The LACDA’s HOP80 and HOP120 Home Ownership Programs provide a second mortgage loan for first-time homebuyers with assistance of up to $85,000, or 20% of the purchase price, whichever is less.

The loan provides down payment and/or closing assistance and is secured with a Deed of Trust and Promissory Note.

The loans accrue 0% interest with deferred repayment and shared equity. When the home is sold, there is a transfer of title, or the home is no longer owner-occupied, the homebuyer repays the loan, plus a share of the appreciation.
To qualify, a homebuyer must be income eligible, not have owned a home in the last three years, and the home must be owner-occupied.

If you are a first-time homebuyer interested in applying for a HOP80 or HOP120 loan, 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. 


HOP80 Program Flyers:
    English    Spanish    Chinese          HOP120 Program Flyers:    English    Spanish    Chinese

- The applicants must be income eligible.

- The applicants must be first-time homebuyers: no ownership interest in real estate at any time in the past three years.

- Homebuyers must occupy the home as their principal residence.

- The loan is secured by a second Trust Deed and Promissory Note.

- Applicants must invest a minimum of 1% of the down payment, not including closing costs, of their own funds.  Applicants' total contribution into escrow, including initial deposit, gift funds, and closing funds, cannot exceed $150,000 for HOP80 and $200,000 for HOP120.

- All applicants must complete an eight-hour homebuyer education seminar from an approved U.S. Department of Housing and Urban Development (HUD) counseling agency.

- Property cannot be occupied by tenants, unless it is a Tenant-Purchaser.

 

L.A. County Area Median Income (AMI)* Guidelines – Effective June 1, 2024

80% AMI  120% AMI 
Household SizeIncome Limit Household SizeIncome Limit
  1$77,700 1$82,500
  2$88,800 2$94,300
  3$99,900 3$106,050
  4$110,950 4$117,850
  5$119,850 5$127,300
  6$128,750 6$136,700
  7$137,600 7$146,150
  8$146,500

 8$155,550

*Income not to exceed maximum amount per household size.  Income limits are updated annually.

- The maximum purchase price allowed for an existing or new home is $700,000 for HOP80 and $850,000 for HOP120 and includes Single-Family Homes, Condominiums, and Townhomes.

- All properties built before 1978 are required to have a visual Lead-Based Paint Inspection and must pass the inspection before approval.

- The property is in the unincorporated area of Los Angeles County or in one of the HOP Participating Cities.

 

Verify Property Address


Homes purchased under HOP80 or HOP120 must meet state and local codes. All health and safety issues on the home inspection report must be repaired prior to close of escrow.


Participating Cities

Agoura Hills
Arcadia
Artesia 
Avalon
Azusa
Bell (HOP80 only)
Bell Gardens
Beverly Hills
Calabasas
Claremont
Commerce
Covina
Cudahy
Culver City
Diamond Bar
Duarte
El Segundo

Hawaiian Gardens
Hermosa Beach
Hidden Hills
Irwindale
La Cañada Flintridge
La Habra Heights
La Mirada
La Puente (HOP80 only)
La Verne
Lawndale
Lomita
Malibu
Manhattan Beach
Maywood
Monrovia
Rancho Palos Verdes

Rolling Hills Estates
San Dimas
San Fernando
San Gabriel
San Marino
Santa Fe Springs
Sierra Madre
Signal Hill
South El Monte (HOP80 only)
South Pasadena
Temple City
Walnut
West Hollywood
Westlake Village


All HOP80 and HOP120 applicants must complete an eight-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. 

Participating Lender List

For more information, please e-mail HOP@lacda.org.