hey prescott.
See what you qualify for

Fulton Bank Closing Cost Assistance Program (CCAP)

Fulton Mortgage Company (Fulton Bank, N.A.) in partnership with Operation HOPE · New Jersey

Last verified
See what you qualify forOfficial program site →
Assistance

$2,500–$4,000

The maximum the program publishes — not an offer

Repayment

Grant

Not repaid

What is Fulton Bank Closing Cost Assistance Program (CCAP)?

Fulton Bank Closing Cost Assistance Program (CCAP) is a grant for homebuyers in New Jersey, administered by Fulton Mortgage Company (Fulton Bank, N.A.) in partnership with Operation HOPE.

  • Fulton Mortgage Company, in partnership with the nonprofit Operation HOPE, offers the Closing Cost Assistance Program (CCAP). Eligible borrowers can receive up to $2,500 toward closing costs when their primary-residence mortgage has a 95%+ loan-to-value ratio; income-qualified borrowers may receive up to an additional $1,000, plus up to $1,500 more for purchases in FFIEC-designated low-to-moderate income areas. All occupying borrowers must attend a housing counseling class.
  • Up to $2,500 toward closing costs.
  • Additional up to $1,000 for income-qualified borrowers.
  • Additional up to $1,500 in LMI areas.
  • May qualify as a nontaxable gift.
  • Funding comes from Operation HOPE (501(c)(3) nonprofit) in collaboration with Fulton Mortgage Company.

How much assistance does it provide?

Fulton Bank Closing Cost Assistance Program (CCAP) offers between $2,500 and $4,000 in assistance.

  • Award tiers: Base CCAP up to $2,500; additional up to $1,000 (toward down payment/closing for income-qualified borrowers); additional up to $1,500 for purchases in FFIEC low/moderate-income areas.
  • The program can be combined with Other Fulton down payment/closing-cost assistance programs (e.g., CCAP Secured); compatible first mortgages.
  • Amounts are the program's published maximums, not an offer — Fulton Mortgage Company (Fulton Bank, N.A.) in partnership with Operation HOPE determines any individual award.

Do you have to pay it back?

Fulton Bank Closing Cost Assistance Program (CCAP) is structured as a grant, so it is not repaid.

  • Repayment is triggered by Grant assistance; no repayment terms stated. Financial assistance from Operation HOPE may qualify as a nontaxable gift (consult tax advisor; see IRS Publication 525).
  • The assistance is recorded in None (grant) 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 Bank Closing Cost Assistance Program (CCAP) is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: Subject to credit approval; minimum not published for CCAP.
  • A completed homebuyer education course, through Housing counseling class required for all occupying borrowers; counseling must be provided by a HUD-approved housing counseling agency (fees paid by homeowner).
  • DRAFT (dpa-gap-finder 2026-06-15): pending review. Primary residence with LTV of 95% or higher. Housing counseling class required for all occupying borrowers. Income limits apply for the additional amounts. Available only through Fulton Mortgage. Exact income tables, credit minimum, and purchase-price caps not published on the program page.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Fulton Bank Closing Cost Assistance Program (CCAP) sets its income limit as follows: Qualifying income limits apply for the additional down payment/closing-cost amounts; base $2,500 closing-cost grant tied to LTV ratio of 95% or higher. Specific dollar limits vary by program/location.

  • 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 Bank Closing Cost Assistance Program (CCAP) can be used for Primary residence.

Where does it apply?

Fulton Bank Closing Cost Assistance Program (CCAP) serves buyers purchasing anywhere in New Jersey.

  • The program targets specific areas: Additional $1,500 for purchases in FFIEC-designated low-to-moderate income areas.

How do you apply?

Applications for Fulton Bank Closing Cost Assistance Program (CCAP) go through Fulton Mortgage Company (Fulton Bank, N.A.) in partnership with Operation HOPE, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Housing counseling class required for all occupying borrowers; counseling must be provided by a HUD-approved housing counseling agency (fees paid by homeowner)..

  2. Contact Fulton Mortgage Company (Fulton Bank, N.A.) in partnership with Operation HOPE to reserve funds

    Funds are reserved through Apply through a Fulton Mortgage professional; all occupying borrowers must attend a housing counseling class., and are subject to availability.

  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.

Other programs in New Jersey

See every program in New Jersey →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs