Question 1

What's the maximum FHA loan amount in Rancho Palos Verdes?

Accepted Answer

$1,149,825 for Los Angeles County in 2024. Properties above this price require jumbo financing with larger down payments.

Question 2

Can I use FHA for a condo in Rancho Palos Verdes?

Accepted Answer

Only if the complex appears on FHA's approved condo list. Many RPV communities never completed certification because conventional buyers dominate the market.

Question 3

Will sellers accept FHA offers in this competitive market?

Accepted Answer

Depends on inventory levels and your offer strength. FHA adds inspection requirements that sellers sometimes resist unless your price compensates.

Question 4

How much is FHA mortgage insurance on a $900,000 loan?

Accepted Answer

$15,750 upfront (1.75%) plus roughly $675 monthly. This monthly cost never drops off without refinancing to conventional or another loan type.

Question 5

What credit score do I need for FHA in Rancho Palos Verdes?

Accepted Answer

580 minimum for 3.5% down, but some lenders overlay 620 requirements for high-cost counties. We shop lenders to find those accepting standard FHA minimums.

FHA Loans in Rancho Palos Verdes: Breaking Into Coastal LA Without the Full Down Payment