An FHA loan is a mortgage insured by the Federal Housing Administration, providing government-backed protection for lenders. Unlike conventional loans, which are provided and insured solely by private lenders, FHA loans carry the security of federal insurance. This insurance lowers the lender’s risk, enabling them to provide more accommodating terms for borrowers who might not qualify for standard loans.
Established in 1934, the FHA loan program was designed to help first-time buyers and moderate-income families achieve homeownership. Today, it remains one of the most popular loan options in the United States.In Long Beach, CA, FHA loans allow buyers to qualify with credit scores starting at 580 with a 3.5% down payment, or even lower scores if a larger down payment is made.
A major distinction between FHA and conventional loans is the mortgage insurance. FHA borrowers are required to pay an upfront mortgage insurance premium (UFMIP) along with an annual premium, providing lenders protection against potential defaults. While this adds to the cost of the loan, the trade-off is easier qualification and lower upfront barriers to buying a home.
In a competitive housing market like Long Beach, FHA loans provide an excellent entry point for buyers who want to achieve homeownership without waiting years to save for a large down payment.
One of the biggest reasons homebuyers choose FHA Loans in Long Beach, CA is the wide range of benefits they provide. For many buyers—especially first-time homeowners—FHA loans make the dream of owning a home realistic and affordable. Here are some of the key advantages:
With these benefits, FHA loans create opportunities for families and individuals who may not otherwise qualify for homeownership in Southern California’s competitive real estate market.
Before applying for FHA Loans in Long Beach, CA, it’s important to understand the qualification requirements. The Federal Housing Administration has established guidelines that make these loans more accessible compared to conventional financing, but there are still key standards borrowers must meet:
Meeting these requirements opens the door for buyers across Long Beach to purchase homes in neighborhoods that fit their lifestyle and budget.
When considering FHA Loans in Long Beach, CA, one of the most important factors to understand is the loan limit.FHA loan limits differ by county, determined by the local median home prices. Because Long Beach is part of Los Angeles County, the loan limits here are higher than in many other parts of the country. This is designed to reflect the higher cost of housing in Southern California.
For 2025, the FHA loan limit for a single-family home in Los Angeles County is in the conforming high-cost category, meaning buyers can borrow more than in many other U.S. markets while still using FHA financing. These limits increase for multi-unit properties, such as duplexes, triplexes, and four-unit homes. This flexibility is particularly helpful for buyers who want to live in one unit while renting out others to offset mortgage costs.
Keep in mind that FHA loan limits differ from the maximum loan amount you may actually qualify for.Your actual loan approval will depend on your income, credit, and debt-to-income ratio. However, the higher limits in Long Beach make it possible for more families to access homes in desirable neighborhoods without needing a jumbo or conventional loan.
With property values continuing to rise in Long Beach, FHA loan limits provide much-needed support for first-time buyers and families seeking affordable financing options in a competitive housing market.
When it comes to securing FHA Loans in Long Beach, CA, choosing the right mortgage professional makes all the difference. At Jody Canfield, we are dedicated to guiding clients through the loan process with clarity, transparency, and personalized service. Here’s why so many Long Beach homebuyers trust us:
Streamlined Loan Process
With years of experience, we know how to simplify the FHA loan process from pre-approval to closing. Our goal is to reduce stress and provide step-by-step support so you feel confident at every stage.
With Jody Canfield, you gain more than just access to mortgage programs—you gain a dedicated partner who puts your goals first. We combine industry expertise, local market knowledge, and personalized guidance to deliver financing solutions that fit your life, not just the paperwork. From self-employed borrowers to first-time buyers and seasoned investors, our focus is on creating a seamless, transparent, and empowering lending experience.
Personalized mortgage solutions crafted to fit every borrower’s needs.
Specialized programs designed for self-employed
Transparent guidance that keeps the lending process stress-free.
Local expertise with deep knowledge of CA, OR, WA, and TX.
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, designed to help buyers with lower credit scores or smaller down payments qualify for home financing.
Homebuyers with a credit score of 580 or higher can qualify with a 3.5% down payment. Those with scores between 500–579 may still qualify with a 10% down payment.
FHA loans require as little as 3.5% down, making it easier for first-time buyers and families with modest savings to purchase a home.
As part of Los Angeles County, Long Beach has higher FHA loan limits than many areas. These limits adjust annually based on local home prices and allow borrowers to finance more expensive homes while using FHA benefits.
Yes. FHA loans can be used to purchase single-family homes, approved condos, and multi-unit properties (up to four units), as long as one unit is your primary residence.
NMLS: 279580
DRE: 01843864
Company NMLS: 1799965
Address: 3780 Kilroy Airport Way #200
Long Beach, CA 90806
NEXA MORTGAGE LLC
Corporate Address (5559 S Sossaman Rd #101 Mesa, AZ 85212)
Phone: (973) 987-2968
For informational purposes only. This is not a commitment to lend or extend credit. All loans are subject to credit approval. Nationwide Loans, Inc | 701 Palomar Airport Rd, Ste 300, Carlsbad CA 92011 |
