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Los Angeles County HERO Program

***All Funds have been committed for HERO and HERO State (NSP2 Money).  

The County of Los Angeles will sponsor a Neighborhood Stabilization Program called the "HERO" Program began March 17, 2009.  This program provides up to $85,000 in down payment and closing cost assistance.  The HERO Program assistance is a deferred repayment ("silent") junior (second position) loan that requires no monthly payments for 30 years.  You pay off the loan with 0% interest charges when you sell the home in the future. 

Here are the basic requirements of the HERO Program:

  1. The home must have been most recently acquired through a foreclosure action by the seller.  In other words, it must be an REO, "bank-owned" or foreclosure property.  Pre-foreclosure, short sales and privately-owned homes are not eligible.
  2. The home must be located in one of the target areas.  You can download a list of the target areas at the link provided at the bottom of this page. Please note that the list of eligible areas now includes fifteen new cities - please see the list below.
  3. The final sales price must be one percent (1%) less than the appraised value of the home.  Additionally, all lender-required repairs must be completed before the close of escrow.  We recommend that these requirements be included as contingencies in your purchase agreement. 
  4. Your household income must be within the limits shown below.
  5. You must contribute at least one percent of the home purchase price from your own funds.
  6. You must be able to qualify for a first mortgage.  Generally this means that you are able to verify your income with pay stubs, W2s, bank statements and tax returns and that you have a middle FICO credit score of 620 or better.  Call (562) 696-3200 to schedule your loan pre-approval appointment.
  7. You must agree to occupy the home as your principal residence and at the time of purchase you can not own other residential real estate.

Click on the link below for a list of the eligible HERO Program Areas, it listed the eligible areas by city name and then by census tract.  The property you select MUST be in one of the listed census tracts:


The following additional cities are now part of the LA County HERO Program:

Alhambra, Monterey Park, Artesia, Pasadena, Burbank, Pico Rivera, Cerritos, Rosemead, Gardena, Torrance
Glendale, West Covina, Glendora, Whittier, Montebello

If you want to confirm if a property you selected is in an eligible census tract, you can use this website 

Address-Census Tract Finder

HERO Program Income Limits By Household Size
















Matthew Callahan
Ph: (562) 391-6453  -  Fax: (562) 724-6080
7007 Washington Ave., Suite 311
Whittier, CA 90602
CA DRE License # 01520035

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