Which Homebuyer Loan Programs are Best for Los Angeles Residents?

Here’s the thing. There is no singular “best” loan for everyone. The ideal mortgage depends on YOU: your finances, your comfort level, and your long-term plans. But here’s a quick cheat sheet many LA first-time buyers explore:

Common loan options:

• FHA Loan — low down payment (as little as 3.5%), friendly to new buyers

• Conventional Loan — as low as 3% down, great if you have solid credit

• VA Loan — 0% down for qualifying veterans & military (huge benefit!)

• CalHFA Assistance Programs — help with down payments & closing costs

The best next step? Talk to a lender who works specifically with Los Angeles first-time buyers. In the home buying process, your lender can be one of the most powerful tools in your arsenal. You want your lender to be:

1. Local. In a competitive housing market like Los Angeles, a known and trusted lender can make your offer stand out over another.

2. First time buyer friendly. Your lender can help compare options, crunch numbers, and show you what fits YOUR goals. You want a lender who is patient and willing to explore a plethora of scenarios with you, so that you can enter the buying process confident in your budget and your game plan.

If you need a great lender intro, shoot me an email or give me a call (my info is at the bottom of this page). I have incredible partners who are transparent, thoughtful, and patient.