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Homeownership


 

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
  • 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 standard. This ensures that our houses conserve energy, and saves homeowners 35-40% on utility bills.
  • Handicapped visit able or accessible based on family’s needs
    Attractive ramps allow handicap access to the home, and Ability Houses can be built for families with individuals who have a disability.

Qualifications

All applicants must meet these qualifications:

 Income Guidelines | Effective 8/24/2015
 
Monthly Income Basis
 

Family Size

Minimum Gross Income Maximum Gross Income
  3 bedroom 4 bedroom 3 bedroom 4 bedroom
1 person $1,745 $1,990 $3,005 $3,005
2 people $1,745 $1,990 $3,435 $3,435
3 people $1,745 $1,990 $3,865 $3,865
4 people $1,990 $4,290
5 people $2,325 $4,640
6 people $2,665 $4,980
7 people $3,005 $5,325
8 people $3,340 $5,670
 

 
Annual Income Basis
 

Family Size

Minimum Gross Income Maximum Gross Income

 

3 bedroom 4 bedroom 3 bedroom 4 bedroom
1 person $20,940 $23,880 $36,050 $36,050
2 people $20,940 $23,880 $41,200 $41,200
3 people $20,940 $23,880 $46,380 $46,380
4 people $23,880 $51,480
5 people $27,900 $55,680
6 people $31,980 $59,760
7 people $36,060 $63,900
8 people $40,080 $68,040
 
 
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; Consider that income amounts include wages, social security, social security disability, child support and other forms of reliable income. 
  • 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.
Click here to learn more about the application process and to sign up for an information session.


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