What the Hell is Going on with FHA/VA Loans in Downtown Los Angeles Lofts and Condos?

Happy Veterans Day Downtown L.A.!  #financing #lofts

Veterans Day Downtown LA Military - FHA/VA Financing

As a veteran of the United States Air Force, it’s a special day for me and for our troops who corey-chambers-air-force-1988are fighting and guarding us day and night. They all very much deserve our thanks!  VA and FHA home loans are government sponsored financing to help veterans and also non-veteran first time homebuyers to afford the American Dream of home ownership. It turns out that helpful mortgage programs like these change sometimes, and, more often, become more or less effective based on changes in the housing market.  Today unfortunately, FHA and VA are nearly 100% INEFFECTIVE in the booming Los Angeles housing market, especially for condominiums, and they have lately been totally useless for Downtown Los Angeles lofts for sale. But, there are other low-down payment alternatives.

The good news is that our heroes, both military and civilian, who thought that that they needed FHA or VA financing can find out that FreddieMac and other mortgage lender programs have plenty of low-down financing with 5%, 3% or even no down payment. The LA Loft Blog has posts with more details about the problems, delays and other issues that make VA/FHA impractical for Downtown lofts.  >> MORE

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LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
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As a reader of the L.A. Loft blog, you have priority access to privileged information about the best deal on a Downtown Loft Loan. Fill out the online form:

Copyright © 2016 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 associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 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.

Trade Your Downtown Los Angeles Loft for a Swiss Penthouse Luxury Condo in Switzerland

As exciting as Downtown Los Angeles is, some DTLA homeowners find that they need cool, crisp, clean air living among the wealthiest persons on earth, such as the Swiss. #dtla #realestate

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Here is a penthouse condominium in Switzerland for sale. The owner would like to sell it to buy a Downtown L.A. loft or to trade. If you know anyone who wants to trade an LA loft for a modern swiss penthouse valued at $789,000, then Call Corey (213) 880-9910. Here’s the Swiss property details:

Residence Belmonte – Lugano-Aldesago

For sale on the top floor is a very elegant and comfortable 3 ½ room apartment featuring a large terrace (about 13 m²) and enjoying a great view of the lake and gulf of Lugano as well as the surrounding mountains. This pleasant residence features an outdoor swimming-pool and brings plenty of sunshine. Located on the southern slope of Mount Brè in a very quiet residential area. Downtown Lugano can be reached with about 10 minutes drive. The bus stop and the station of the Mount Brè funicular railway are nearby, as well as different restaurants and the well-known Hotel Colibri. A wonderful panoramic view can be enjoyed as it embraces the lake and gulf of Lugano, Mount San Salvatore, Mount San Giorgio up to the Valais Alps with Monte Rosa. Not far from the Italian border.  >> MORE

SELLING PRICE:
CHF 780’000.- (USD $789,000)
+ off-road parking space CHF 30’000.- (USD $30,362)

For those who prefer to stick to Downtown LA, here’s the lowest price on a Mills Act loft:
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LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

To save on property taxes, find out about all of the Mills Act lofts in Los Angeles. Get free info: Fill out the online form:

switzerland-penthouse

Copyright © 2016 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 associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 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.