Making the dream of homeownership a reality.
If you’re a first-time homebuyer, or have a low to moderate income, we may be able to make the dream of homeownership possible. The professionals at Fulton Mortgage Company offer a range of special mortgage programs to fit your needs. Contact a mortgage professional to discuss your options.
Fulton Bank Community Combo
This special program is a flexible, affordable option designed to meet a diverse range of financial and family needs─including home buyers who have limited funds for a down payment or face unique circumstances.
- 80% first mortgage combined with up to a 20% second mortgage. (Matching rate and terms for both mortgages.)
- Competitive rates
- No private mortgage insurance (PMI) required
- You do not need to be a first time homebuyer
- Homeownership counseling is required1
- Income restrictions may apply2
HomeReady® Mortgage Plus
The HomeReady Mortgage Plus3can help potential homebuyers who can't afford a large down payment or who face unique circumstances. It’s a flexible, affordable option designed to meet a diverse range of financial and family needs.
- Up to 97% financing available4
- Income flexibilities may help you qualify. Boarder or rental income may be included in your qualifying income amount.
- No Private Mortgage Insurance (PMI)
- You do not need to be a first-time homebuyer
- Co-borrowers on a HomeReady Mortgage Plus are not required to live in the home, so relatives or other individuals may assist you with your home purchase
- Homeownership counseling is required1
Homebuyer Advantage Plus® Mortgage
Developed for first-time homebuyers only,5 a Homebuyer Advantage Plus Mortgage starts with a low down payment and flexible credit requirements. Let us help guide you through the process.
- 97% financing4
- No Private Mortgage Insurance (PMI) is required
- Up to 6% seller assistance allowed
- Can be used in conjunction with other closing cost and down payment assistance programs
- Household income restrictions may apply
- Income limit waiver if property to be purchased is located in a Low-to-Moderate Income (LMI) area
Closing Cost Assistance Program (CCAP)
Fulton Financial Corporation, through Fulton Mortgage Company, has partnered with Operation HOPE, to establish a closing cost assistance program to make homeownership more accessible to individuals and families.
- Available to be used in conjunction with mortgages on a primary residence that have a loan-to-value ratio of 95% or higher
- Eligible borrowers can receive up to $2,500 toward their closing costs through CCAP - consult your tax advisor6
- Borrowers meeting the qualifying income limits may receive up to $1,000 to be used towards down payment and/or closing costs, depending on the loan program and income eligibility
- Borrowers meeting the qualifying income limits and who are purchasing in a low to moderate income area (as identified by the Federal Financial Institutions Examination Council (FFIEC)) may receive up to an additional $1,500 for down payment and/or closing costs, depending on the loan program
- All occupying borrowers must attend a housing counseling class1 to qualify
State Bond Programs
Many states issue bonds to support housing initiatives, offering a below-market interest rate for low to moderate income homebuyers. Contact a loan officer to learn more.
First Front Door Program
As a first-time homebuyer, you could qualify for a grant up to $5,000 to help with a down payment and closing costs. Federal Home Loan Bank of Pittsburgh will match a qualified homebuyer’s contribution 3-to-1. For every $1 you contribute, you can receive $3 in grant assistance up to $5,000. To qualify, you:
- Must not have owned a home in the past 3 years
- Need a household income at or below 80% of the area median income
- Cannot be a student working less than 30 hours a week
- Must retain the home for 5 years to avoid having to repay any portion of the grant
- Need to complete at least 4 hours of homeownership counseling prior to home purchase3
Rural Housing Service Programs
Established in 1991 by the US Department of Agriculture (USDA), rural housing service programs are designed to help medium income Americans buy a home in rural and suburban communities. 100% financing2 is available and seller may pay all settlement costs. To qualify:
- The property must be in an eligible rural area
- You must occupy the home as a primary residence
Educational Homebuying Course
Framework® is educational resource that can help you understand important steps you may need to take as you buy a new home. It's accepted by most first-time homebuyer incentives that require education.
Homebuyer Advantage Plus
View our printer-friendly product PDF to learn more about our Homebuyer Advantage Plus mortgage.
HomeReady Mortgage Plus
Download our printer-friendly PDF to learn more about our HomeReady Mortgage Plus program which offers up to 97% financing.
Contact A Mortgage Professional
Contact a mortgage professional. We're in your neighborhood!
Make the moveStart the application process
It's easy to take the first step toward your new home. Use our online application to apply today. View our homebuying document checklist before applying to make the application process easier.