Inicio Departments Economic Development Housing Housing Rehabilitation Loan Program HOUSING REHABILITATION LOAN PROGRAM The City of Lake Forest Housing Rehabilitation Program offers a zero percent deferred interest loan and a three percent amortized interest loan for homes, condominiums, and mobile homes. To qualify for either loan provided by the City, you must first meet the required income qualifications, before electing the loan for which you would like to apply for. As a part of the qualifying review, current household income and income of the past two years will be evaluated. Loan Eligibility Income Limits Household Size Annual Household Income Limit* 1 $88,400 2 $101,000 3 $113,650 4 $126,250 5 $136,350 6 $146,450 7 $156,550 *Based on “Moderate-Income” = 80%-120% of median household income in Santa Ana-Anaheim-Irvine, CA HUD Metro Fair Market Rents Area The zero percent (0%) interest deferred loan has no monthly payments. Total payment is due if you are no longer residing in the home, at the time of sale, refinance or transfer of title. The three percent (3%) interest loan requires monthly payments and is fully amortized over 15 years. Mobile home owners are eligible to receive up to $15,000 and homeowners are eligible to receive up to $30,000. There are other requirements to qualify for these loans, including but not limited to: applicants must live on the property, may not have received assistance previously, not exceed the asset limitation, and have sufficient equity in the home as well as other requirements. Most home improvement items are eligible for assistance. However, any code violations or health and safety items in the home MUST be corrected as a condition of funding. Any homes built before January 1, 1978, must meet the new federal regulations regarding lead-based paint. Eligible repairs for this Program include stucco, windows, painting, roofing, plumbing, electrical, energy and weatherization items, garage doors, fumigation, flooring, and other items necessary for the health and safety of occupants. Examples of items that are not eligible are room additions, barbecue pits, ceiling fans, swimming pools, fireplaces, and other items determined ineligible. If you have any questions regarding the loan program please call Theresa Dobbs at (949) 461-3473 or email tdobbs@lakeforestca.gov. All applications must be submitted to Lake Forest City Hall, 100 Civic Center Drive, Lake Forest, CA 92630. Loan Application Download the loan application (PDF) All applications must be submitted to: City of Lake Forest Community Development Department Housing Division 100 Civic Center Drive, Lake Forest, CA 92630 HOUSING Affordable Housing Housing Rehabilitation Loan Program Neighborhood Pride Paint Program New Neighborhoods Community Development Block Grant