This home is an ANDP (Atlanta Neighborhood Development Partnership) funded renovation. Net cost to buyer can be below $200K – if you qualify for multiple down payment assistance programs. ANDP will allow buyer to stack these programs. ANDP is offering $20k in down payment assistance to qualified buyers. Qualifying buyers can realize UP TO $45K IN DOWNPAYMENT ASSISTANCE through Invest Atlanta, AHA, and other DPA programs. Total household income cannot exceed 120% of Area Median Income (AMI). Income limits are set at: 1 PERSON $90,300, 2 PERSON $103,200, 3 PERSON 116,100, 4 PERSON
$129,000, 5 PERSON $139,350.
Buyer(s) cannot own a home at time of offer and must make their purchased home theirprimary place of
residence for their family.
Buyer(s) shall provide a direct contribution of at least $1,000 towards this transaction. Thisincludes a minimum
of $500.00 in earnest money and may also include the cost of the requiredappraisal and home buyer inspection.
Seller will provide a
termite bond.
Seller will provide a homebuyer warranty not to exceed $525.00
***If a veteran household, seller will provide a grant of
$7,500.00 towards closing costs.
ALSO REQUIRED DOCS WITH YOUR OFFER. **OFFERS NOT ACCEPTED WITHOUT THE FOLLOWING
DOCUMENTS:
Completed ANDP Homebuyer Information Sheet
Homebuyer pre-approval letter.
The following income documentation for all
members of the household over the age of 18:
o Two months of pay stubs.
o Two most recent years of tax returns.
o An affidavit for any
household member over the age of 18 that does not have an income source.
** If a veteran household, a copy of the veteran family
member’s DD-214 must be provided.