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New Atlanta Beltline Home Affordability Program

BeltLine Affordable Housing Opportunity Program (BAHTF)

What is it?

The "BeltLine Affordable Housing Opportunity Program (BAHTF)" provides homebuyers with downpayment
assistance up to 20% of the sales price at 0% interest rate as a soft second mortgage.
1st Mortgage secured by ADA's participating lenders must be a Conventional, FHA or VA 30-year fixed rate loan.
1st Mortgage interest rate can not exceed the maximum monthly rate posted on ADA's website.

What type of home can I buy?

The property must be located in the Beltline Tax Allocation District. To verify go tohttp://gis.atlantaga.gov/apps/parcel_search/
Maximum purchase price limit can not exceed $252,890
Single family detached homes, townhomes, and condominiums
Property must be owner occupied

How Do I Get Started?

•1. Attend ADA approved homebuyers seminar.

•2. Contact one of ADA's participating lenders to get
pre-qualified and secure 1st mortgage loan.

•3. Find a home within the city limits of Atlanta.

•4. Have your lender complete loan package and forward it to ADA.

Beltline Affordable Housing Trust Fund Program Flyer

Preferred Housing Education providers

ADA Mortgage Programs Terms Matrix

Posted by Mike Fitzgerald on 04/16/2009 03:56 PM

Comments (1)

Down Payment Assistance in the Mortgage / Finance Channel

home mortgage, atlanta, beltline, belt line, down payment assistance

This post has been included in Georgia Information Fulton County, GA Information Atlanta, GA Information

1 Comments on New Atlanta Beltline Home Affordability Program

AUG

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Mike Fitzgerald

Cumming, GA

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Fitzgerald Realty, Inc.

Address: 7640 Abbey Glen , Cumming, GA, 30028

Office Phone: (404) 603-5460 x 1

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Discussion of land related topics moderated by Atlanta Land Broker, Mike Fitzgerald of Fitzgerald Land & Commercial Realty. Discussion focuses on residential subdivsion development, intown redevelopment, industrial and office land on green fields and brown fields. Land zoning, financing, environmental concerns and marketing techniques are also discussed.

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