FHA Approved Lofts and Condos in Downtown Los Angeles

elleven-bldg-extIt can be very challenging, if not impossible, to find FHA approved properties in the downtown Los Angeles area. The status of FHA/VA approved buildings is a dynamic hit-or-miss situation because the Federal Housing Administration has various strict requirements for buildings. For example, one community in Downtown recently lost their FHA approval because too many rental units are in their building. Alta lofts building temporarily lost FHA / VA approval because the number of FHA borrowers was maxed out. So, though today, a building may or may not be FHA approved, tomorrow your loan might not go through, or a lender can request the FHA to approve or re-approve a building.

Often the best option is to buy a house or condo outside of Downtown, or to find some of the new loft developments around the area. New construction is more likely to offer FHA/VA programs for buyers.

These Downtown loft and condo buildings have currently or previously been approved for FHA financing, so they offer the greatest possibility of financing with 3.5% or 5% down:

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Elleven
Luma
Market Lofts
Mura
Tokyo Villa
Alta
Gallery
more

If you have any more questions about Downtown Los Angeles lofts and condos, request more updated FHA info. Fill out the online form:


How to Secure Super-Low Downpayment Home Loans When You Buy a Home

Los Angeles – A new report has just been released which identifies a foolproof 3-point plan which any homebuyer can use to secure the best financing rates when they buy a home.

When you’re looking to buy a home, the first thing most homebuyers do is start the process of househunting. However, experience proves that this is one of the last steps you should be taking if you want to get the most home for the least amount of money. In fact, shopping for the best financing should start long before you start shopping for a home.

The experience of thousands of area homebuyers has been summarized in a new report entitled “Best Financing: A 3-Point Plan”. This report outlines 3 critical steps you must take to obtain the absolute best financing rates when you buy a home. It tells you where you should go, what questions you should ask, and how to manage the process to your personal advantage. To order a FREE Special Report, visit www.LowDownLA.com

Get your free special report NOW to learn how to obtain the best financing rates when you buy your next home.

DOWNTOWN LOS ANGELES LOFTS – SEARCH:

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This report is courtesy of Corey Chambers, Realty Source Inc BRE#01889449. Not intended to solicit buyers or sellers currently under contract. Copyright © 2015
Copyright © 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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