Down Payment Assistance City of Atlanta/Atlanta Development Authority Part IV of IV
The Atlanta Development Authority has Homebuyer Down-Payment Assistance Programs. There are four programs which I have recently become aware of: Beltline Affordable Housing Trust Fund, Atlanta Affordable Homeownership Program, Opportunity Down Payment Assistance Program, Vine City/ English Ave Trust Fund. For all of these programs the borrowers must qualify for a first mortgage in addition to down payment assistance, which is a second mortgage. The buyer qualifications vary from program to program. This is the information for the Vine City/ English Avenue Trust Fund The program provides the buyer with a down payment of up to 10% of the purchase price, not to exceed $15,000. There are no monthly payments required on the second mortgage. There is no maximum purchase price. The qualifications for the buyer is as follows:
The buyer can qualify for a Conventional, FHA, VA 30 year fixed rate loan. The following income limits apply depending on the size of the household: 1 person $49,800 2 person $57,000 3 person $64,000 4 person $71,200 5 person $76,900 Properties that are eligible are: single family detached homes, townhomes and condominiums located within the city limits of Atlanta nd the Trust Fund Program boundries. How is the down payment loan repaid? The loan is deferred for five years, repayment is due in full upon sale, transfer, refinancing or when the home is no longer owner-occupied. For further information or explanation you can contact a preferred lender for the Atlanta Development Authority Contact us for a list of preferred lenders: sjackson@kstrealty.com America's Network Realty Group, Inc is a full service real estate agency serving the Atlanta area since 1992. We can assist you in locating your qualified home for this program. See Atlanta Homes for Sale Below. Contact: sjackson@kstrealty.com Office: 770-551-5850 Ext 6 Information is deemed to be accurate but not guaranteed.
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Down Payment Assistance City of Atlanta/Atlanta Development Authority Part III of IV
The Atlanta Development Authority has Homebuyer Down-Payment Assistance Programs. There are four programs which I have recently become aware of: Beltline Affordable Housing Trust Fund, Atlanta Affordable Homeownership Program, Opportunity Down Payment Assistance Program, Vine City/ English Ave Trust Fund. For all of these programs the borrowers must qualify for a first mortgage in addition to down payment assistance, which is a second mortgage. The buyer qualifications vary from program to program. This is the information for the Opportunity Down Payment Assistance Program. This program provides the buyer with a down payment equal to 10% of the purchase price to a maximum of $25,289. There are no monthly payments required on the second mortgage. The maximum purchase price is $252,890. The qualifications for the buyer is as follows:
The buyer can qualify for a Conventional, FHA, VA 30 year fixed rate loan. The following income limits apply depending on the size of the household: $71,200 1 or 2 persons $81,880 3 or more persons Properties that are eligible are: single family detached homes, townhomes and condominiums located within the city limits of Atlanta . How is the down payment loan repaid? The deferred loan requires no payments and is forgiven if borrower occupies the property for at least 10 years. For further information or explanation you can contact a preferred lender for the Atlanta Development Authority Contact us for a list of preferred lenders: sjackson@kstrealty.com America's Network Realty Group, Inc is a full service real estate agency serving the Atlanta area since 1992. We can assist you in locating your qualified home for this program. See Atlanta Homes for Sale Below. Contact: sjackson@kstrealty.com Office: 770-551-5850 Ext 6 Information is deemed to be accurate but not guaranteed.
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Down Payment Assistance City of Atlanta/Atlanta Development Authority Part II of IV
The Atlanta Development Authority has Homebuyer Down-Payment Assistance Programs. There are four programs which I have recently become aware of: Beltline Affordable Housing Trust Fund, Atlanta Affordable Homeownership Program, Opportunity Down Payment Assistance Program, Vine City/ English Ave Trust Fund. For all of these programs the borrowers must qualify for a first mortgage in addition to down payment assistance, which is a second mortgage. The buyer qualifications vary from program to program. This is the information for the Atlanta Affordable Homeownership Program. This program provides the buyer with a down payment of $10,000, which can be used as a down payment, and or pay up to 50% of the closing cost. There are no monthly payments required on the second mortgage. The maximum purchase price is $252.890. The qualifications for the buyer is as follows:
The buyer can qualify for a Conventional, FHA, VA 30 year fixed rate loan. The following income limits apply depending on the size of the household: 1 person $40,150 2 person $45,900 3 person $51,600 4 person $57,350 5 person $61,950 Properties that are eligible are: single family detached homes, townhomes and condominiums located within the city limits of Atlanta . How is the down payment loan repaid? The loan is deferred for five years, repayment is due in full upon sale, transfer, refinancing or when the home is no longer owner-occupied. For further information or explanation you can contact a preferred lender for the Atlanta Development Authority Contact us for a list of preferred lenders: sjackson@kstrealty.com America's Network Realty Group, Inc is a full service real estate agency serving the Atlanta area since 1992. We can assist you in locating your qualified home for this program. See Atlanta Homes for Sale Below. Contact: sjackson@kstrealty.com Office: 770-551-5850 Ext 6 Information is deemed to be accurate but not guaranteed.
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The Atlanta Development Authority has Homebuyer Down-Payment Assistance Programs. There are four programs which I have recently become aware of: Beltline Affordable Housing Trust Fund, Atlanta Affordable Homeownership Program, Opportunity Down Payment Assistance Program, Vine City/ English Ave Trust Fund. For all of these programs the borrowers must qualify for a first mortgage in addition to down payment assistance, which is a second mortgage. The buyer quailfications vary from program to program. This is the information for the Beltline program.
Beltline Affordable Housing Trust Fund (BAHTF)
The maximum down payment assistance is $50,578. It provides the buyer with a down payment equal to 10% or 20% of the purchase prices as a second mortgage. No monthly payments are required on the second mortgage. The maximum purchase price is $252.890. The qualifications for the buyer is as follows:
The buyer can qualify for a FHA, VA 30 year fixed rate loan.
The folllowing income limits apply depending on the size of the household:
1 to 2 people income $56,250 and below, receive 20% DP or $56,251-$71,200 receive 10% DP
3 or more people income $56,250 & below receive 20% DP or $56,251-$81,880 receive 10% DP
Properties that are eligible are: single family detached homes, townhomes and condominiums located in the Beltline Tax Allocation district.
How is the down payment loan repaid? The deferred loan requires no payments and is forgiven if the borrower occupies the property for 15 years.
For further information or explanation you can contact a preferred lender for the Atlanta Development Authority.
America's Network Realty Group, Inc. is a full service real estate agency serving the Atlanta area since 1992. We can assist you in locating your qualified home for this program.
Contact: sjackson@kstrealty.com
Office: 770-551-5850 Ext 6
Information is deemed to be accurate but not guaranteed.
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