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 (or Have not owned a home in the past three years).
- You are approved for a 1st mortgage with a HOP Participating Lender.
- Your household income does not exceed the limits as shown in the chart.
- 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.
- Click here to view the HUD website for the most recent HUD Home Income Limit.
- Your household income does not exceed the limits as shown in the chart image included below:
Household Size |
Income Limits |
1 person |
$63,950 |
2 persons |
$73,100 |
3 persons |
$82,250 |
4 persons |
$91,350 |
5 persons |
$98,700 |
6 persons |
$106,00 |
7 persons |
$113,300 |
8 persons |
$120,600 |
To determine if you’re eligible to qualify for the HOP down payment assistance, gather the required items from the checklist here.
