Loading
Industry sits in LA County's eastern corridor where residential properties remain scarce. Most FHA activity here involves condos near the City of Commerce border and townhomes near Hacienda Heights.
The city's industrial zoning limits housing stock, but nearby Rowland Heights and La Puente offer FHA-eligible properties within minutes. Borrowers often target these adjacent areas while maintaining Industry zip codes for work commutes.
FHA Loans in Industry
FHA requires 3.5% down with credit scores at 580 or higher. Scores between 500-579 need 10% down. Your debt-to-income ratio can reach 50% with strong compensating factors.
Recent bankruptcy requires 2 years seasoning. Foreclosure needs 3 years. FHA allows non-occupant co-borrowers, which helps first-timers in LA County's competitive market.
Banks offering FHA in LA County impose overlays that raise minimum scores to 620-640. Credit unions serving San Gabriel Valley often match true FHA guidelines at 580.
Our 200+ lender network includes FHA specialists who approve 580 credit scores without overlays. Many bank-rejected borrowers qualify through these wholesale channels.
Industry's limited housing means most FHA borrowers should expand searches to Rowland Heights, Walnut, or La Puente. Properties there appraise more reliably and offer better selection.
FHA appraisals scrutinize property condition heavily. Older properties in adjacent cities sometimes need repairs before closing. Budget for potential inspection-driven fixes when making offers.
Conventional loans need 5% down but require 620+ credit and stricter income documentation. VA loans beat FHA for eligible veterans with zero down and no mortgage insurance.
FHA wins for borrowers under 620 credit or those lacking 5% down payment funds. The upfront mortgage insurance premium adds 1.75% to your loan amount at closing.
LA County's FHA loan limits hit $1,249,125 for single-family homes in 2026. This covers most available properties near Industry but excludes higher-priced markets like Hacienda Heights hills.
Condo approval requires FHA certification of the entire complex. Many smaller developments in Commerce and Montebello lack certification, limiting inventory. Verify condo approval before making offers.
Only if the complex has FHA certification. Most small developments lack approval, so verify before writing offers.
FHA guidelines allow 580, but most banks require 620-640. Brokers access lenders approving true 580 minimums.
Residential properties are rare in Industry itself. Most borrowers target adjacent cities like Rowland Heights or La Puente.
1.75% upfront premium plus 0.55%-0.85% annual premium. Exact rate depends on loan amount and down payment size.
Yes. FHA allows non-occupant co-borrowers, which helps first-time buyers qualify with family member income.