Homebuyer Incentives Frequently Asked Questions (FAQs)

Have a question? See if we have the answer below.

Do I have to qualify for a mortgage before utilizing these programs?
What is prequalification?
Is my credit score going to affect my ability to participate in these programs?
Are there income restrictions?
Where can I buy my home if I use these programs?
What type of home can I buy?
Do I have to be a first-time homebuyer to participate?
Maximum income limits for these programs are by household members. Who counts as being a household member?
Do you calculate income before or after taxes?
How is my income calculated to qualify for incentives?
Will I qualify for Invest Atlanta Homebuyer Incentives with student loan obligations?
Can I buy a home, and then fix it up?
Where do I take the required home renovation class?
Do I have to live in my home for a certain time if I utilize these programs to purchase it?
What is an affordability period?
Can these programs be combined with other down payment assistance programs?
I’ve already been prequalified for a mortgage, but I don’t see my lender on your Participating Lender list. How does my lender get placed on your list?
How do I enroll in the required homebuyer education class?
When does the homebuyer education certificate expire?
How long is the process?
How much of my own money will I need?
Do I have to select a real estate agent from a list?
How do I get started?
How do I determine if a property qualifies for homebuyer incentives?
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