Your Dream Home Starts
With Jin Kim Southern California's Trusted Mortgage Professional · NMLS #1797070

• First-Time Homebuyer — No home ownership in the past 3 years
• First-Generation Buyer — No ownership in past 7 years and parents never owned a home in the US
• California Resident — At least one borrower must be a current CA resident
• Income Limit — ~$168,000 or below for LA County (varies by county)
• Homebuyer Education — Required before applying (see below)
• CalHFA-Approved Loan Officer Pre-Approval — Jin Kim can help you with this!

• First-Time Buyer — No home ownership in the past 3 years
• Credit Score — Minimum 660-680+ (varies by loan type)
• Income Limit — Must be within CalHFA income limits. ~$168,000 for a 4-person household in LA County
• Owner-Occupied — Must be primary residence (no investment properties)
• Property Type — Single family, approved condos/townhomes. No multi-unit
• Education Required — eHome 8-hour online course ($100) or HUD-approved in-person training
• CalHFA-Approved Loan Officer — Must apply through a CalHFA-approved LO (Jin Kim qualifies)
• Assistance Amount — Up to 3.5% for FHA, up to 3% for Conventional (based on lower of purchase price or appraised value)
• Repayment Terms — Repaid when you sell, refinance, or pay off the loan. No monthly payments until then (Silent Second)

💡 Unlike Dream For All, no lottery and no shared appreciation. If you qualify, you can apply right away!

• Area Restriction — Must purchase in LA County unincorporated areas or participating cities. Fullerton, Buena Park, etc. require separate verification
• First-Time Buyer — No home ownership in the past 3 years
• Income Limit (HOP80) — 80% of LA County AMI. ~$85,280 for a household of 4
• Income Limit (HOP120) — 120% of AMI. ~$127,920 for a household of 4. Assistance up to $85,000
• Minimum 1% Own Funds — At least 1% of the down payment must come from your own funds
• Owner-Occupied — Must be primary residence
• Education Required — 8-hour course from HUD-approved agency; submit certificate
• Assistance Amount — HOP80: up to $100,000 or 20% of purchase price (whichever is lower). HOP120: up to $85,000
• Repayment Terms — 0% interest. Repaid upon sale or transfer, plus a share of equity (Shared Equity)

⚠️ The income limit is quite low — many middle-income families may not qualify. Check with us to confirm!

• Credit Score 580+ — Qualify for 3.5% down. 500-579 requires 10% down
• No Income Limit — FHA itself has no income restrictions!
• DTI (Debt-to-Income) — Generally 43-57% or below
• Owner-Occupied — Must be primary residence (no investment properties)
• 2-Year Employment/Business History — Stable income documentation required
• Loan Limit (2025) — Single family in LA County: $1,209,750
• MIP (Mortgage Insurance) — Required for the life of the loan if down <10%. Cancels after 11 years if down >10%
• Property Condition — Must meet FHA appraisal standards (fixer-uppers may get conditional approval)

💡 No income limit makes this the most practical option for many buyers. Can be combined with CalHFA MyHome!