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Invest Atlanta - ATL HomeNOW

Atlanta, Georgia

Last verified
See what you qualify forOfficial program site →
Assistance

$20,000

The maximum the program publishes — not an offer

Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 10 years

What is Invest Atlanta - ATL HomeNOW?

Invest Atlanta - ATL HomeNOW is a forgivable loan for homebuyers in Atlanta, Georgia.

  • ATL HomeNOW provides up to $20,000 toward down payment, closing costs, a permanent interest rate reduction, or all three, for homebuyers purchasing within the incorporated city limits of Atlanta. It is paired with a 30-year, fixed-rate FHA, VA or Conventional first mortgage through an Invest Atlanta participating lender. The assistance is forgiven after the buyer has lived in the home as their primary residence for 10 years.
  • Up to $20,000 in assistance that can be used for down payment, closing costs, a permanent interest rate reduction, or all three.
  • Paired with a 30-year, fixed-rate first mortgage.
  • Forgiven after living in the home for 10 years as the primary residence.
  • Homebuyer must make a $1,500 contribution in the transaction from their own funds.
  • Homebuyers cannot exceed $35,000 in liquid assets.
  • Funding comes from Local Government.

How much assistance does it provide?

Invest Atlanta - ATL HomeNOW offers up to $20,000 in assistance.

  • The program asks buyers to contribute $1,500 of their own funds; items purchased outside of closing count toward this requirement.
  • 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?

Invest Atlanta - ATL HomeNOW is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Invest Atlanta - ATL HomeNOW is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A completed homebuyer education course
  • Property must be within the incorporated city limits of Atlanta
  • Must qualify for a 30-year fixed-rate FHA, VA or Conventional mortgage loan with an Invest Atlanta participating lender
  • Minimum FICO credit score is 620, with a maximum DTI determined by automated underwriting
  • Homebuyers cannot exceed $35,000 in liquid assets
  • Participants must contribute $1,500 of their own funds; items purchased outside of closing count toward this requirement
  • Participants cannot own interest in any other property
  • The property must be owner-occupied and cannot be manufactured
  • Existing properties must pass inspection prior to closing
  • Affordability period is 10 years
  • Maximum loan amount is $325,000; there is no maximum purchase price

The program excludes

  • Manufactured homes
  • Households above 120% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Invest Atlanta - ATL HomeNOW limits household income to 120% of the area median income, which varies by county and household size.

  • 120% AMI. 1 person: $99,000; 2 persons: $113,160; 3 persons: $127,320; 4 persons: $141,360; 5 persons: $152,760.
  • 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?

Invest Atlanta - ATL HomeNOW can be used for Single Family, Condo, Townhouse, 2-4 Unit, and New Construction.

  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Invest Atlanta - ATL HomeNOW serves buyers purchasing in Atlanta, Georgia.

How do you apply?

Applications for Invest Atlanta - ATL HomeNOW go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

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

  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.

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