Fulton Announces ‘Home To Grow’ Program, Offers Up To $20,000 For First Time Home Buyers

Fulton CDA logo provided by the office of Mayor Deana Michaels.

FULTON – The city of Fulton’s ‘Home to Grow’ program is a new program to help first time homebuyers secure up to $20,000 toward the purchase of their first home, as announced by Sarah Farley, executive director of the Fulton Community Development Agency (CDA).

“We’re extremely excited to announce that grant funds are available through this program to help cover down payment and closing costs for income-eligible home buyers,” Farley said. “Funding is based on each buyer’s financial need and homes to be purchased must be existing one-family homes costing less than $171,000 within the city of Fulton. New construction homes are eligible only after all construction is complete. In addition, applicants must qualify for a conventional mortgage through a participating bank, credit union of mortgage company and provide cash to contribute a minimum of one percent of the purchase price as their down payment.”

Once the CDA determines an applicant to be eligible, they will be able to enter a purchase contract for a suitable home and seek an affordable mortgage from a local or regional lender.

“It’s just one more way we are helping families get into their first home and grow our neighborhoods,” said Mayor Deana Michaels. We are always looking for programs and services that make home ownership easier and viable in our city.”

In addition, Fulton CDA housing counselors are partnering with local insurance agent Janet Lake, State Farm, to offer a free Homebuyer Financial Workshop at 7 p.m., Thursday, October 13, at 501-1/2 S. 2nd St., Fulton. Grant applicants are highly encouraged to attend to receive more details about the program.

To register, email [email protected] with name, address, and phone number stating that you are requesting to register for the Homebuyer workshop. Registration is also available by phone at 315-593-7166, opt. 3.

Print this entry

About ChirelloMarketing 974 Articles
Located in the Key Bank Building, Fulton, Chirello Advertising offers full service advertising, public relations, and marketing expertise to a variety of industrial, professional, institutional and retail clients throughout Central New York. Established in 1996, the agency specializes in public relations planning, graphic design, web design and streaming web video, video production, market research, radio, television, online, and print advertising. Steve Chirello can be contacted at (315) 592-9778, [email protected] and www.chirello.com. Profiles of the agency are also on Facebook® and LinkedIn®.