ANDP FHLBank Atlanta Down Payment Assistance
Funding status: Active
How much assistance
$17,500 to $20,000 for households at or below 80% AMI; $15,000 for households between 80.1-120% AMI (Workforce Housing Plus) (Forgivable Loan)
Forgivable loan terms set by FHLBank Atlanta. Details provided upon application.
Eligibility
- Income limits: Household income at or below 80% AMI for First-Time Homebuyer and Community Partner programs; 80.1-120% AMI for Workforce Housing Plus.
- First-time buyer required: No
- Geographic restrictions: Available for home purchases in metro Atlanta. Can be used for ANDP-built homes or any existing home in the area.
- Homebuyer education required: Yes
How to Apply for ANDP FHLBank Atlanta Down Payment Assistance
Step 1: Your mortgage lender must submit the DPA application on your behalf. Funds are available on a first-come, first-served basis. Can be combined with Invest Atlanta and Atlanta Housing DPA programs.
Notes
ANDP has access to up to $750,000 per funding year for First-Time Homebuyer and Community Partner programs combined, plus $500,000 for Workforce Housing Plus. Funds are limited — apply early.