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 (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:

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