ATL HomeNOW
Down Payment Assistance Program
The Urban Residential Finance Authority ATL HomeNOW DPA Program is designed to increase homeownership opportunities for low-to-moderate income individuals and families.
ATL HomeNOW Advantages
Down Payment Assistance
Up to $25,000 available as a second mortgage to help with your Down Payment
Competitive Interest Rates
Boost your buying power and lower your costs.
No Homebuyer Requirement
ATL HomeNOW welcomes all buyers, not just first-time homebuyers.
ATL HomeNOW Loan Requirements
- Credit Score Minimum FICO: 620
- Income Limit 120% AMI
- Debt-to-income ratio AUS approval
- Occupancy required Within 60 days of closing
- Homebuyer Education Informative course required
Qualifications
The home loan that unlocks opportunities
Qualifications
The home loan that unlocks opportunities.
- Available throughout the City of Atlanta, GA
- FHA, VA and Conventional Loans
- No First-time homebuyer requirement
- Max First Loan amount: $325,000
- 1-4 unit properties allowed
Connect with a Loan Expert
Our Loan Experts are available to answer all your questions.
Why People Trust Us
Experience: Leading community lender since 1988
Reliability: We hold over 90% of our loans
Flexibility: We offer a variety of loan options tailored to your specific needs
Coverage: Licensed in all 50 states and the District of Columbia
ATL HomeNOW FAQs
What is the ATL HomeNOW DPA Program, and who is it designed for?
The ATL HomeNOW DPA Program is designed to help low-to-moderate income individuals and families in the City of Atlanta achieve homeownership by providing down payment and closing cost assistance.
How much assistance can I receive through the ATL HomeNOW DPA Program?
Eligible borrowers can receive up to $25,000 in subordinate mortgage assistance, which can be used for down payment, closing costs, permanent interest rate reduction, or a combination of these.
What are the terms of the subordinate mortgage under the ATL HomeNOW Program?
The subordinate mortgage has a 30-year term, 0% interest rate, no accrued interest, and no monthly payments.
What types of loans are eligible for the ATL HomeNOW DPA Program?
The program is available for FHA, VA, and Conventional loans on 1-4 unit properties.
Are there any income limits or other eligibility requirements for the ATL HomeNOW DPA Program?
Household income limits apply, with eligibility up to 120% of the Area Median Income (AMI). There is no first-time homebuyer requirement, but a minimum FICO score of 620 is required.