Atlanta Development Authority Down Payment Assistance Program

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The Atlanta Development Authority has several Homebuyer Down-Payment Assistance Programs. The Beltline Affordable Housing Trust Fund, Atlanta Affordable Homeownership Program, Opportunity Down Payment Assistance Program, Vine City/ English Ave Trust Fund. For all of these programs the borrowers must qualify for a first mortgage in addition to down payment assistance, which is a second mortgage. The buyer qualifications vary from program to program. This is the information for the Atlanta Affordable Homeownership Program.


The ADA program provides the buyer with a down payment of up to $15,000 or 10% of the sales amount, which can be used as a down payment, and or pay up to 50% of the closing cost. There are no monthly payments required on the second mortgage. The maximum purchase price is $252.890. The qualifications for the buyer is as follows:
Buyer is a first time home buyer and has not owned a home within the past three years.
Buyer must purchase within the incorporated city limits of Atlanta. Within the CDIA area.

Homebuyer counseling is required throught a HUD certified agency.  You can email me for a list of qulifying counseling programs.  These programs are free.
The homebuyer must contribute $1,500 of their owne money toward the transaction. this can easily be accounted for by the earnest money, appraisal, home inspection.

The buyer can qualify for a Conventional, FHA, VA 30 year fixed rate loan.

The following income limits apply depending on the size of the household:
1 person $40,150
2 person $45,900
3 person $51,600
4 person $57,350
5 person $61,950
Properties that are eligible are: single family detached homes, townhomes and condominiums located within the city limits of Atlanta .

The loan is deferred for five years, repayment is due in full upon sale, transfer, refinancing or when the home is no longer owner-occupied.  It remains as a "soft second" loan on the title of the property.

Please contact me for additional information and a list of participating lenders! 
Thanks for reading!