Can I buy in Los Angeles for under $500K?

Name: Francisco Williams — Mortgage Broker
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (213) 880-8107
Price range: $$

Some condos and inland pockets, not most SFRs. The file still has to underwrite. I will not invent a neighborhood that does not exist.

Scenarios

Under $500K in California. The inventory is the constraint.

Many SoCal listings are not under $500K. Where they are — inland, condos, smaller cities — FHA, HomeReady, and CalHFA still do the work. I will not pretend the Westside is a $500K starter market.

Let's sort this Typical documents (213) 880-8107

Loan limits and DPA income caps are county-specific.
Condo overlays kill more sub-$500K files than the price itself.
See /down-payment-assistance and /resources/california-loan-limits-2026.

Down payment help First-time guide 2026 loan limits

Can I buy in Los Angeles for under $500K?: Some condos and inland pockets, not most SFRs. The file still has to underwrite. I will not invent a neighborhood that does not exist.

Not an approval. Not a rate. Overlay at lock. NMLS #1858674.