Category: FHA/VA

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With FHA and VA Financing A New Downtown Los Angeles Loft is as Easy as 1234 Wilshire Boulevard

1234 Wilshire Boulevard 618
1234 Wilshire Boulevard LIving Room

1234 Wilshire Boulevard Penthouse
Welcome to this gorgeous, upgraded penthouse in downtown L.A. Very open floor plan with a lot of natural lighting and a beautiful view of the city. Upon entering is the kitchen, dining area, and living room area, with access to a balcony. To the right of the property is the master bedroom and master bathroom, with dual sinks. To the left of the property is the second bedroom and bathroom. There is plenty of closet and cabinet space throughout. Wood flooring throughout. The kitchen has stainless steel appliances, which include a refrigerator, dishwasher, gas stove and oven, and a built-in microwave. The amenities include a gym, a heated pool and spa area, dry sauna, a yoga studio, and 24 hour security guard in the lobby. There are 2 gated parking spaces, side by side, for this unit. The property is located close to businesses, transportation, shopping areas, and entertaining areas as well. Good Samaritan Hospital is Across Wilshire Blvd.
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1234 Wilshire Boulevard 618 kitchen
1234 Wilshire Boulevard kitchen

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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What the Hell is Going on with FHA/VA Loans in Downtown Los Angeles Lofts and Condos?

Happy Veterans Day Downtown L.A.!  #financing #lofts

Veterans Day Downtown LA Military - FHA/VA Financing

As a veteran of the United States Air Force, it’s a special day for me and for our troops who corey-chambers-air-force-1988are fighting and guarding us day and night. They all very much deserve our thanks!  VA and FHA home loans are government sponsored financing to help veterans and also non-veteran first time homebuyers to afford the American Dream of home ownership. It turns out that helpful mortgage programs like these change sometimes, and, more often, become more or less effective based on changes in the housing market.  Today unfortunately, FHA and VA are nearly 100% INEFFECTIVE in the booming Los Angeles housing market, especially for condominiums, and they have lately been totally useless for Downtown Los Angeles lofts for sale. But, there are other low-down payment alternatives.

The good news is that our heroes, both military and civilian, who thought that that they needed FHA or VA financing can find out that FreddieMac and other mortgage lender programs have plenty of low-down financing with 5%, 3% or even no down payment. The LA Loft Blog has posts with more details about the problems, delays and other issues that make VA/FHA impractical for Downtown lofts.  >> MORE

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.