Greenline Home Program
What it is: A $35,000 grant for down payment or closing cost assistance.
Who can apply: First-time homebuyers living in Los Angeles County with low to
moderate income, residing in high-need areas.
Details: Requires a 3-year lien on the property, 8-hour HUD-approved first-time
homebuyer education, and 3% buyer's own funds.
HOME Investment Partnerships (HOME) Program (Administered by LACDA):
What it is: Provides secondary mortgage financing for first-time homebuyers and
supports new affordable housing developments.
Who can apply: Primarily for low and very-low income households. Funds are
often allocated through annual Notices of Funding Availability (NOFAs).
HOP80/120 Home Ownership Program
What it is: A deferred-payment loan of up to $100,000 (HOP80) or $85,000 (HOP120) to help
with down payment and/or closing costs. Shared-equity is repaid when the home is sold,
refinanced, or transferred.
Who can apply: First-time homebuyers purchasing in participating areas of Los Angeles
County. HOP80 is for households earning up to 80% of the Area Median Income (AMI); HOP120
allows up to 120% AMI.
Details: Requires 8-hour HUD-approved homebuyer education, at least 1% of buyer’s own
funds, and owner-occupancy. Max purchase price is $700,000 (HOP80) or $850,000 (HOP120).
No monthly payments; repayment due only when triggered by resale, refinance, or move-out.
Habitat LA Downpayment Assistance Program:
What it is: Up to $100,000 in down payment assistance.
Who can apply: Low-income (income not to exceed 80% of AMI) first-time
homebuyers looking to purchase in greater Los Angeles County.
Details: 0% interest loan, payable in 30 years, funded by CalHome. Minimum
650 credit score (with exceptions).
DISCLAIMER
Visit equitysmartloans.com. Rates, Fees and Programs are subject to change without notice. This is not a guarantee or a commitment to lend. Some products may not be available in all states. Not all applicants qualify for financing, subject to review of credit/collateral. Equity Smart Home Loans NMLS#: 856170 DRE#: 01906808 Headquarters: 1499 Huntington Dr Suite 500, South Pasadena, CA 91030, (323) 258-4317