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.

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.

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.

City of Wilmington HOP 2gether Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through City of Wilmington HUD-Certified Housing Counselors. Year-long program includes pre-purchase, post-purchase, financial management, and credit education counseling by appointment. Residency requirement: Property must be within City of Wilmington city limits. First-time homebuyer. Household income at or below 60% AMI. Applicants must complete the year-long HOP 2gether program (free one-on-one housing counseling, quarterly workshops, and homebuyer education) before becoming eligible for the $25,000 DPA. Property must be within City of Wilmington city limits. Stacks with HOP (up to $25,000 additional from partner banks) and CPLP. Income limit dollar amounts not publicly posted; contact Housing Division at 910-341-7836. Pre-qualification does not require appointment; all documentation submitted by mail or drop-off.

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.

City of Wilmington HOP 2gether Program can be used for Single-family detached and Townhome. New construction is eligible. Manufactured homes are not eligible.

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.

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

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. 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.