Benefits of Purchasing an Atlanta Habitat home


 

No-interest mortgage
Save an average of about $125,000 over the life of the loan!

Low monthly payments
Currently, most new homeowners pay less than $650 per month, depending on the cost of their individual property.

Low good faith deposit
Once an application is approved, the required $800 good faith deposit may be paid in installments. The homebuyer does not have any other out-of-pocket closing costs.

Attractive, well-constructed homes
Modern homes that are not only beautiful but also well-built

Brand new Whirlpool appliances
All Atlanta Habitat houses include a new stove, refrigerator, washer, and dryer.

Energy-efficient homes with low utility bills
Each Atlanta Habitat house is built using energy efficiency standards. This ensures that our houses conserve energy, which saves homeowners 35-40% on utility bills.

Handicapped accessible based on family’s needs
Attractive ramps allow handicap access to the home, and modifications can be made for families with individuals who have a disability.

 
 

Qualifications

All applicants must meet these qualifications:

Income Guidelines | Effective 1/1/2016

Monthly Income Basis

Family Size Minimum Gross Income Maximum Gross Income
  3 bedroom 4 bedroom 3 bedroom 4 bedroom
1 person $1,745 $2,020 $3,185 $3,185
2 people $1,745 $2,020 $3,640 $3,640
3 people $1,745 $2,020 $4,090 $4,090
4 people $2,020 $4,545
5 people $2,370 $4,910
6 people $2,715 $5,275
7 people $3,060 $5,640
8 people $3,410 $6,005

 

Annual Income Basis

Family Size Minimum Gross Income Maximum Gross Income
  3 bedroom 4 bedroom 3 bedroom 4 bedroom
1 person $20,940 $24,240 $38,220 $38,220
2 people $20,940 $24,240 $43,680 $43,680
3 people $20,940 $24,240 $49,080 $49,080
4 people $24,240 $54,540
5 people $28,440 $58,920
6 people $32,580 $63,300
7 people $36,720 $67,680
8 people $40,920 $72,060

 

Occupancy Payments | Effective 10/1/2014

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

 
Good Faith Deposit | Effective 10/1/2014

$800 

  • 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.

 


 

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


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