The LACDA’s HOP80 and HOP120 Home Ownership Programs provide a second mortgage loan for first-time homebuyers.  HOP80 and HOP120 offer assistance up to $100,000, 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 Flyers:    English    Spanish    Chinese         HOP120 Flyers:    English    Spanish    Chinese

                           

- 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 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