Fulton Homeownership Program
Fulton County Department of Community Development
Atlanta, GA 30303
Fulton Homeownership Program
The Fulton County Homeownership Program (HOP) offers eligible first-time homebuyers down payment and closing cost assistance. We offer assistance up to $15,000.00, in the form of a 0% interest, deferred monthly payment loan which is forgiven if the homebuyer still resides in the home as their principal residence for a period of six (6) years or eleven (11) years after the purchase – depending upon the amount of the HOP loan (See Program Overview).
Eligibility Requirements
To qualify for this program, applicants must meet the following criteria:
• Must be a first-time homebuyer (not owned a home in 3 years)
• Household income must be at or below 80% of Adjusted HOME Income Limits for Fulton County
• Property must be located within the Fulton County, GA service area
• Property must pass an internal Fulton County Government Environmental Review
• New homes must receive a Certificate of Occupancy
• Existing homes must pass an internal Fulton County Government property standards inspection
• Property purchase price may not exceed $333,000 for either an existing home or for new construction. [Effective 6/15/2023]
• Must complete a HUD-approved Homebuyer Education Program
View current income eligibility limits and the Fulton County HOP service area for this program.
Contact one of our HOP Participating Lenders to begin the process of applying for a 1st mortgage loan. They will assist you in completing the HOP loan application, gathering required documentation and will submit the complete HOP loan package on your behalf to the Fulton Homeownership Program for review and processing.
Fulton Homeownership Program
more information
Homeowner (Down Payment Assistance) Program Information
Fulton Homeownership Program
FAQs
Homeownership Program Frequently Answered Questions
Answers are in bold
FAQs
- Where can I apply to become an approved participating lender? You can submit your request to the Downpaymentassistance@fultoncounty.ga.gov mailbox
- Where can we find the Lender Participation Agreement? You can submit your request to the Downpaymentassistance@fultoncounty.ga.gov mailbox and someone will provide you with the process and document.
- Where can I register with Fulton County as a Vendor? For all newly approved lenders, it is required that within 5 business days of confirmation of approval that newly approved respective Closing Entity: Title Company and/or Closing Attorney Firm must register with Fulton County as a vendor. Vendor registration is required in order to process any approved HOP loan amount to be facilitated by respective closing entity at closing. When registering it is recommended to select to ACH as the payment method. Link to Vendor Register: https://www.fultoncountyga.gov/inside-fulton-county/fulton-county-departments/purchasing-and-contract-compliance/vendor-registration-information
- Where can we find the following documents:
Program Guidelines/Program Details – ie., Brochure or Flyer/
Customer/Lender Submission Checklists. On the Fulton County Website - Are there any application fees associated with your homebuyer assistance program? Yes or No
- Does the Fulton County require a copy of the credit report from the lender? Yes or No
- If Yes
- Would your agency be willing to accept the credit report directly from the customer versus the lender? Yes or No – the credit report should come from the lender application submission.
- Does the agency require income documents from all members in the household beyond the borrower and co-borrower? Yes or No
- If Yes
- Would your agency be willing to accept the non-borrower income documents directly from the customer? Yes or No- all documents are submitted in the portal by the lender.
- Are there certain realtors for this program or can clients reach out to anyone? Yes, a Georgia’s licensed Realtor
Where can clients find the lender list? On the Fulton County website https://fultoncountyga.gov/inside-fulton-county/fulton-county-departments/community-development/fulton-homeownership-program
How long does the application process take from start to approval? Once a complete application is submitted, it may take up to 20 days