The Beltline Team's Blog: Your source for Atlanta BeltLine real estate news and updates

Atlanta BeltLine downpayment assistance is expiring!

Posted in Affordable Housing, Atlanta BeltLine news & updates, Real Estate News by thebeltlineteam on January 27, 2012

It’s official – we’re nearing the expiration of the downpayment assistance program from the Atlanta BeltLine! We just received the following information directly from Invest Atlanta (recently renamed from the Atlanta Development Authority):

Invest Atlanta has a cut off date of March 16th to receive complete/approved lender files for DPA processing.  It is strongly suggested that lender applications be taken no later than February 1st to guarantee the loan will close before the deadline of April 15th.  From the date of lender application it takes approximately 60 days to process DPA loans for closing. 

If you have been thinking about buying a home along the Atlanta BeltLine, now is the time to make a move! In the next few weeks, lenders will stop accepting applications (our lenders are telling us February 15). We do not know when this type money will be available again. You can see eligible homes for sale on www.livealongthebeltline.com. If you’re ready, we’re here to help you find a great home.

If you are selling your DPA-eligible home along the Atlanta BeltLine, this is an excellent time to make one last marketing push to advertise your property with downpayment assistance (we suggest having your agent add it in to your FMLS public remarks).

While Atlanta BeltLine funds are going away, other downpayment assistance programs are still available (like the new Neighborhood Lift program from Wells Fargo). We can help you navigate through those types of loans as well.

If you have any questions, feel free to contact us at info@thebeltlineteam.com. Thanks!

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