FHA loans in Long Beach, California

From a first condo Downtown to a starter house in North Long Beach, an FHA loan keeps the down payment low and the credit bar reachable. Miguel A. Vazquez, NMLS #401212, compares many lenders so you get a fair rate — in English or Spanish.

FHA across Long Beach's range of homes

Long Beach spans a lot of ground — Downtown condos, Bixby Knolls bungalows, North Long Beach starters. FHA stretches across most of it because the 3.5% down payment and flexible credit meet buyers where they are. On condos, we just confirm the building is FHA-eligible before you fall in love with a unit.

3.5% down payment

Whether it's a condo or a house, the low down payment keeps your upfront cash within reach, and gift funds can count.

Condo-aware guidance

FHA has rules about condo buildings. I check eligibility up front so you don't waste an offer on a unit that can't close FHA.

Rates shopped, not sold

Several lenders' FHA pricing compared side by side — you get the best of what's available, not one bank's quote.

Common questions

Can I use an FHA loan to buy a condo in Long Beach?

Yes, as long as the building is FHA-approved or can be approved. Long Beach has a lot of condos, so I check the building's status early — before you make an offer — so an FHA-eligible unit doesn't become a dead end.

How much down do I need for an FHA loan in Long Beach?

3.5% of the price. On many Long Beach homes and condos that's a smaller number than buyers expect, and the down payment can come from savings or a family gift.

What credit score works for FHA in Long Beach?

Many buyers qualify in the mid-600s, sometimes lower. If your score isn't there yet, tell me early — small, targeted fixes over a couple of months can move your rate.

I served in the military — should I use VA or FHA?

If you or your spouse qualifies for a VA loan, it's usually the stronger choice — often $0 down and no monthly mortgage insurance. FHA is the fallback when VA isn't an option. I'll compare both for your situation:

  • VA — $0 down, no monthly mortgage insurance, for those who qualify
  • FHA — 3.5% down, open to any buyer who meets the guidelines