Question 1

What's the 2026 conforming loan limit in Los Angeles County?

Accepted Answer

The 2026 conforming limit is $1,249,125. Loans above this amount are jumbo loans. Jumbo loans typically require 20% down and stronger credit.

Question 2

Is West Hollywood an FHA high-cost area?

Accepted Answer

Yes. West Hollywood is designated an FHA high-cost area. This means FHA loan limits match the conforming limit of $1,249,125 for 2026.

Question 3

Can I get a VA loan with zero down in West Hollywood?

Accepted Answer

Yes. VA loans allow zero down for eligible veterans and active-duty service members. You'll need a Certificate of Eligibility and meet the lender's credit requirements.

Question 4

What down payment do most West Hollywood buyers put down?

Accepted Answer

Conventional buyers typically put 5% to 20% down. FHA allows 3.5% down with a 580+ FICO score. Down payment depends on your credit and savings.

Question 5

How much do I need to earn to qualify for a mortgage in West Hollywood?

Accepted Answer

Los Angeles County's median household income is $87,760. Lenders typically want your housing payment under 28% of gross income. Your actual requirement depends on the loan amount and program.

Question 6

Do I need 20% down to avoid PMI on a conventional loan?

Accepted Answer

Yes. With 20% down (80% LTV), you skip PMI entirely. Below 20% down, PMI applies until you reach 78% LTV or request cancellation at 80% LTV.

Question 7

What's the difference between FHA and conventional loans in West Hollywood?

Accepted Answer

FHA requires 3.5% down minimum and allows lower credit scores. Conventional typically needs 5% down and 620+ FICO. FHA carries mortgage insurance for the loan's life if down payment is under 10%.

Question 8

How does LAUSD's budget situation affect West Hollywood home values?

Accepted Answer

LAUSD faces fiscal oversight and potential spending cuts. School quality impacts buyer demand and property values. Families with children may factor this into their purchase decision.

Question 9

What's the VA funding fee and can it be waived?

Accepted Answer

The VA funding fee is 2.15% at zero down for first-time use. It rolls into the loan amount. A 10% or higher VA disability rating qualifies for a full exemption.

Question 10

Can I get an FHA loan with less than 3.5% down?

Accepted Answer

Yes. FHA's minimum down payment is 3.5% with a 580+ FICO score. You'll also pay 1.75% upfront mortgage insurance plus annual MIP.

Question 11

How long does it take to close a mortgage in West Hollywood?

Accepted Answer

Most conventional loans close in 30 to 45 days. FHA and VA loans may take 45 to 60 days due to additional appraisal and underwriting steps.

Question 12

Do I need to sell my current home before buying in West Hollywood?

Accepted Answer

Not necessarily. If you have sufficient income and reserves, lenders allow you to carry both mortgages. Debt-to-income ratio and liquid assets matter most.

Question 13

What credit score do I need for a conventional loan?

Accepted Answer

Conventional loans typically require 620+ FICO. Stronger scores (740+) qualify for better rates. FHA allows 580+ FICO but carries higher mortgage insurance costs.

Question 14

Are jumbo loans available above $1,249,125 in West Hollywood?

Accepted Answer

Yes. Jumbo loans are available for purchases above the $1,249,125 conforming limit. Jumbo rates usually run 0.125% to 0.5% higher than conforming rates.

West Hollywood mortgage questions answered