Question 1

Can I buy a condo in Industry with FHA?

Accepted Answer

Only if the complex has FHA certification. Most small developments lack approval, so verify before writing offers.

Question 2

What credit score do I actually need for FHA in LA County?

Accepted Answer

FHA guidelines allow 580, but most banks require 620-640. Brokers access lenders approving true 580 minimums.

Question 3

Does FHA work for Industry's limited housing stock?

Accepted Answer

Residential properties are rare in Industry itself. Most borrowers target adjacent cities like Rowland Heights or La Puente.

Question 4

How much is FHA mortgage insurance in California?

Accepted Answer

1.75% upfront premium plus 0.55%-0.85% annual premium. Exact rate depends on loan amount and down payment size.

Question 5

Can I use FHA with a co-borrower who won't live in the property?

Accepted Answer

Yes. FHA allows non-occupant co-borrowers, which helps first-time buyers qualify with family member income.

FHA Loans in Industry, CA — Low Down Payment Access to LA County's Industrial Hub