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 April 30, 2020
  80% COUNTY MEDIAN INCOME

  *Income not to exceed maximum amount per family size.

  No. of Persons in Household		Income Limits
  1		$63,100
  2		$72,100
  3		$81,100
  4		$90,100
  5		$97,350
  6		$104,550
  7		$111,750
  8		$118,950

   

   

   

   

   

   

   

   

• 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 Claremont 10.City of Commerce 11.City of Covina 12.City of Cudahy 13.City of Culver City 14.City of Diamond Bar 15.City of Duarte 16.City of El Segundo 17.City of Hawaiian Gardens 18.City of Hermosa Beach 19.City of Irwindale 20.City of La Canada Flintridge 21.City of La Habra Heights 22.City of La Mirada 23.City of La Puente 24.City of La Verne 25.City of Lawndale		26.City of Lomita 27.City of Malibu 28.City of Manhattan Beach 29.City of Maywood 30.City of Monrovia 31.City of Rancho Palos Verdes 32.City of Rolling Hills Estates 33.City of San Dimas 34.City of San Fernando 35.City of San Gabriel 36.City of San Marino 37.City of Santa Fe Springs 38.City of Sierra Madre 39.City of Signal Hill 40.City of South El Monte 41.City of South Pasadena 42.City of Temple City 43.City of Walnut 44.City of West Hollywood 45.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.  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.  

• 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:

  Tamar Gantt, HOP Administrator
  Email: Tamar.Gantt@lacda.org

  Am Vuong, Home Ownership Programs Supervisor
  Email: Am.Vuong@lacda.org