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FHA Loans in Bradbury
Bradbury sits among the most exclusive enclaves in Los Angeles County, with estates that typically far exceed FHA loan limits. Most properties here push seven figures, putting them outside FHA territory.
FHA works for condos or smaller properties if you find them. The 2024 Los Angeles County FHA limit is $1,149,825 for single-family homes. Anything above that requires jumbo financing.
You need 3.5% down with a 580 credit score, or 10% down if your score sits between 500-579. FHA accepts higher debt ratios than conventional loans—up to 56.9% in some cases.
Income matters less than your payment-to-income ratio. We see self-employed borrowers use FHA when their tax returns look thin but their bank accounts tell a different story.
Not every lender handles high-balance FHA loans well. We work with about 15 wholesalers who consistently close FHA deals near the county limit without adding junk fees.
Rates vary by borrower profile and market conditions. Your credit score matters more on FHA than people think—a 640 versus 740 can cost you half a point in rate.
Bradbury buyers usually start looking at FHA, then realize they need jumbo. If you're set on FHA here, focus on condos or the rare smaller home under $1.15M.
FHA appraisals are stricter than conventional. Properties need functional systems and no peeling paint. Older Bradbury estates sometimes fail FHA inspection, killing deals at the last minute.
Conventional loans require 5% down minimum but drop mortgage insurance at 20% equity. FHA charges upfront MI plus annual premiums for the loan's life unless you put 10% down.
For Bradbury's price point, jumbo loans often beat FHA. You'll pay more down, but monthly costs drop without mortgage insurance. We run both scenarios before you commit.
Bradbury is a gated city with large lots and limited inventory. Most listings are exclusive estates marketed off-MLS, making comps harder to establish for appraisals.
HOA structures vary wildly here. Some properties have minimal fees, others carry association dues that push your debt ratio over FHA limits. We check this before you write an offer.
No. FHA caps at $1,149,825 in Los Angeles County. Estates above that require jumbo financing with higher down payments and credit standards.
FHA appraisals require properties meet strict condition standards. Sellers worry repairs will kill the deal or prefer conventional buyers with faster closes.
Minimum is 580 for 3.5% down. Most lenders want 620+ for high-balance FHA, and you'll get better rates at 680 or above.
Yes, if the complex is FHA-approved. Many luxury condo projects aren't on the approved list, which blocks FHA financing entirely.
You pay 1.75% upfront plus 0.55%-0.85% annually, depending on loan amount and down payment. On a $1M loan, expect $900+ monthly just for MI.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.