Home Ownership Program

Home Ownership Program (HOP)

HOP is financed with HOME funds provided through the U.S. Department of Housing and Urban Development (HUD) and is subject to the applicable federal regulations.  HOP is designed to meet the needs of low-income families.  This program will provide a 2nd Trust Deed loan at 0% interest with all payments deferred until sale, transfer, refinancing, no longer owner-occupied, or full repayment of the first mortgage.

HOP loans are available in the unincorporated areas of Los Angeles County and cities participating in the Community Development Block Grant (CDBG) Urban County Program. HOP Second Trust Deed Maximum Loan Amount is $60,000, or 20% of the purchase price, whichever is the lesser.

HOP Application Reservations will be accepted from HOP Approved Loan Officers on the following dates:

July 25, 2017 Ten (10)
September 21, 2017 Nine (9)
November 28, 2017 Nine (9)
January 25, 2018 Nine (9)
February 22, 2018 Nine (9)

Maximum Purchase Price is $405,000 for Single Family Homes and Condominiums

Contact a HOP Participating Lender to get started with pre-qualifying for the Program.

Funds for all Programs are available on a first-come, first-served basis.

The HOP is available for existing, new construction, approved short sales, and real estate owned properties.

HOP Program Details

  • Eligibility Requirements

  • Subordination Requirements

  • Participating Lenders

  • Income Limits

  • Payoff Requirements

  • Homebuyer Education Seminars

  • Participating Cities


Mortgage Credit Certificate (MCC)
Tax credits “Available”

First Home Mortgage Program (SCHFA)
Funds are “Available”

Contact Information

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

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