City of Wilmington HOP 2gether Program

What is City of Wilmington HOP 2gether Program?

City of Wilmington HOP 2gether Program is a deferred second loan for homebuyers in Wilmington, North Carolina, administered by City of Wilmington Community Development & Housing Division.

• HOP 2gether is a year-long homebuyer readiness program offered by the City of Wilmington that assists first-time homebuyers at or below 60% Area Median Income (AMI) to qualify for a mortgage. Upon program completion, participants become eligible to receive up to $25,000 in additional down payment assistance. Benefits can be stacked with the HOP (Home Ownership Pool), CPLP, or other down payment assistance programs.
• Up to $25,000 in down payment assistance upon completion of the year-long HOP 2gether program. Access to free housing education resources including housing counseling, quarterly workshops, and homebuyer education. Stackable with HOP, CPLP, or other DPA programs.
• Funding comes from Local Government.

How much assistance does it provide?

City of Wilmington HOP 2gether Program offers up to $25,000 in assistance.

• The program can be combined with City of Wilmington HOP (Home Ownership Pool); CPLP (Community Partners Loan Pool via NCHFA/Kingdom CDC); other DPA programs.
• Amounts are the program's published maximums, not an offer — City of Wilmington Community Development & Housing Division determines any individual award.

Do you have to pay it back?

City of Wilmington HOP 2gether Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• 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.

Who qualifies?

City of Wilmington HOP 2gether Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of Wilmington HOP 2gether Program limits household income to 60% of the area median income, which varies by county and household size.

• Household income at or below 60% AMI for Wilmington MSA (New Hanover County HUD area). Specific income limit table by household size not published on program page; contact Housing Division for current limits.
• 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?

City of Wilmington HOP 2gether Program can be used for Single-family detached and Townhome.

• New construction is eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

City of Wilmington HOP 2gether Program names veterans, active-duty service members, and reservists and National Guard members 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.

Where does it apply?

City of Wilmington HOP 2gether Program serves buyers purchasing in Wilmington, North Carolina.

How do you apply?

Applications for City of Wilmington HOP 2gether Program go through City of Wilmington Community Development & Housing Division, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through City of Wilmington HUD-Certified Housing Counselors. Year-long program includes pre-purchase, post-purchase, financial management, and credit education counseling by appointment..

2. 2

   Contact City of Wilmington Community Development & Housing Division 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.