Qualifications

Qualifications

All applicants must meet these qualifications:

 

  • Be a first-time homebuyer or fall within certain exceptions.
  • Be a citizen or permanent legal resident of the U.S. who has lived or worked in one of the following counties for the past year: Fulton, Cherokee, Clayton, Cobb, Dawson, DeKalb, Douglas, Fayette, Forsyth, Gwinnett, Henry, or Paulding.
  • Household size of one to eight people.
  • Meet income guidelines - based on area median income. We consider predictable sources of documented income such as, social security, self-employment, disability, and child support.
  • Meet credit guidelines - payment history is considered, but credit score is not considered.
  • Meet savings requirement  (step-up option is available).
  • Be willing to live in and participate in the communities where Atlanta Habitat is building at the time your application is approved. Click here to see where we have built in prior years.

 

 

 

 

 

Income Guidelines | Effective 1/1/2017

Monthly Income Basis

Family Size Minimum Gross Income Maximum Gross Income
  3 bedroom 4 bedroom 3 bedroom 4 bedroom
1 person $1,745 $2,025 $3,155 $3,155
2 people $1,745 $2,025 $3,600 $3,600
3 people $1,745 $2,025 $4,055 $4,055
4 people $2,025 $4,500
5 people $2,370 $4,860
6 people $2,715 $5,220
7 people $3,060 $5,580
8 people $3,410 $5,940

 

Annual Income Basis

Family Size Minimum Gross Income Maximum Gross Income
  3 bedroom 4 bedroom 3 bedroom 4 bedroom
1 person $20,940 $24,300 $37,860 $37,860
2 people $20,940 $24,300 $43,200 $43,200
3 people $20,940 $24,300 $48,660 $48,660
4 people $24,300 $54,000
5 people $28,440 $58,320
6 people $32,580 $62,640
7 people $36,720 $66,960
8 people $40,920 $71,280

 

Occupancy Payments | Effective 1/1/2017

3 bedroom houses   –   $ 575 per month
4 bedroom houses   –   $ 620 per month

 
Good Faith Deposit | Effective 1/1/2017

$800 

 

 


 

Learn more about the application process and to sign up for an information session.


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