How To Get Started

• Step 1. Confirm Your Eligibility

  1.	The applicants must be first-time homebuyers: no ownership interest in real estate at anytime in the past three years.
  2.	Homebuyers must occupy the home as their principal residence.
  3.	The loan is secured by a second Trust Deed and Promissory Note.
  4.	Applicants must invest a minimum of 1% of the down payment, not including closing costs of their OWN funds.
  5.	All applicants must complete an 8-hour homebuyer education seminar from an approved HUD counseling agency.
  6.	Property cannot be occupied by tenants, unless it is a Tenant-Purchaser.

   

• Step 2. Verify Income Eligibility

  L.A. County Median Income Guidelines - Effective June 1, 2018
  80% COUNTY MEDIAN INCOME

  *Income not to exceed maximum amount per family size.

  No. of Persons in Household		Income Limits
  1		$54,250
  2		$62,000
  3		$69,750
  4		$77,500
  5		$83,700
  6		$89,900
  7		$96,100
  8		$102,300

   

   

   

   

   

   

   

   

• Step 3. Find a Home Within an Eligible Area

  1.	The maximum purchase price allowed for existing or new homes is $495,000 for Single-Family Homes, Condominiums and Townhomes.
  2.	All properties built before 1978 are required to have a Visual Lead-Based Paint Inspection and must pass the inspection before loan approval.
  3.	Click here to make sure the property is in the Unincorporated area of Los Angeles County or in one of the HOP Participating Cities.
  4.	Homes purchased under the HOP program must meet state and local codes. All health and safety issues on the home inspection report must be repaired prior to close of escrow.
  5.	The eligible areas are Los Angeles County unincorporated areas and participating cities listed below:

   

  Participating Cities
  1.City of Agoura Hills 2.City of Arcadia 3.City of Avalon 4.City of Azusa 5.City of Bell 6.City of Bell Gardens 7.City of Beverly Hills 8.City of Calabasas 9.City of Cerritos 10.City of Claremont 11.City of Commerce 12.City of Covina 13.City of Cudahy 14.City of Culver City 15.City of Diamond Bar 16.City of Duarte 17.City of El Segundo 18.City of Hawaiian Gardens 19.City of Hermosa Beach 20.City of Irwindale 21.City of La Canada Flintridge 22.City of La Habra Heights 23.City of La Mirada 24.City of La Puente 25.City of La Verne 26.City of Lawndale		27.City of Lomita 28.City of Malibu 29.City of Manhattan Beach 30.City of Maywood 31.City of Monrovia 32.City of Rancho Palos Verdes 33.City of Rolling Hills Estates 34.City of San Dimas 35.City of San Fernando 36.City of San Gabriel 37.City of San Marino 38.City of Santa Fe Springs 39.City of Sierra Madre 40.City of Signal Hill 41.City of South El Monte 42.City of South Pasadena 43.City of Temple City 44.City of Torrance 45.City of Walnut 46.City of West Hollywood 47.City of Westlake Village

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

• Step 4. Homebuyer Education Seminars

  All HOP applicants must complete an 8-hour first-time homebuyer education seminar and obtain a Certificate of Completion from a HUD approved facilitator.  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.  

• Step 5. Contact a Participating Lender

  Please contact one of the participating lenders to start the process of getting pre-qualified. 

  HOP Participating Lenders
   
  
  

• Need Additional Help?

  Contact the following if you have further questions:

  Am Vuong, HOP Underwriter
  Email: Am.Vuong@lacda.org

  Silvia Delgadillo, Program Supervisor
  Email: Silvia.Delgadillo@lacda.org