,000 to $30,000 toward buying a home inside Atlanta city limits, depending on the program and neighborhood.

Invest Atlanta, the City of Atlanta's development authority, runs five homebuyer assistance programs for homes inside Atlanta city limits: ATL HomeNOW (up to $20,000, forgiven after 10 years); ATL Home Renovation Advantage ($10,000 with a renovation loan, forgiven after 5 years); the Beltline Mortgage Assistance Program (up to $30,000 for civil servants and legacy residents or up to $20,000 for other buyers, in Beltline TAD subareas 1, 2, 3, 8, 9 and 10); the Perry Bolton Mortgage Assistance Program ($10,000 or $20,000 in the Perry Bolton TAD, forgiven after 5 years); and the Vine City Renaissance Initiative ($20,000, forgiven after 5 years). The steps: attend a mandatory 90-minute homebuyer Q&A session (in person or online), complete homebuyer education with a participating educator, get qualified with a participating lender, find a home and get it under contract, and close with a participating closing attorney. Income limits, price or loan limits and credit rules differ by program.

Eligibility

Who Can Apply

Home inside the incorporated City of Atlanta, used as your primary residence (manufactured homes are not eligible)
At least $1,500 of your own money toward the purchase
No ownership interest in any other property
Attend the mandatory 90-minute homebuyer Q&A session
Complete homebuyer education with a participating educator
Qualify for a 30-year fixed-rate mortgage with a participating lender
Household income within the program's limit (ATL HomeNOW: $141,360 for a household of four)
Minimum 620 credit score for ATL HomeNOW and the Beltline program; the other programs use the lender's credit requirement
Liquid assets of no more than $35,000 ($25,000 for Perry Bolton)

Area served: City of Atlanta

The offer

What's Offered

ATL HomeNOW: up to $20,000 for down payment, closing costs or a permanent rate reduction
ATL Home Renovation Advantage: $10,000 toward down payment or closing costs with a renovation loan
Beltline Mortgage Assistance Program: up to $30,000 for civil servants and legacy residents, up to $20,000 for other buyers
Perry Bolton Mortgage Assistance Program: $10,000 or $20,000
Vine City Renaissance Initiative: $20,000

Amount: $10,000 to $30,000, depending on the program

Cost: $1,000 to $1,200 program fee for the Renovation Advantage, Perry Bolton and Vine City programs

Get ready