Nonprofit down payment help built for metro Atlanta

Nonprofit down payment help, mostly through FHLBank Atlanta

Atlanta Neighborhood Development Partnership is a metro-Atlanta nonprofit that has connected more than a thousand buyers to down payment assistance and helped build or renovate affordable homes across the region. It is a member institution of the Federal Home Loan Bank of Atlanta, which is where most of its down payment money comes from.

Through those FHLBank Atlanta products, qualifying buyers below 80% of area median income can generally access about $17,500 to $20,000, and buyers between 80.1% and 120% of AMI about $15,000. Some of that money can go toward any existing metro-Atlanta home; other ANDP help, like its veterans assistance and its internal soft-second, is tied to ANDP's own renovated homes. Funds are limited and first-come, first-served, and your lender has to apply on your behalf.

‍

How it works and who qualifies

• Metro-Atlanta nonprofit; member of FHLBank Atlanta
• FHLBank Atlanta DPA generally $15,000–$20,000, tiered by income
• Below 80% AMI: about $17,500–$20,000
• 80.1%–120% AMI: about $15,000
• Some funds work on any existing metro-Atlanta home; others are ANDP-homes only
• Your mortgage lender must submit the application
• Many programs require an ANDP-approved lender
• Homebuyer education is required
• Funding is limited and first-come, first-served

‍

What this means in Clayton

For a Riverdale or Clayton County buyer, the most useful ANDP door is usually the FHLBank Atlanta assistance, since it can go toward an existing home here and layer on top of your first mortgage. The catch is timing: it runs on limited annual funding, first-come first-served, and your lender has to get the application in.

Amounts, income tiers, and availability change through the year, so we confirm current numbers with ANDP and an ANDP-approved lender, and check your county's AMI, before you count on them. You can start at andphomes.org.

‍

I am a licensed REALTOR®, not a lender. ANDP and your participating lender confirm the final figures, funding availability, and who qualifies.