Affordable Homeownership Opportunity Program (AHOP)

Affordable Homeownership Opportunity Program (AHOP) is a forgivable loan for homebuyers in Forsyth County, North Carolina. Forsyth County's Affordable Homeownership Opportunity Program (AHOP) provides up to $20,000 in forgivable second-lien financing for first-time, low- to moderate-income homebuyers purchasing within Forsyth County (excluding the City of Winston-Salem). HUD HOME-funded; forgiven over 10 years. Up to $20,000 0% interest deferred forgivable second-lien loan for down payment, closing costs, and gap financing. Forgiven 1/120th per month over 10 years. Funding comes from HUD HOME Investment Partnerships; Forsyth County.

Affordable Homeownership Opportunity Program (AHOP) is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, transfer, refinance with cash-out, or non-owner-occupancy within 10-year affordability period triggers repayment of unforgiven balance. The assistance is recorded in 2 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Affordable Homeownership Opportunity Program (AHOP) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: First-time homebuyer required (3-year look-back); displaced homemakers and single parents exempt. On credit, the program states: No published minimum credit score; lender underwriting requirements apply. A homebuyer education course is required, through HUD-approved counseling agency; 8-hour homebuyer education course required. Residency requirement: Property in Forsyth County, NC, excluding City of Winston-Salem corporate limits. Citizenship or immigration status: U.S. citizen or qualified alien required. Property in unincorporated Forsyth County or in participating Forsyth municipalities (excludes City of Winston-Salem which administers its own program). First-time homebuyer required (3-year look-back). Buyer must contribute $500 own funds. PITI front-end ratio 30%, back-end 43%.

Affordable Homeownership Opportunity Program (AHOP) limits household income to 80% of the area median income, which varies by county and household size. Household income must not exceed 80% HUD AMI for Winston-Salem MSA (FY2025): 1p $45,850; 2p $52,400; 3p $58,950; 4p $65,500; 5p $70,750; 6p $76,000; 7p $81,250; 8p $86,500. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Affordable Homeownership Opportunity Program (AHOP) caps the purchase price at $290,000. Eligible property types include Single-family detached, townhouse, condominium, manufactured home on permanent foundation. New construction is eligible. Manufactured homes are eligible.

Affordable Homeownership Opportunity Program (AHOP) names active-duty service members, reservists and National Guard members, surviving spouses, law enforcement officers, firefighters, healthcare workers, and homebuyers with disabilities among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Affordable Homeownership Opportunity Program (AHOP) serves homebuyers purchasing in Forsyth County, North Carolina.

Applications for Affordable Homeownership Opportunity Program (AHOP) go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Lender or buyer applies via Community Development; first-come, first-served. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.