First Generation Homebuyer

First Generation Homebuyer is a grant for homebuyers in Multiple County, Georgia. ANDP's First Generation Homebuyer Program is a true $12,000 grant (no repayment, no lien, no forgiveness clock) targeted at first-generation buyers purchasing an ANDP-developed home in metro Atlanta. ANDP defines a first-generation homebuyer as one whose parents have never owned a home, or who lost a parent-owned home through foreclosure or short sale, and who do not currently own a home. The grant is delivered at closing through the buyer's approved lender and may be used for closing costs, down payment, principal reduction, or interest-rate buydown. ANDP develops single-family homes across DeKalb, Fulton, Clayton, Cobb, Gwinnett and other metro Atlanta counties — all eligible properties are within ANDP's affordable-homeownership portfolio. $12,000 grant at closing to qualifying first-generation homebuyers purchasing an ANDP home. Funds may be applied to closing costs, down payment, principal reduction, or to buy down points on the first mortgage. True grant — no repayment, no lien, no forgiveness period. Funding comes from ANDP capital partners and philanthropic / CDFI funding (HouseATL, Wells Fargo, JPMorgan Chase, Truist, others).

First Generation Homebuyer offers up to $12,000 in assistance. 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.

First Generation Homebuyer is structured as a grant, so it is not repaid. Repayment is triggered by None — true grant, not repayable. The assistance is recorded in No lien (grant) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

First Generation Homebuyer is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Determined by approved lender (typically 620-640+ for FHA/Conventional). A homebuyer education course is required, through ANDP-approved HUD-certified homebuyer education partners. Residency requirement: Must purchase an ANDP-developed home in metro Atlanta and occupy as primary residence. First-generation homebuyer required: applicant's parents have never owned a home, OR applicant lost a parent-owned home through foreclosure or short sale and does not currently own a home. Household income at or below 120% of Area Median Income for the Atlanta-Sandy Springs-Roswell MSA. Home must be purchased from ANDP's portfolio of homes for sale (no investor sales). Must use one of ANDP's approved lenders. Must complete pre-purchase homebuyer education. Owner-occupied primary residence required.

First Generation Homebuyer limits household income to 120% of the area median income, which varies by county and household size. Total household income must be below 120% of AMI for the Atlanta-Sandy Springs-Roswell MSA. Approximate range by household size: 1p $63,950 — 8p+ $180,900. ANDP publishes a current household-size table on the program page. 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.

First Generation Homebuyer caps the purchase price as follows: Limited to homes for sale in ANDP's portfolio (priced affordably to be reachable for households at or below 120% AMI). Eligible property types include Single-Family and Townhome. New construction is eligible. Manufactured homes are not eligible.

First Generation Homebuyer names first-generation homebuyers 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.

First Generation Homebuyer serves homebuyers purchasing in Multiple County, Georgia. The program targets specific areas: Metro Atlanta neighborhoods where ANDP develops affordable homeownership product (DeKalb, Fulton, Clayton, Cobb, Gwinnett, Henry and other metro counties as homes become available).

Applications for First Generation Homebuyer go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Buyer's real-estate agent contacts ANDP's listing agent and submits an offer; grant reserved when buyer goes under contract on an ANDP home. 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.