Financial Assistance

PNHS provides down payment and mortgage assistance to low and moderate income families in Los Angeles County. These low interest loans and grants are made possible through our partnerships with city, county, and state government agencies, such as the Los Angeles County Community Development Commission (LACDC); and the CalHFA Homeownership in Revitalization Areas Program (HIRAP). In addition, PNHS has recently partnered with the United Way's IDA program, offering a three-to-one matching savings fund to first time homebuyers.

Click on the links below to read more about these programs.

Pasadena Homeownership Opportunities Program (HOP)

This program provides down payment and closing cost assistance in the form of a second trust deed loan with a 45-year term.

  • For moderate income buyers, the loan limit is up to $95,000 with a simple interest rate of 6%.
  • For low income buyers, the loan limit is up to $95,000 with a simple interest rate of 4%.

A minimum 3% down payment is required; 1% must come from the borrowers’ own funds and 2% can be gifted. Monthly loan payments are amortized over the 45-year term. Payments are deferred for the first five years of the loan. Upon resale of the home or refinancing, the borrower is required to repay the outstanding amount owned on the HOP loan plus a share of the property's appreciation in value. Other criteria and restrictions apply.

City of Pasadena CalHome Loan Assistance

The Cal Home Loan assistance is for low income families. The borrower must complete the Homebuyer Education and Counseling program offered by Pasadena Neighborhood Housing Services. Property must be located in the city of Pasadena.

The loan is secured by a third trust deed, has a term of 30 years, bears an interest rate of 3% (simple interest) and is silent - monthly payments are not required. Borrower is required to repay loan (principal plus accrued interests) upon resale of the home, refinancing, or loan maturity. Other criteria and restrictions may apply.

How to Apply / More Information

Contact Lynette Martin at lmartin@pasadenanhs.org or call (626) 794-7191 ext. 102.