Home Buying in Atlanta>Question Details

Aaron, Home Buyer in Atlanta, GA

Question about down payment

Asked by Aaron, Atlanta, GA Mon Apr 29, 2013

We've been looking at moving lately, and one of the places we looked at was Colorado Springs. They have a bond program there that will cover 4% of the house payment with certain limitations and income requirements. Does Atlanta have anything similar to that?

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The local bond programs will cover certain percentages of the down payment, but not the house payment for purchasing purposes. If you actually did mean to type house payment, please be mindful that those programs are available in Metro Atlanta, particularly for distressed home owners.

Solomon Greene
Georgia Real Estate Brokers Associate, REALTOR®, REALTIST®, Certified Affordable Housing Counselor
Keller Williams Realty Atlanta Partners
(678) 775-2677
0 votes Thank Flag Link Wed May 1, 2013
Aaron,

Yes there are some very good down payment assistance programs in the Atlanta area. Most of which are Intown Atlanta and not the suburbs and they do have limited income requirements. Several of the programs will contribute well over 4% of the purchase price. I'd be happy to discuss each of these in greater detail to see if it’s a good fit for you.

Sincerely,

Chris Irvin
Mortgagae Banker
Brand Mortgage
NMLS #75615/465546
678-251-7889
email: cirvin@brandmortgage.com
http://www.chrisirvin.com
0 votes Thank Flag Link Tue Apr 30, 2013
There are many programs available. To the extend a program reduces the amount down by 4% it reduces the payment by 4%.

Check out Down Payment Resource http://www.workforce-resource.com. You can input the zip code of the area you are interested in and see what programs are currently available and the qualifications and limitations. When you decide if Atlanta is your destination give me a call and we can discuss your situation and programs available.

Bruce Ailion,
RE/MAX Greater Atlanta Commercial
An Atlanta Real Estate Expert Serving Clients Since 1979
RE/MAX Hall of Fame – REALTOR Phoenix Award
CRS, CRB, ABR, MSRE, CDPE, e-PRO, ESQ
2050 Roswell Road
Marietta GA 30062
404-978-2281 Direct
404-386-3682 Assistant Robin
678-760-6266 Buyer’s Agent Adam
770-973-9700 Office
bruce@locationlocationlocation.com
http://www.LocationLocationLocation.com
The LinkedIn REALTOR
http://www.linkedin.com/in/bruceailion
0 votes Thank Flag Link Mon Apr 29, 2013
While there are some down payment assistance programs available throughout GA, none I have ever seen help with the actual monthly mortgage payment.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at http://www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
0 votes • Reply • Flag • Link • Delete • A few hours ago
0 votes Thank Flag Link Mon Apr 29, 2013
Atlanta does have several bond programs and several counties.
0 votes Thank Flag Link Mon Apr 29, 2013
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