Fulton Homeownership Program

The Fulton County Homeownership Program (HOP) provides affordable mortgage financing for eligible first-time homebuyers. Fulton County HOP offers down payment assistance to individuals that may qualify.

The loan is deferred, no-monthly-payment loan with zero percent (0%) interest. This second mortgage loan may be used to cover down payment, closing costs, and/or interest rate buydown costs needed to support the financing of the required first mortgage—up to $22,500, based on need.

HOP provides up to 7.5% of the sales price, not to exceed $22,500, in down payment, closing cost, and interest rate buydown assistance, in accordance with your first mortgage HOP lender’s requirements.

• No repayment is required if the home remains the primary residence of the homebuyer during the six- or eleven-year affordability period.
• 20% of the loan is forgiven annually starting on the second anniversary of the loan closing, provided the homebuyer remains compliant with HOP Policy guidelines.

You May Qualify if...

• You are a qualified first-time homebuyer (Have not owned a home in the past three years).
• Your household income does not exceed the limits as shown in chart.
• You are approved for a 1st mortgage with a HOP Participating Lender.
• All applicant buyers must receive housing counseling before receiving HOP Program Funding and in accordance to the HOP policy guideline.
• Home purchase price does not exceed $347,000 for existing and $367,000 for new construction homes.
• Income Limits Updates can be found via HUD website, click here.

To determine if you’re eligible to qualify for the HOP down payment assistance gather the required items from the checklist here.