To purchase an NSP home you must have:
Stable income - Limited Debt - Decent Credit - Income Eligible by Family Size - At least $1,000 towards purchase
Downpayment Assistance Program information has moved to www.claytoncountyhud.com
CHECK THE FOLLOWING INCOME CHART TO DETERMINE IF YOU ARE INCOME ELIGIBLE.
HUD Maximum Income Limits – Clayton County, Georgia 2018 |
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1 Person | 2 Persons | 3 Persons | 4 Persons | 5 Persons | 6 Persons | 7 Persons | 8 Persons | |
50% AMI | $26,200 | $29,950 | $33,700 | $37,400 | $40,400 | $43,400 | $46,400 | $49,400 |
60% AMI | $31,440 | $35,940 | $40,440 | $44,880 | $48,480 | $52,080 | $55,680 | $58,080 |
80% AMI | $41,900 | $47,900 | $53,900 | $59,850 | $64,650 | $69,450 | $74,250 | $79,050 |
120 % AMI NSP only 2018 |
$62,850 | $71,800 | $80,800 | $89,750 | $96,950 | $104,100 | $111,300 | $118,500 |
*AMI (Area Median income) Clayton County is part of the Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area
*AMI (Area Median Income) Subject to change per the Federal Gov. Dept. of (HUD) Housing and Urban Development.
Next You Will:
- Complete the 8 Hours Home Buyer Counseling (from HUD Approved Housing Counselors) For a list of dates and times go to the Events Section or you can go to HUD.gov to find a class near you.
- Contact one of the preferred and Certified Clayton Countylenders on the list below
to qualify for a standard home loan and complete the loan process. - Choose a house from Selected NSP Homes or find a home to purchase with Down Payment Assistance
- Contract to buy a house
- Complete the 4 Hours Home Owner Training - for NSP homes only (For a list of dates and times go to the events section)
- Close on House
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CELEBRATE!!!!!!!!!!!!!!
- Buyer can take the 8 Hours of Home Buyer Counseling through one of the HUD Approved Housing Counseling Agencies. To find the list of HUD Approved Housing Counseling Agencies, please visit: www.hud.gov and click on Resources.
Buyer must use of one the certified lenders on the list located at
www.claytoncountyhud.com Down Payment Assistance Program