Atlanta Homebuyer Down Payment Assistance Programs

admin — Wed, 29 Mar 2023 02:29:11 +0000

If you’re looking to buy a home in Atlanta, you might have noticed that the cost of housing has gone up like crazy. It’s not easy to save up for a down payment, especially if you’re a first-time homebuyer or have a low-to-moderate income. But don’t worry, there are actually 46 homebuyer assistance programs available to help you out!

Atlanta Housing (AH) Homeownership DPA Program

Did you know that if you’re looking to buy a house in Atlanta, you might be eligible for some serious cash from the AH Homeownership DPA Program? Like, up to $20,000 serious cash! And if you’re a military service member, veteran, or work in public safety, healthcare, or education, you might be able to qualify for up to $25,000.

Of course, there are some requirements you have to meet, like making no more than 80% of the AMI, completing a homebuyer education program, and being a Georgia resident for at least six months. And you’ve got to either be a first-time homebuyer or not have owned a home in the past three years.

But hey, if you do qualify, you can combine the DPA funds with other homebuyer programs and even better, the loan is totally forgiven after ten years of living in your home. Sweet deal, right? You can find Full program details here on the AH website.

Georgia Department of Community Affairs (DCA) Georgia Dream

One of these programs is the Georgia Dream program, which offers eligible borrowers a DPA loan of up to $10,000 (and up to $12,500 for some special groups like educators and people with disabilities). You can’t have owned a home in the last three years to be eligible, but repeat homebuyers might still qualify in select areas. Full program details can be found on the Georgia Dream website

Invest Atlanta ATL Home Renovation Advantage (AHRA)

Invest Atlanta’s AHRA program is another great option. You can get up to $10,000 in DPA to cover your down payment and closing costs for a 30-year fixed FHA, VA, or conventional home renovation mortgage loan. And if you’re a current military service member, veteran, or work in public safety, healthcare, or education, you might be able to qualify for even more money with the AH Homeownership DPA Program. Full program details can be found on the Invest Atlanta website.

Atlanta Neighborhood Development Partnership (ANDP) Veterans Program

Finally, the ANDP Veterans Program provides up to $7,500 in homebuyer assistance to honorably discharged veterans, active-duty military personnel, reserve members, guard members, and Gold Star family members. You don’t even have to be a first-time homebuyer to qualify!

Full program details can be found on the ANDP Homes website.

Make sure to check out the full program details on each organization’s website to see if you’re eligible.

Book a call with us to talk about your homebuying journey!

The post Atlanta Homebuyer Down Payment Assistance Programs appeared first on Marvin Orieh.

Settling Fears For First Time Home Buyers

admin — Sun, 22 Jan 2023 13:30:05 +0000

The average time people stay in a home is between 5 and 7 years.

Your worldview and your thought processes in the year 2018 is probably different than where you are now.

Often times I have to help clients with this friendly reminder that there needs in life will evolve.

So if the home in question checks the majority of boxes even though it may not have EVERYTHING it’s still could be a solid purchase.

Remember, your first home is rarely going to be your last home. If there is upside potential that your real estate professional can provide based on data and market trends then don’t wait don’t hesitate.

The post Settling Fears For First Time Home Buyers appeared first on Marvin Orieh.

First time home buyer - Marvin Orieh

Atlanta Homebuyer Down Payment Assistance Programs

Settling Fears For First Time Home Buyers