helping renters become home owners

Atlas Uplift

What is the Uplift program?

It’s our mission is to uplift humanity through real estate, and the first step in doing that is making the American Dream of home ownership more accessible. Atlas’ Uplift program provides resources and a clear pathway to help renters achieve the dream of homeownership. We know that coming up with a down payment is one of the biggest barriers to buying a home, so we created the Uplift program with this in mind. The program provides valuable benefits that will help renters save for a down payment, pay less in interest and navigate the homebuying process with ease.

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How it Works

1

Sign a new lease at an Atlas co-owned single-family property.

2

Move into your new home and opt into the Uplift program with no obligation or penalties if milestones aren’t met.

3

Rent your property for 48 consecutive months.

4

Take advantage of the perks of the program and use an Atlas Broker when you are ready to start the homebuying process.

Program Features:

One Month Free Rent

Month 49 is free.

Steady Rent

No rent increases after your third lease renewal.

Lease Flexibility

Transition to month-to-month lease after year three and avoid any lease-break fees when you buy a home.

Cash for Moving Expenses

Atlas will gift you a $500 moving credit.

Brokerage Fee Discount

Your Atlas broker will provide a 1% rebate on commission fees, freeing up thousands of dollars to be used towards closing costs.

A Lower Interest Rate**

We will reduce your interest costs thanks to our mortgage originator partnership.

Resources for Down Payment Assistance

We will connect you to down payment assistance programs, thanks to Atlas’ strong relationships with local nonprofits.

Access to Free Educational Resources

Atlas hosts a live webinar series to address the common misconceptions of achieving homeownership.

Total estimated value =

$22,250^†

* The Atlas Uplift Program and all benefits thereunder are subject to additional terms and conditions not set forth herein. All such terms and conditions are set forth in the Resident Down Payment Program Lease Addendum, a copy of which may be requested from Atlas Real Estate. The above mentioned benefits are only realized upon closing of a new home. The recipient must agree to use Atlas Real Estate brokerage services.

**Atlas negotiates on behalf of tenant to help reduce interest cost of the duration of the loan, but the exact amount is variable.

†The Approximate Program Value and other Values set forth herein are estimates only – based on a $2,500 year-one rent, 3% downpayment using an FHA Loan and a home price of $500,000. All such Values are not guaranteed or promised, are contingent upon the Atlas Uplift Program Terms and Conditions and may vary based on a variety of factors.

FAQs:

Who is eligible for the program?
Is there risk in signing up? What if my plans change?
What is the timeline for eligibility?
Do I have to wait three years? What if I am ready to purchase a home in one or two years?
Do I have to use Atlas as my real estate agent?
Can you explain the $22,500 valuation of the program?
Are there any hidden costs?
Where can I learn more about homeownership?

Erik Hanley

Atlas Uplift Program Coordinator