Atlanta Housing Down Payment Assistance

What is Atlanta Housing Down Payment Assistance?

Atlanta Housing Down Payment Assistance is a forgivable loan for homebuyers in Atlanta, Georgia.

• Atlanta Housing offers up to $20,000 (or $25,000 for public safety, healthcare, education, current military or veteran, and Voucher Participants) in forgivable down payment assistance for eligible first-time homebuyers purchasing within the City of Atlanta. The 0% interest deferred loan requires no monthly payments and is fully forgiven after 10 years of owner-occupancy. Buyers must contribute at least $1,500 from their own funds.
• Up to $20,000 forgivable loan at 0% interest for eligible first-time homebuyers within City of Atlanta.
• up to $25,000 for public safety, healthcare, education, current military or veteran, and Voucher Participants.
• loan forgiven after 10 years as a second mortgage.
• max purchase price $375,000.
• min $1,500 borrower contribution.
• liquid assets must not exceed $35,000.
• Funding comes from Local Government.

How much assistance does it provide?

Atlanta Housing Down Payment Assistance offers between $20,000 and $25,000 in assistance, depending on the award tier a buyer qualifies under.

• Award tier “Standard” — up to $20,000. Who qualifies: All eligible borrowers at or below 80% AMI within City of Atlanta.
• Award tier “Public Service Enhanced” — up to $25,000. Who qualifies: Public safety, healthcare, education, current military or veteran, and Voucher Participants within City of Atlanta.
• The program asks buyers to contribute $1,500.
• 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.

Do you have to pay it back?

Atlanta Housing Down Payment Assistance is forgiven after 10 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, No Longer Primary, Transfer of Title, and Refinance.
• 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.

Who qualifies?

Atlanta Housing Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Atlanta Housing Down Payment Assistance limits household income to 80% of the area median income, which varies by county and household size.

• 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.

What kind of home can it be used for?

Atlanta Housing Down Payment Assistance caps the purchase price at $375,000.

• Eligible property types include Single Family, Condo, and Townhouse.
• New construction is eligible.

Is there eligibility for specific groups?

Atlanta Housing Down Payment Assistance names veterans, active-duty service members, educators, law enforcement officers, firefighters, and healthcare workers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Atlanta Housing Down Payment Assistance serves buyers purchasing in Atlanta, Georgia.

How do you apply?

Applications for Atlanta Housing Down Payment Assistance go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.