Mortgage Loans in Los Angeles — FHA, VA & Jumbo | Options Home Loans
Los Angeles County · California
Mortgage Loans in Los Angeles | FHA, VA & Jumbo | Options Home Loans
Quick Answer — Los Angeles Mortgage Facts (2026)
- LA County conforming limit: $1,209,750 — one of the highest in the US
- FHA minimum down payment: 3.5% with 580+ credit score
- VA loans: 0% down, no PMI for eligible veterans — no loan limit with full entitlement
- Down payment assistance: CalHFA, LACDA, and City of LA LIPA programs available
- Self-employed: Bank statement loans available — no W-2 or tax returns required
- Pre-approval speed: Same-day for most borrowers
$1.21M
LA Conforming Limit
3.5%
Min Down (FHA)
0%
VA Down Payment
Same Day
Pre-Approval
Los Angeles Mortgage Rate Snapshot — July 2026
Indicative wholesale rates for well-qualified LA County borrowers. Actual rates depend on credit score, LTV, loan amount, property type, and lock period. Rates change daily.
| Loan Program | Rate | APR |
|---|---|---|
| 30-Year Fixed (Conforming) | 6.875% | 6.94% |
| 15-Year Fixed (Conforming) | 6.125% | 6.21% |
| FHA 30-Year Fixed | 6.625% | 7.31% |
| VA 30-Year Fixed | 6.375% | 6.44% |
| Jumbo 30-Year Fixed | 7.125% | 7.19% |
| Bank Statement (Non-QM) | 7.500% | 7.62% |
Rates as of July 2026. Not a commitment to lend. All loans subject to credit approval, underwriting, and program availability. APR includes estimated fees.
Los Angeles Mortgage Market Overview
Los Angeles County is the most populous county in the United States and one of the most dynamic real estate markets in the world. With a median home price exceeding $800,000 and neighborhoods ranging from entry-level Palmdale to ultra-luxury Beverly Hills, LA buyers need a mortgage broker who understands the full spectrum of loan programs. Options Home Loans serves all of Los Angeles County — from the San Fernando Valley to the South Bay, from the Westside to the San Gabriel Valley.
LA County Loan Limits 2026 — Higher Than Most Counties
Los Angeles County has a 2026 conforming loan limit of $1,209,750 — among the highest in the nation. This is a significant advantage for LA buyers: you can finance a home up to $1.2M+ with a conventional loan at competitive rates, with as little as 5% down. This eliminates the need for a jumbo loan for most LA purchases. For homes above $1,209,750, Options Home Loans offers jumbo programs up to $3M+ with competitive rates.
Down Payment Assistance for Los Angeles Buyers
Los Angeles has more down payment assistance resources than almost any other California market. CalHFA programs provide deferred junior loans covering up to 3.5% of the purchase price. The City of LA's LIPA (Low Income Purchase Assistance) program offers up to $140,000 in deferred loans for qualifying buyers. LACDA programs serve unincorporated LA County. Various nonprofit organizations offer additional grants. Options Home Loans will identify every program you qualify for based on your income, the property location, and purchase price.
FHA Loans in Los Angeles — 3.5% Down
FHA loans are popular with Los Angeles first-time buyers due to their low down payment (3.5% with 580+ credit) and flexible qualification guidelines. The 2026 FHA loan limit for LA County is $1,209,750 — matching the conforming limit — which means FHA financing is available on most LA home purchases. FHA loans allow gift funds for the down payment and have more flexible DTI guidelines than conventional loans. Options Home Loans is an FHA-approved lender serving all of Los Angeles County.
VA Loans in Los Angeles — Zero Down for Veterans
Los Angeles has a large active duty and veteran population, and the VA loan benefit is one of the most powerful tools available to LA homebuyers. With full VA entitlement, there is no loan limit — you can purchase any price home with zero down payment and no PMI. On a $900,000 LA home, that saves $180,000 in upfront cash compared to a 20% conventional down payment. Options Home Loans specializes in VA loans throughout Los Angeles County.
Self-Employed Mortgage Loans for LA Borrowers
Los Angeles has one of the highest concentrations of self-employed workers in the country — entertainment professionals, tech entrepreneurs, real estate investors, and independent contractors. Options Home Loans offers bank statement loans that allow self-employed LA borrowers to qualify using 12–24 months of bank deposits instead of tax returns. No W-2 required. Programs available for primary residences, second homes, and investment properties throughout Los Angeles County.
Los Angeles Neighborhoods We Serve
Options Home Loans serves buyers throughout Los Angeles County: Westside (Santa Monica, Culver City, Brentwood, Pacific Palisades), Hollywood Hills and Los Feliz, Silver Lake and Echo Park, Downtown LA and Arts District, San Fernando Valley (Sherman Oaks, Studio City, Encino, Woodland Hills), South Bay (Torrance, Redondo Beach, Manhattan Beach, El Segundo), San Gabriel Valley (Pasadena, Arcadia, Monrovia, Alhambra), and Long Beach. We also serve Ventura County and the greater LA metro area.
Serving Los Angeles from Our Garden Grove Office
Options Home Loans
12900 Garden Grove Blvd, Ste 136
Garden Grove, CA 92843
NMLS #2221613 · Licensed in CA, CO, FL, WA
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Written & reviewed by Kevin P. Vu
Licensed Mortgage Broker · NMLS #2221613 · Serving Los Angeles County since 2018
Editorial standards
Rate data updated monthly. Loan limits sourced from FHFA 2026 announcements. Content reviewed for accuracy before publication.
Not a commitment to lend. All loans subject to credit approval, underwriting, property review, and program availability. Rates shown are indicative and subject to change without notice. Options Home Loans LLC · NMLS #2221613 · Equal Housing Opportunity · Licensed in CA, CO, FL, WA.