Question 1

What's the maximum FHA loan amount in La Cañada Flintridge?

Accepted Answer

$1,149,825 for single-family homes in LA County. Most properties here exceed this limit and require jumbo financing instead.

Question 2

Can I use FHA with a 580 credit score in this market?

Accepted Answer

Yes, 580 qualifies for 3.5% down. Expect higher rates than 680+ borrowers, and some sellers may prefer conventional buyers.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

Only if you put 10%+ down—then it drops after 11 years. With 3.5% down, it stays for the loan's life.

Question 4

Will sellers in La Cañada accept FHA offers?

Accepted Answer

Some will, especially on condos or properties needing minor work. Strong pre-approval and quick closing help your case.

Question 5

Can I buy a fixer-upper with FHA in La Cañada Flintridge?

Accepted Answer

Not a traditional fixer. FHA requires homes to meet safety standards at purchase. Look into FHA 203(k) renovation loans instead.

Question 6

How does FHA compare to conventional for a $900,000 home here?

Accepted Answer

FHA needs $31,500 down plus permanent MI. Conventional needs $45,000 down but MI drops at 78% LTV. Run both scenarios.

FHA Loans in La Cañada Flintridge: Low Down Payment Access to One of LA's Priciest Markets