I get asked which buildings in Downtown LA are FHA approved all the time. That's not surprising, considering how many first-time buyers and investors there are swarming in Downtown right now, not to mention the low inventory.
Here's an option: why not step a little outside Downtown into neighboring Lincoln Heights to the ALTA lofts? They are FHA approved, and with units starting at $199K, are definitely worth checking out.
And right now, the developer's offering a special incentive -- 2 years of pre-paid HOAs!
Caroline Choi Real Estate
Caroline Sells The City LA