FHA Approved Lofts and Condos in Downtown LA

It can be very challenging, almost impossible, to find FHA approved properties in the Downtown Los Angeles. 

The status of FHA / VA approved buildings is a dynamic hit-or-miss situation because the Federal Housing Administration having various strict requirements for buildings.
For example, one downtown community recently lost their FHA approval because of too many rental units in their building. The Alta Lofts Building temporarily lost FHA / VA approval because the number of FHA borrowers was maxed out.
So, even today, a building may or may not be FHA approved and possibly your loan might not go through tomorrow. 

A lender can request the FHA to approve or re-approve a building, but 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:

Evo
Elleven
Luma
Market Lofts
Mura
Tokyo Villa
Alta
Gallery
More at  laloftblog.com

If you have any more questions about Downtown LA lofts and condos, request more updated FHA info.Please fill out the online form


How to Secure Super-Low Down Payment 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

Receive a free special report TODAY to learn how to obtain the best financing rates when you buy your next home.


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.