ANDP-FHLBank Atlanta DPA Program

ANDP-FHLBank Atlanta DPA Program is a grant for homebuyers in 29-county Atlanta MSA County, Georgia. ANDP-FHLBank Atlanta DPA provides $15,000–$20,000 in grant assistance for homebuyers in the 29-county Atlanta MSA through three FHLBank Atlanta products: First-Time Homebuyer ($17,500), Community Partner ($20,000), and Workforce Housing Plus ($15,000). Income limits up to 120% AMI. Provides $15,000–$20,000 in grant assistance (no repayment required after 5-year retention period) to eligible homebuyers purchasing in the 29-county Atlanta MSA through three FHLBank Atlanta products: • First-Time Homebuyer: $17,500 for first-time homebuyers with household income ≤ 80% AMI • Community Partner: $20,000 for first-time homebuyers who are community partners (teachers, first responders, healthcare workers, law enforcement, firefighters) with income ≤ 80% AMI • Workforce Housing Plus: $15,000 for homebuyers (no first-time requirement) with income 80.1%–120% AMI Funds may be used for down payment and/or closing costs. Must be paired with a qualifying first mortgage through an ANDP-approved lender. Homebuyer education/counseling required. Applications submitted by lender on borrower's behalf. Funds available on first-come, first-served basis. Funding comes from Federal.

ANDP-FHLBank Atlanta DPA Program offers between $15,000 and $20,000 in assistance, depending on the award tier a homebuyer qualifies under. Award tier “First-Time Homebuyer (FTHB)” — up to $17,500. Who qualifies: First-time homebuyers with household income ≤ 80% AMI in the 29-county Atlanta MSA. Award tier “Community Partner” — up to $20,000. Who qualifies: First-time homebuyers who are community partners (law enforcement, educators, healthcare workers, firefighters, veterans) with income ≤ 80% AMI. Award tier “Workforce Housing Plus” — up to $15,000. Who qualifies: Homebuyers (no first-time homebuyer requirement) with household income 80.1%–120% AMI in the 29-county Atlanta MSA. Homebuyer contribution: Borrower contribution required; amount varies by product and lender. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

ANDP-FHLBank Atlanta DPA Program is structured as a grant, so it is not repaid. Repayment is triggered by Sale, Refinance, and No Longer Primary. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

ANDP-FHLBank Atlanta DPA Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Workforce Housing Plus product ($15,000) does not require FTHB status. On credit, the program states: Must meet primary lender's requirements; minimum 640 typically required. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Applications must be submitted by the homebuyer's mortgage lender; borrower contribution and credit counseling required for most products. Funds available on first-come, first-served basis.

ANDP-FHLBank Atlanta DPA Program limits household income to 120% of the area median income, which varies by county and household size. FTHB and Community Partner products: up to 80% AMI. Workforce Housing Plus: 80.1%–120% AMI. Income limits calculated by FHLBank Atlanta using HUD area median income data for the 29-county Atlanta MSA. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

ANDP-FHLBank Atlanta DPA Program can be used for Single Family, Condo, Townhouse, New Construction, 2-4 Unit, and Manufactured Home. New construction is eligible. Manufactured homes are eligible.

ANDP-FHLBank Atlanta DPA Program serves homebuyers purchasing in 29-county Atlanta MSA County, Georgia.

Applications for ANDP-FHLBank Atlanta DPA Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.