Long Beach is one of the largest and most diverse cities in California — a coastal city with a strong economy, established neighborhoods, and housing options for first-time buyers and move-up buyers alike. Whether you are purchasing your first home or your next one, I am here to help you navigate the process with clarity and confidence.
Long Beach is a large and diverse city where home prices vary significantly by neighborhood. Entry-level homes in North and Central Long Beach typically run $600,000 to $750,000 — accessible for first-time buyers using FHA or Conventional financing. Neighborhoods closer to the water and downtown run higher.
The housing stock is varied — single-family homes, condos, townhomes, and multi-unit properties are all available. Long Beach has excellent Metro A Line access connecting to Downtown Los Angeles, making it practical for commuters throughout the basin.
Long Beach attracts both first-time buyers and move-up buyers. The city has a large and stable rental market, which means buyers who transition from renting to owning here are building equity in a consistently in-demand area.
The LA County FHA loan limit is $1,209,750 — covering virtually every purchase in Long Beach. Conventional financing is also a strong option for buyers with 5% or more to put down and solid credit profiles.
Long Beach buyers have access to a full range of loan options depending on their down payment, credit profile, and financial goals. Here is what I work with most in this market.
Ideal for first-time buyers in Long Beach. Low down payment, flexible credit requirements, and LA County loan limits up to $1,209,750. Works on 1-to-4 unit properties — great for buyers looking at duplexes and small multi-units.
A strong option for buyers with solid credit and more savings. Put 5% down and pay PMI, or put 20% down and eliminate monthly mortgage insurance entirely. No upfront funding fee like FHA.
The CalHFA MyHome program provides a state-backed deferred-payment second loan covering your down payment or closing costs. No monthly payment on the assistance — repaid when you sell, refinance, or pay off the home.
Both FHA and Conventional loans allow gift funds toward the down payment. A gift from a parent, sibling, or grandparent can cover all or part of what you need to close. I handle all the documentation.
Here is a real payment estimate based on a $700,000 purchase using FHA financing. Prices in Long Beach vary by neighborhood — this is a starting point to help you understand what ownership actually costs.
This is an estimate for illustration purposes only. The 6.25 percent rate shown is an example and is NOT a guaranteed rate. Actual rates change daily and vary based on your credit score, loan amount, and market conditions. Your actual payment will vary based on exact tax and insurance amounts and final loan terms. This is not a commitment to lend. Call 323-947-4134 for current rates.
First-time buyers in Long Beach may qualify for down payment assistance through CalHFA — the California Housing Finance Agency. This is a statewide program, not specific to Long Beach, and it is available to eligible buyers anywhere in California.
The MyHome Assistance program provides a deferred-payment second loan that covers your down payment or closing costs. There is no monthly payment on the assistance — it is simply repaid when you sell, refinance, or pay off the home.
To qualify you need to be a first-time buyer (no ownership in the last 3 years), have a household income within the LA County CalHFA limit, and complete an 8-hour homebuyer education course. If you meet those requirements — let's talk.
Entiendo que comprar una casa es una de las decisiones más importantes de su vida. Por eso estoy aquí — para explicarle cada paso con claridad, en español, sin prisa y sin presión. Llámeme cuando esté listo.
“Gabriel Mendoza went above and beyond assisting us with refinancing our home. He was knowledgeable and able to get the job done in a timely manner. He was available to answer all our questions throughout the entire process.”— Kim · Verified Google Review · 5 Stars
FHA loans in Long Beach require a minimum down payment of 3.5% of the purchase price for borrowers with a credit score of 580 or higher. For a typical Long Beach home around $825,000, that is approximately $28,875 down, plus closing costs. Gift funds from a family member are allowed for the full down payment.
The 2026 FHA loan limit for a single-family home in Los Angeles County, which includes Long Beach (ZIPs 90802–90815), is $1,209,750. Buyers can finance up to that amount with just 3.5% down using FHA financing.
Yes. Through CalHFA Dream For All shared appreciation loans, MyHome Assistance, and gift fund financing, many Long Beach buyers close with little to no money out of pocket. The exact structure depends on credit, income, and the property. I offer pre-approval consultations in English and Spanish.
For FHA loans, the minimum is 580 for 3.5% down, or 500-579 with 10% down. Conventional loans typically require 620 or higher. If your score needs work, I offer a credit review and a custom plan to get you mortgage-ready, often in 60-90 days.
Sí. Soy completamente bilingüe y atiendo a la comunidad de Long Beach en inglés y español. Todas las divulgaciones, solicitudes y consultas están disponibles en español. Estoy aquí para servirle, desde la pre-aprobación hasta el cierre.
A typical purchase loan in Long Beach closes in 21 to 30 days from contract acceptance. I have closed loans in as few as 14 days for clients with complete documentation. Refinances generally close in 30 to 45 days.
FHA loans require the condo project to be FHA-approved. Many Long Beach condos are approved; I check the HUD list before we write an offer. We can also use Conventional financing where FHA is not approved. Long Beach covers many ZIPs from 90802 (downtown) to 90815 (east) — I serve all of them, from Belmont Shore condos to Bixby Knolls single-family homes.
Have a different question? Message me on WhatsApp or call 323-947-4134.
Looking at homes in a neighboring city? I serve the entire SE Los Angeles corridor and surrounding areas.
I am available 7 days a week — in English and Spanish. No pressure, no obligation. Just honest guidance from start to finish.
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