Fulton Bank Closing Cost Assistance Program (CCAP) Secured

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

Fulton Bank Closing Cost Assistance Program (CCAP) Secured is a forgivable loan for homebuyers in New Jersey, administered by Fulton Mortgage Company (Fulton Bank, N.A.).

• Fulton Mortgage Company's CCAP Secured is a no-interest, no-monthly-payment assistance program offering up to $5,000 based on purchase property location and qualifying homebuyer income. Funds may be used for down payment and closing costs on a primary residence and only with compatible first mortgage products. CCAP Secured may be combined with other down payment and closing cost assistance programs.
• Up to $5,000 in down payment/closing cost assistance.
• No interest, no monthly payment.
• Combinable with other DPA programs.
• Funding comes from Fulton Mortgage Company.

How much assistance does it provide?

Fulton Bank Closing Cost Assistance Program (CCAP) Secured offers up to $5,000 in assistance.

• The program can be combined with Other down payment and closing cost assistance programs.
• Amounts are the program's published maximums, not an offer — Fulton Mortgage Company (Fulton Bank, N.A.) determines any individual award.

Do you have to pay it back?

Fulton Bank Closing Cost Assistance Program (CCAP) Secured is a forgivable loan, so the balance is forgiven once the program's conditions are met.

• Repayment is triggered by No interest / no monthly payment program; specific forgiveness term not published.
• The assistance is recorded in Subordinate 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) Secured is open to buyers who will live in the home as their primary residence.

What are the income limits?

Fulton Bank Closing Cost Assistance Program (CCAP) Secured sets its income limit as follows: Assistance amount (up to $5,000) is based on purchase property location and qualifying homebuyer income; specific limits not published on the program page.

• 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) Secured can be used for Primary residence.

Where does it apply?

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

How do you apply?

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

1. 1

   Contact Fulton Mortgage Company (Fulton Bank, N.A.) to reserve funds

   Funds are reserved through Apply through a Fulton Mortgage professional., and are subject to availability.

2. 2

   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.