You may access the FHLBank Atlanta Income Calculator to use as a tool to determine if the household income would be within the threshold requirements. https://cis.fhlbatl.com/ahp/utilities.portal
Homebuyers that are currently serving or have served in any branch of the U.S. military, or their surviving spouses, are eligible.
The amount of assistance is $7,500.
You can find a list of approved lenders on the Federal Home Loan Bank of Atlanta's website.
|Homebuyer must earn their Homeownership Counseling Certificate from a City-approved counseling agency before writing a sales contract.|
|The home must be the homebuyer’s primary residence.|
|Incentive may be used toward downpayment and closing costs.|
|Incentive is a five-year forgivable loan (Your balance is forgiven by 20% each year, at the end of five years you no longer have a balance).|
|The home may have up to 4 zoned residential units.|
|This incentive may be used in addition to other incentives.|
|Incentive appears as a second lien on property until the balance is forgiven or repaid.|
|Homebuyer must use an approved lender.|
For More Information
Federal Home Loan Bank of Atlanta
(800) 536-9650 ext 8385