HOP Info

First-Time Homebuyers Assistance
Home Ownership Program (HOP)

The Home Ownership Program (HOP) loan provides a second mortgage loan for first-time homebuyers
with an assistance amount of up to $85,000, or 20% of the purchase prices, whichever is less.

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

The HOP offers 0% interest loans with a deferred payment. Repayment is required when the home is
sold, there is a transfer of title, or the home is no longer owner-occupied.

To qualify, a homebuyer must not have owned a home in the last three years and the home must be
owner-occupied.
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
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

Shalom Center for T.R.E.E. of Life – HUD Approved Counseling
Agency 2975 Wilshire Blvd. Suite 415 Los Angeles, CA 90010

Phone (213) 380-3700 Fax (213) 380-3701
www.shalomcenter.net

First-Time Homebuyers Assistance
Home Ownership Program (HOP)

L.A. County Median Income Guidelines – Effective April 1, 2021
80% COUNTY MEDIAN INCOME
*Income not to exceed maximum amount per family size

No. of Persons in Household / Income Limit
1 / $66,750 2 / $76,250 3 / $85,800 4 / $95,300 5 / $102,950 6 / $110,550 7 / $118,200 8 / $125,800

Participating Cities
Agoura Hills, Arcadia, Avalon, Azusa, Bell, 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, 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, South Pasadena, Temple City,
Walnut, West Hollywood, Westlake Village

Shalom Center for T.R.E.E. of Life – HUD Approved Counseling
Agency 2975 Wilshire Blvd. Suite 415 Los Angeles, CA 90010

Phone (213) 380-3700 Fax (213) 380-3701
www.shalomcenter.net

First-Time Homebuyers Assistance
Home Ownership Program (HOP)
Eligible Home Ownership Program area in red.

Shalom Center for T.R.E.E. of Life – HUD Approved Counseling
Agency 2975 Wilshire Blvd. Suite 415 Los Angeles, CA 90010

Phone (213) 380-3700 Fax (213) 380-3701
www.shalomcenter.net