Question 1

What credit score do I need for FHA in West Covina?

Accepted Answer

580 gets you 3.5% down with most lenders. Below 580 requires 10% down and fewer lenders accept the file.

Question 2

Can I use FHA for a West Covina condo?

Accepted Answer

Only if the complex has FHA approval. About half of West Covina condos aren't approved, so verify before writing offers.

Question 3

How much is FHA mortgage insurance in West Covina?

Accepted Answer

1.75% upfront at closing plus 0.55-0.85% annually. Monthly premiums depend on loan amount and down payment size.

Question 4

Do West Covina sellers accept FHA offers?

Accepted Answer

Yes, regularly. Competition here isn't as fierce as coastal markets, so FHA financing doesn't hurt offers significantly.

Question 5

What's the FHA loan limit in West Covina?

Accepted Answer

$1,149,825 for single-family homes in LA County. That covers nearly all West Covina inventory except luxury properties.

Question 6

Can I buy a fixer-upper with FHA in West Covina?

Accepted Answer

Not traditional FHA. The property must meet safety standards at closing. Consider FHA 203(k) renovation loans for fixers.

FHA Loans in West Covina: Low Down Payment Access to LA County Homeownership