Don’t Miss NACA’s First Atlanta Convention for Buyers & Homeowners

If you have heard of NACA but have had a hard time getting through the process, the 2012 AMERICAN DREAM CONVENTION here in Atlanta may be just for you!  NACA (Neighborhood Assistance Corporation of America) will be holding its first ever AMERICAN DREAM CONVENTION at Atlanta’s Georgia World Congress Center from Tuesday, January 10 to Sunday, January 15, 2012 from 8 a.m. to 8 p.m. daily.  For NACA, this is a first because it is catered to both homebuyers that want to take advantage of NACA’s low rates and for current homeowners that are struggling to pay their mortgage.

FREE MONEY For Those in the Military

For many, the American Dream of home-ownership has become even more desirable with the extremely low housing prices found in today’s real estate market due to the numerous foreclosures. And although the home prices are still at a record low in most parts of the nation, especially here in Metro Atlanta, I do not know anyone that would not like free money to be given towards a home purchase.  What free money?, you ask.  Well, whether you are actively serving in our nation’s military, are in the reserves, are a veteran, are an employee of the Department of Defense, or are employee of the Department of Homeland Security, you may qualify for down-payment assistance up to $5000 towards your next home purchase.

How to Get a $7500 Grant Towards Your Home Purchase

Many of us enjoy the investment matching programs offered by various employers, where for every $1 you invest in your retirement, your employer may match you with $1 or some variation.  Many capitalize on such matching programs but what if someone would match the funds you contribute to your home purchase? Here in metro Atlanta, there is such a program through the FHLBank First-time Homebuyer Program (FHP).

Special Mortgage Financing for Medical Professionals

If you are just beginning a career in the medical profession (i.e. licensed and practicing residents, licensed and practicing physicians, dentist, etc.), then there is a new real estate opportunity available for you!  As everyone is aware, in today’s real estate market, a buyer can typically find an extraordinary real estate deal and get mortgage financing as long as they have an established working history and little debt, including student loans.   Now, however, as a medical professional you can now purchase a home even if your employment start date is up to 60 days after your closing. 

How to Get Discounts On Your Home Purchase

Many people ask, “The home listing mention that HomePath Financing is available - what is that?”   HomePath, Fannie Mae’s REO program, maybe a great financing program to take advantage of if you see it offered for a particular sales listing.  For Fannie Mae homes, HomePath Financing offers owner-occupant buyers 3% of the sales price down with no mortgage insurance and no appraisal fees - this is even better than FHA, which offers 3.5% down with an additional mortgage insurance fee that buyers have to pay at closing and each month.

OWNER FINANCING: Tips On How to Make It Work

Whether you are a Buyer with less than perfect credit, a Buyer with not enough down-payment funds or just a Seller eager to sell, owner-financing maybe a viable option.  Banks generally are willing to accept rent credits for an option to buy as an acceptable down payment, but both buyers and sellers must follow these guidelines for Fannie Mae and Freddie Mac to sanction the transaction.

ALTERNATIVES TO THE TAX CREDIT: Receive Up to $8,000 for Purchasing a Home in Dekalb County

If you are searching for a home in Dunwoody, Decatur, Chamblee, Doraville, Tucker, Stone Mountain, or in any Dekalb County city, outside the city limits of Atlanta, there maybe money waiting for you!  Dekalb County’s Homebuyer Program offers eligible buyers who have not owned real estate in the last 3 years up to $8,000 to use towards their down payment, closing costs, or other prepaid expenses.  Displaced homemakers and single parents may also qualify. 

ALTERNATIVES TO THE TAX CREDIT: Employers That Can Cause You to Get an Extra $7500

You may feel like your occupation and the hours you spend working are undervalued and unappreciated.  Well, here in Georgia, your labor is not in vain! Although the federal tax credit has expired, there actually are numerous programs throughout Georgia that will give those that work in some of the most undervalued occupations down-payment assistance for their next real estate purchase.  (For other programs besides this one, please click here.)  If you are employed with any of the following (and in some cases even if you are a volunteer), you may qualify to receive $7500 towards your home purchase through Georgia Dream’s PEN (Protectors, Educators, Nurses) program:

How to Get LUXURY ATLANTA CONDOS at Discounted Prices

TWELVE Centennial Park, Tribute Lofts, Reynolds on Peachtree, Renaissance Walk, and Oakland Park in Grant Park are all luxurious condo developments that many would love to call home.  Thanks to the Atlanta Development Authority (ADA) you maybe able to do it for half the retail market values.  Currently, prices for these trendy, new communities can range up to the low $400,000s.  But through ADA’s Eastside Tax Allocation District Program, select one- and two- bedroom units are offered at $155,000 or less and do not require a buyer to go through a potentially lengthy short sale process.

ALTERNATIVES TO THE TAX CREDIT: How to Get Up to $7500 For Buying a Home in One of These Georgia Counties

The Georgia Department of Community Affairs (DCA) has yet another new down payment assistance option to its Georgia Dream Homeownership Program to help revitalize and attract home buyers to the several counties affected by the 2009 Georgia floods.  The Georgia Dream Recovery Program offers down payment and closing cost assistance for all home buyers in the following Metro Atlanta counties: Carroll, Cherokee, Cobb, Dawson, Dekalb, Douglas, Fulton, Gwinnett, Heard, Newton, Paulding and Rockdale. For those desiring to purchase a home in these counties, the real estate qualifications to receiving the Recovery Program funds are that it maybe any home within one of these counties (it does not have to have been personally affected/damaged by the floods) with a purchase price of no more than $300,000.  The DCA’s recovery program is also available to counties in other parts of Georgia including: Catoosa, Chattooga, Crawford, Dooly, Houston, Peach, Stephens, Taylor and Walker.  For those desiring to purchase a home in these counties, the real estate qualifications to receiving the Recovery Program funds are that it maybe any home within one of these counties (it does not have to have been personally affected/damaged by the floods) with a purchase price of no more than $250,000.

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