Are you searching for Atlanta real estate or a new home inside the Perimeter? With a new program offered by the Atlanta Development Authority, you could live a sustainable life, surrounded by hiking and biking trails, acres of greenspace and light rail transit giving you access to the best shopping, dining and attractions that Atlanta has to offer. And on top of that, you could receive down payment assistance of up to $50,000 on new, vibrant condos, townhomes and lofts around the city.
Atlanta home buyers are now able to receive a 30-year fixed mortgage at 3.5% and up to $50,000 in down payment assistance through a program, Live Along the Beltline, launched by the Atlanta Development Authority earlier this month.
The program is designed to move qualified participants to “target areas” in the city, including neighborhoods along the Atlanta Beltline. Homeowners in these areas will reap the benefits of the public parks, multi-use trails and transit along the Beltline.
Participants in the program must meet lender underwriting guidelines, sell any existing property before closing on the new one and contribute at least $1,500 in closing costs. Participants needing down payment assistance can choose from homes up to $252,890. The top price for participants not needing down payment assistance is $374,268.
Please let us know if you participate in this program. We’d like to know where you bought and how it all worked for you!