elliottonrealestate.com » Cobb http://elliottonrealestate.com Insights on Atlanta Area Real Estate Tue, 13 Jul 2010 13:30:12 +0000 http://wordpress.org/?v=2.8 en hourly 1 City of Marietta, Cobb & Cherokee County 1st Time Homebuyer Programs http://elliottonrealestate.com/city-of-marietta-cobb-cherokee-county-1st-time-homebuyer-programs/ http://elliottonrealestate.com/city-of-marietta-cobb-cherokee-county-1st-time-homebuyer-programs/#comments Tue, 19 May 2009 22:04:08 +0000 Elliott Robinson http://elliottonrealestate.com/?p=14 First Home Down Payment Assistance Program
The program has up to $7,500 of funds available through a 0% interest rate, with no amortization, due upon conveyance of the deed. Income limits are 80% of HUD Area Median Income Limits.  Borrower contribution is 1% – 3% of sales price.  Purchase price limit is between $170,000.

Individual Development Account Program
Grant from United Way. Provides first time homebuyer with pre-purchase counseling, economic literacy classes and down payment assistance.

Section 8 (Voucher Homeownership) Program
This program allows subsidies once applied to rental payments to be utilized for mortgage payments. This program is designed to increase wealth, build stronger communities and help renters realize the dream of homeownership. CHI provides credit counseling, life skills training, financial/literacy training, budget counseling and lending. We make second mortgage loans upto $25,000 for 10 years. Maximum purchase price is $160,000.

Elliott Robinson, JD – Associate Broker
Adams Realtors
458 Cherokee Ave. SE
Atlanta, GA 30312
(o) 404-688-1222

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