Question 1

Can I buy a Beverly Hills home with FHA at 3.5% down?

Accepted Answer

Only if it's under $1,149,825. Most properties here exceed that limit. Condos and smaller homes near city borders are your best options.

Question 2

Why do Beverly Hills sellers reject FHA offers?

Accepted Answer

FHA appraisals flag repair issues that kill deals. Sellers prefer conventional or cash buyers who close faster with fewer contingencies.

Question 3

What credit score do I need for FHA in Beverly Hills?

Accepted Answer

FHA allows 580, but most lenders here overlay 620 minimums. We find lenders who actually approve at 580 with compensating factors.

Question 4

How much are closing costs on a Beverly Hills FHA loan?

Accepted Answer

Expect $15,000 in fees plus 1.75% upfront mortgage insurance. On $1.1M that's $34,250 total, separate from your down payment.

Question 5

Do Beverly Hills condos accept FHA financing?

Accepted Answer

Only if the HOA maintains FHA approval. Many luxury buildings skip certification. Check approval status before making an offer.

Question 6

Should I use FHA or conventional for Beverly Hills?

Accepted Answer

Conventional wins if your credit exceeds 620. FHA works when you need low credit acceptance or higher debt-to-income flexibility.

FHA Loans in Beverly Hills: How They Work When Prices Start at $2M+