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American Dream Down payment Initiative (ADDI):
What is it?
ADDI is a program designed to provide mortgage assistance in the form of a 0% interest second mortgage in the amount of $10,000 to assist with down payment and closing cost. The lender will qualify the borrower for a 30 year fixed rate mortgage and use ADDI as down payment assistance.
What type of home can I buy?
You can purchase an existing or newly constructed single family detached home, condominiums and town homes as long as the property is inside the Atlanta City Limits
What are the income limits?
Household Size Income Limits
(1 person Household) $39,850
(2 person Household) $45,550
(3 person Household) $51,250
(4 person Household) $56,950
(5 person Household) $61,500
How do I apply?
- Contact one of our participating lenders to get pre-qualified and let them know you are interested in the ADDI program.
- The lender will have you complete a loan application which included all the ADA required documentation.
- Attend a homebuyer’s education seminar from one of our Preferred Seminar Providers.
- The lender will approve your loan based on the preferred mortgage companies’ guidelines and forward the ADA/URFA documentation to our office to be reviewed and approved.
Frequently Asked Questions
ADDI Program Flyer
Preferred Attorney List
Preferred Homebuyer Education Agencies
Determine if Property Is Located in the City of Atlanta *(New Construction will not show-Contact the ADA representative for assistance)
ADDI cannot be combined with AAHOP
** This program is currently suspended until further notice, but feel free to contact Tracey Powell at
404-614-8280 with any questions.
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