HOP is financed with HOME funds provided through the U.S. Department of Housing and Urban Development (HUD) and is subject to the applicable federal regulations. Designed to meet the needs of low-income families, HOP provides loans of up to 20% of the purchase price for down payment and closing costs assistance not to exceed $75,000. Each loan is a second Trust Deed loan provided at 0% interest with all payments deferred until sale, transfer, refinancing, no longer owner-occupied, or full repayment of the first mortgage. HOP loans are available to first-time homebuyers in the unincorporated areas of Los Angeles County and cities participating in the Community Development Block Grant (CDBG) Urban County Program.
Home Ownership Program (HOP) applications will be accepted from HOP approved participating lenders until April 15, 2021. If you are first-time homebuyer and are interested in applying for the program, contact a HOP participating lender to get pre-qualified. Only a HOP participating lender can submit a HOP application on your behalf. HOP applications will be accepted on a first-come, first-served basis.
To become a participating lender, you must receive HOP training from the LACDA. Please click here to register for the next training.
All applicants must complete an 8-hour homebuyer education seminar from an approved HUD counseling agency.
L.A. County Median Income Guidelines - Effective April 30, 2020 80% COUNTY MEDIAN INCOME
*Income not to exceed maximum amount per family size.
City of Agoura Hills City of Arcadia City of Avalon City of Azusa City of Bell City of Bell Gardens City of Beverly Hills City of Calabasas City of Claremont City of Commerce City of Covina City of Cudahy City of Culver City City of Diamond Bar City of Duarte City of El Segundo City of Hawaiian Gardens City of Hermosa Beach City of Hidden Hills City of Irwindale City of La Canada Flintridge City of La Habra Heights City of La Mirada City of La Puente City of La Verne City of Lawndale
All HOP applicants must complete an 8-hour first-time homebuyer education seminar and obtain a Certificate of Completion from a HUD approved facilitator. The LACDA must receive a copy of the certificate before the close of escrow. - For a list of HUD-approved facilitators, please click here.
- You may also visit HUD's web site at www.hud.gov.
Please contact one of the participating lenders to start the process of getting pre-qualified.
HOP Participating Lenders
Contact the following if you have further questions:
Tamar Gantt, HOP Administrator Email: Tamar.Gantt@lacda.org
Am Vuong, Home Ownership Programs Supervisor Email: Am.Vuong@lacda.org