Question 1

What credit score do I need for an FHA loan in Hawthorne?

Accepted Answer

You need 580 for 3.5% down. Scores from 500-579 require 10% down, but finding a lender gets difficult below 580.

Question 2

Can I use FHA to buy a condo in Hawthorne?

Accepted Answer

Yes, if the complex has FHA approval. Check the condo's status before making an offer—unapproved complexes kill deals.

Question 3

How much are FHA mortgage insurance costs?

Accepted Answer

You pay 1.75% upfront and 0.55-0.85% annually. The annual premium never cancels unless you refinance to conventional.

Question 4

Does FHA require a larger down payment in Los Angeles County?

Accepted Answer

No, the 3.5% minimum applies everywhere. Higher property prices mean larger dollar amounts but the same percentage.

Question 5

Can sellers pay my closing costs with FHA?

Accepted Answer

Yes, sellers can contribute up to 6% of purchase price. This covers most closing costs and prepaid items.

Question 6

How long after bankruptcy can I get an FHA loan?

Accepted Answer

Two years after Chapter 7 discharge with clean credit since. Chapter 13 allows one year if you've made payments on time.

FHA Loans in Hawthorne: Low Down Payment Financing for LA County Homebuyers