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..
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..
- 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 April 1, 2025
| 80% AMI | 120% AMI | |||
| Household Size | Income Limit | Household Size | Income Limit | |
| 1 | $84,850 | 1 | $82,500 | |
| 2 | $96,950 | 2 | $94,300 | |
| 3 | $109,050 | 3 | $106,050 | |
| 4 | $121,150 | 4 | $117,850 | |
| 5 | $130,850 | 5 | $127,300 | |
| 6 | $140,550 | 6 | $136,700 | |
| 7 | $150,250 | 7 | $146,150 | |
| 8 | $159,950 | 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.
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 | 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.
For more information, please e-mail HOP@lacda.org.
You may also call (626) 586-1853 for assistance.