Your Key to Homeownership: Access $45K in Assistance!

Dreaming of owning a home in Atlanta? If you’re a first-time homebuyer, you could be eligible for up to $45,000 in free, forgivable grants to help make that dream a reality! Thanks to two incredible programs offered by the Atlanta Housing Authority and Invest Atlanta, you can combine these grants to maximize your down payment assistance. With interest rates trending downward, now is the perfect time to take the leap into homeownership.

In this blog, I’ll walk you through both programs, explain how they work, and show you how to take full advantage of this life-changing opportunity. Let’s get started!

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Grant #1: Atlanta Housing Authority – Up to $25,000
The Atlanta Housing Authority is offering first-time homebuyers up to $25,000 in forgivable funds to purchase a home within Atlanta’s city limits. Here’s what you need to know:

Amount Available
   $20,000 is forgiven after 10 years of living in the home as your primary residence.
– If you’re a healthcare worker, educator, first responder, veteran, or fall into certain other categories, the grant increases to $25,000.

Who Qualifies
– You must be a first-time homebuyer (meaning you haven’t owned a home in the past three years).
– Your household income must not exceed $86,000 (this limit is adjusted annually).

Property Location
– The home must be located within Atlanta’s city limits. Use this tool to verify eligibility by entering the property address. Look for details like Council District (1-12), NPU (A-Z), and Neighborhood name.

Homebuyer Contribution
– You’ll need to contribute at least $1,500 of your own money toward the purchase.

 Additional Requirements
– Complete a HUD-approved homebuyer education course (I can provide a link to an online course for your convenience).
– Submit a home inspection report and proof of payment before closing.
– Attend a meeting with the Atlanta Housing Authority once you’re under contract and approved for funding.

 Closing Timeline
– Allow 45 days for closing to ensure all paperwork and approvals are processed.

Conditions
– The grant is forgiven after 10 years. However, if you sell the home or stop using it as your primary residence before the 10-year mark, you’ll need to repay the funds. An equity split may also apply if the home is sold during this period.

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        Grant #2: Invest Atlanta – $20,000 Forgivable After 5 Years
Invest Atlanta’s down payment assistance program offers $20,000 in forgivable funds after just 5 years of occupancy. This is a great option if you plan to stay in the home for a shorter period.

Amount Available
– $20,000 is forgiven after 5 years of living in the home as your primary residence.

Who Qualifies
– You must be a first-time homebuyer and contribute at least $1,500 of your own money toward the purchase.

Property Location
– The home must be within Atlanta’s city limits. Use this tool to confirm eligibility.

Additional Requirements
– Complete a HUD-approved homebuyer education course (find one here).
– Attend an intake session as part of the application process. Register for an upcoming session here.
– Use one of Invest Atlanta’s approved closing attorneys. View the list here.

Conditions
– The funds are forgiven after 5 years. If you move out or sell the home before the 5-year mark, you’ll need to repay the grant.

Max Home Price
– The property’s sales price must not exceed $385,000, making this program ideal for Atlanta’s market.

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    Combine Both Grants for Up to $45,000 in Free Money!
The best part? You can stack these grants to maximize your down payment assistance. Here’s how it works:

 $20,000 from Invest Atlanta (forgiven after 5 years)
 Up to $25,000 from Atlanta Housing Authority (forgiven after 10 years)

That’s a potential total of $45,000 in free money to put toward your new home! With today’s lower interest rates, your monthly mortgage payment could even be more affordable than rent.

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Why Now Is the Time to Buy
With interest rates declining and home values on the rise, there’s never been a better time to buy a home in Atlanta. These grants provide a unique opportunity to:

Reduce your upfront costs with significant down payment assistance.
Build long-term wealth through homeownership.
Secure a stable investment in a thriving real estate market.

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 How to Get Started
Ready to take advantage of these incredible grants? Here’s what to do next:

1. Contact Me: I’ll guide you through the entire process, from finding eligible homes to applying for the grants.
2. Complete a Homebuyer Education Course: This is required for both programs. I can provide a link to an online HUD-approved course for your convenience.
3. Start Your Home Search: Together, we’ll find properties that meet the grant requirements and fit your needs.
4. Prepare Your Funds: You’ll need at least $1,500 of your own money to contribute toward the purchase.
5. Plan for Closing: Both programs require about 45 days for closing, so we’ll build that into your timeline.

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       Don’t Miss Out on This Opportunity!
These grants make homeownership in Atlanta more accessible than ever, but funds are limited and won’t last forever. Whether you’re just starting to explore your options or ready to make your move, now is the time to act.

Let’s make 2025 the year you stop renting and start owning! Contact me today to get started on your path to homeownership. Your dream home in Atlanta is closer than you think!