Question 1

Does my interest rate stay the same?

Accepted Answer

Yes. Hoper is structured to preserve the same FHA rate you would receive on a standard FHA loan.

Question 2

Is there a second lien on my property?

Accepted Answer

No. Hoper is designed without a second lien, which keeps refinance options more open.

Question 3

Do I pay for the solar system separately?

Accepted Answer

No. The solar system is financed into the FHA loan and owned by the buyer. It is not a lease or separate payment agreement.

Question 4

How is the $13,000 calculated?

Accepted Answer

The earned amount depends on purchase price and policy structure, up to $13,000 or 3.5% of the purchase price, whichever is less.

Question 5

What can earned income be used for?

Accepted Answer

Depending on structure and eligibility, funds can support down payment, closing costs, rate buydown, and related transaction needs.

Question 6

What are the buyer requirements?

Accepted Answer

Buyers complete a pre-close course, a post-close course, biannual surveys for five years, and soft credit monitoring for research participation.

Question 7

Does soft credit monitoring affect my score?

Accepted Answer

No. Soft credit pulls do not affect your credit score.

Question 8

Who is this program for?

Accepted Answer

Hoper is designed for FHA homebuyers who want upfront support while keeping their FHA rate and avoiding second-lien complexity.

Your questions, answered.

Frequently Asked Questions