Fulton County Homeownership Program (HOP)

What is Fulton County Homeownership Program (HOP)?

Fulton County Homeownership Program (HOP) is a grant for homebuyers in Fulton County, Georgia.

• Fulton County HOP provides up to 7.5% of the purchase price (maximum $22,500) in down payment and closing cost assistance to eligible low-to-moderate income first-time homebuyers purchasing in Fulton County, GA (excluding the cities of Atlanta, Chattahoochee Hills, Johns Creek, Roswell, Sandy Springs, and South Fulton). The assistance is a deferred, 0% interest forgivable loan funded through the HOME Investment Partnerships Program. Household income must not exceed 80% of Area Median Income. 20% of the loan is forgiven annually beginning the second anniversary of closing.
• Up to 7.5% of purchase price (max $22,500) in down payment and closing cost assistance.
• Deferred 0% interest forgivable loan — 20% forgiven annually beginning year 2 (fully forgiven in ~6 years if property remains primary residence).
• Funded through HOME Investment Partnerships Program.
• Must complete HUD-approved homebuyer education.
• Available to first-time buyers at or below 80% AMI in Fulton County (excluding Atlanta, Chattahoochee Hills, Johns Creek, Roswell, Sandy Springs, South Fulton).
• Funding comes from Local Government.

How much assistance does it provide?

Fulton County Homeownership Program (HOP) offers up to $22,500 in assistance.

• The program asks buyers to contribute 1% or $1,000.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Fulton County Homeownership Program (HOP) is structured as a grant, so it is not repaid.

• Repayment is triggered by Transfer of Title, Refinance, and No Longer Primary.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Fulton County Homeownership Program (HOP) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Fulton County Homeownership Program (HOP) limits household income to 80% of the area median income, which varies by county and household size.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Fulton County Homeownership Program (HOP) caps the purchase price at $347,000.

• Eligible property types include Single Family, Condo, Townhouse, and New Construction.
• New construction is eligible.

Where does it apply?

Fulton County Homeownership Program (HOP) serves buyers purchasing in Fulton County, Georgia.

• The program targets specific areas: Fulton County, GA — excluding the cities of Atlanta, Chattahoochee Hills, Johns Creek, Roswell, Sandy Springs, and South Fulton. Property must be located in unincorporated Fulton County or the eligible incorporated cities within Fulton County.

How do you apply?

Applications for Fulton County Homeownership Program (HOP) go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.