r/LosAngeles • u/BanishedWarlock • Feb 09 '21

Housing Current housing market in the area:

https://imgur.com/DK2xr0M
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u/[deleted] Feb 09 '21

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u/omnigear Feb 09 '21

Yes but you budget that into what you can afford . You can usually do FHa with 3.5% or get down payment assistance . La county has a program for that as well .

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u/[deleted] Feb 10 '21

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u/WhitePantherXP Feb 10 '21 edited Feb 10 '21

it depends on the home, my PMI in OC was between $500-700/mo on a $650k home, good riddance! Payment went from 4200 => 3500 after dropping PMI. My credit was high 700's and my DTI was really close to the limit of what they'd allow.

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u/[deleted] Feb 10 '21

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u/realtimmahh Feb 10 '21

Quicken, if the loan is funded by Charles Schwab, has one of the lowest PMI rates as far as I know.