Homeownership Opportunity Program (HOP)

The Homeownership Opportunity Program (HOP) - Provides short-term, temporary financing for the acquisition and rehabilitation of vacant properties in, or in imminent danger of foreclosure, and for properties in a foreclosure impacted area. These loans are taken out by standard first mortgage products when the rehabilitation is completed.

Borrower Eligibility
An owner occupant with a total income less than $93,100 and pre-approved for a first mortgage sufficient to take out the HOP loan.

Property Eligibility
Not in mortgageable condition and a single family detached, zero lot line town home, owner occupied duplex, manufactured home on a permanent foundation, AND be vacant as the result of foreclosure of be in imminent danger of foreclosure with a negotiated short sale or be in a foreclosure impacted area.

Homeownership Opportunity Program (HOP) Lenders

Lending Partner	Contact Name	Telephone Number	Area
Dayton's Bluff Neighborhood Housing Services	Zong Vang	651-774-9064	11-County Metro

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Homeownership Opportunity Program (HOP)

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