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Artesia sits in southeast Los Angeles County, a dense, competitive market. FHA loans give buyers with limited savings a real path to ownership here.
LA County home prices put a 20% down payment out of reach for most first-time buyers. FHA's 3.5% minimum down changes that math fast.
580 (3.5% down)
Min Credit Score
3.5%
Min Down Payment
~43%
Max DTI Ratio
Required (MIP)
Mortgage Insurance
Life of loan (most cases)
MIP Duration
FHA Loans in Artesia
You need a 580 credit score for the 3.5% down option. Drop below 580 but stay at 500+, and you're looking at 10% down instead.
Lenders want your total debt payments under 43% of gross income. FHA allows some flexibility there with compensating factors.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Artesia.
Artesia sits in southeast Los Angeles County, a dense, competitive market. FHA loans give buyers with limited savings a real path to ownership here.
LA County home prices put a 20% down payment out of reach for most first-time buyers. FHA's 3.5% minimum down changes that math fast.
You need a 580 credit score for the 3.5% down option. Drop below 580 but stay at 500+, and you're looking at 10% down instead.
Not every lender prices FHA loans the same. Mortgage insurance premiums are fixed by FHA, but interest rates vary by lender.
We shop FHA rates across 200+ wholesale lenders. That spread can mean hundreds of dollars difference per month. Rates vary by borrower profile and market conditions.
The biggest FHA mistake I see: buyers assume any lender will approve them equally. Overlays — lender-added requirements beyond FHA minimums — vary widely.
Some lenders require 620 credit even though FHA allows 580. Others cap debt ratios lower. Knowing which lender fits your profile saves the deal.
FHA beats conventional on credit flexibility. But conventional drops mortgage insurance once you hit 20% equity — FHA MIP stays for the loan's life in most cases.
VA loans beat FHA for eligible veterans — no down payment, no monthly MIP. If you qualify for VA, it's usually the stronger move.
Artesia is in LA County, where the FHA loan limit sets the ceiling on what you can borrow. Confirm current limits before you set your purchase price.
The city's dense housing stock means condos come up often. FHA condo approval is a separate process — the building must be on HUD's approved list.
LA County is a high-cost area with an elevated FHA limit. Confirm the current figure with us before targeting a purchase price.
Yes, but the condo building must be FHA-approved. Check HUD's list — many Artesia condos are not on it.
For most FHA loans with less than 10% down, MIP stays for the life of the loan. Putting 10%+ down cuts it to 11 years.
FHA allows it, but some lenders add overlays requiring 620. We match you to lenders who actually approve at 580.
FHA wins on credit flexibility and low down payment. Conventional is better long-term if you can put 20% down and skip MIP.
Yes. FHA allows 100% of the down payment to come from an eligible gift. The donor must provide a signed gift letter.