Question 1

What is the 2026 conforming loan limit in Los Angeles County?

Accepted Answer

The 2026 conforming loan limit for Los Angeles County is $1,249,125 for a single-family home — the same high-cost limit as Orange County. This allows LA buyers to access Fannie Mae/Freddie Mac conventional financing up to $1.249M without a jumbo loan. Options Home Loans helps LA buyers maximize this limit.

Question 2

What is the average home price in Los Angeles in 2026?

Accepted Answer

Los Angeles home prices vary widely by neighborhood. West LA and Santa Monica average $1.5M–$3M+. Pasadena and Glendale average $900K–$1.4M. The San Fernando Valley averages $750K–$1.1M. South LA and East LA average $600K–$850K. Options Home Loans offers programs for every LA price point, from FHA (3.5% down) to jumbo ($5M+).

Question 3

Can I get a mortgage in LA with self-employment income?

Accepted Answer

Yes. Options Home Loans specializes in non-QM bank statement loans for self-employed LA borrowers. Instead of tax returns, you qualify using 12–24 months of personal or business bank statements. This is ideal for LA's large population of freelancers, business owners, entertainers, and gig economy workers.

Question 4

What down payment do I need to buy a home in Los Angeles?

Accepted Answer

Down payment requirements vary by program: FHA loans require 3.5% down (580+ credit). Conventional loans require 3%–20% down. VA loans require 0% down for eligible veterans. Jumbo loans typically require 10%–20% down. Down payment assistance programs are also available for first-time LA buyers through CalHFA.

Question 5

How do DSCR loans work for LA real estate investors?

Accepted Answer

DSCR (Debt-Service Coverage Ratio) loans qualify based on the rental income of the property, not your personal income. If the property's monthly rent covers the mortgage payment (DSCR of 1.0+), you can qualify. This is ideal for LA investors buying rental properties in high-demand neighborhoods like Echo Park, Highland Park, or Long Beach.

Question 6

Does Options Home Loans serve all cities in Los Angeles County?

Accepted Answer

Yes. We serve all LA County cities including Los Angeles, Long Beach, Glendale, Pasadena, Torrance, Burbank, Santa Monica, Inglewood, West Covina, Downey, El Monte, Pomona, Compton, South Gate, Carson, Hawthorne, Whittier, Alhambra, Lakewood, and Bellflower.

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