Down Payment Assistance Program

1.  HOME Atlanta 4.0 offers a competitive 30-year fixed interest rate FHA  or VA mortgage with a forgivable 3.5% grant to help with the down payment and closing costs. The grant is fully forgiven at closing.Single family detached homes, 2-4 unit townhomes and condominiums, newly constructued or existing.

  • The maximum purchase price for homes to qualify for this program is $358,800.                   

2. Vine City Homebuyers that meet income qualifications and plan to stay 5+ years in their new Vine City home can get $10,000 towards          down payment & closing costs

  • Homebuyers receive $10,000 toward the down payment and/or closing costs that is fully forgiven after living in the home for 5 years. This incentive can be used with a home renovation mortgage loan.

  • There is no purchase price cap for this incentive for Vine City

3.  AAHOP Homebuyers receive up to $14,000 toward the down payment and/or closing costs that is fully forgiven after living in the          home for 5 years

  • The maximum purchase price for new construction in DeKalb and Fulton County is $227,000. The maximum purchase price for existing homes is $217,000 in DeKalb County and $213,000 in Fulton County.

4.  Intown Mortgage Assistance Program (IMAP) Homebuyers that meet income qualifications and plan to stay 10+ years in their new home            can get a mortgage plus $10,000 towards down payment & closing costs.

Structure

Homebuyers receive a 30-year fixed rate FHA, VA, or conventional mortgage, as well as assistance for down payment and/or closing costs that is fully forgiven after living in the home for 10 years.

The maximum purchase price for homes to qualify for this program is $358,800 for FHA/VA loans and $424,100 for conventional loans.

 

 

 

 

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5604 Wendy Bagwell Parkway

Suite 512 

Hiram, GA 30141

 Tel. (678)) 403-1747

rhemahousing@outlook.com