Own your dream—in LA’s market, the road to homeownership is clearer than you think!
- Jun 30
- 2 min read
Updated: Aug 5
Southern California’s housing market is cooling slightly, tipping the scales in favor of buyers. In Los Angeles County, the median home price hovers around $1.055 million, a modest 0.5% annual increase, with homes now taking about 45 days to sell rather than 39 last year. Region-wide, the average home price across six counties is approximately $876,000—dip of 0.07% from April Inventory is rising, giving buyers more negotiating power—now’s the moment to act!
Unlocking Homeownership Power: Five Smart Paths to Real Estate Success in Southern California
For Sale by Owner
For Sale by Owner (FSBO)
Buying directly from a homeowner can eliminate realtor fees and spark more flexible negotiations. Attend local FSBO open houses—network directly with sellers and agents, and often find hidden gems below market price.
FHA Loans
Ideal for buyers with limited down payments or credit history, FHA loans allow as little as 3.5% down, though they include mortgage insurance premiums. In partnership with CalHFA, you can access 30-year fixed-rate FHA mortgages tailored for California buyers
2. Conventional Home Loans
For buyers with stronger credit and a minimum 3–5% down, conventional loans offer the benefit of cancelable mortgage insurance after reaching 20% equity. With CalHFA’s Conventional and CalPLUS Conventional options, you also qualify for assistance with closing costs
3. CalHFA
The California Housing Finance Agency empowers low- and moderate-income buyers with tools like down‑payment assistance and zero‑interest second loans (ZIP). For instance, the My Home Program offers up to 3.5% deferred aid for FHA loans, or 3% for conventional deals. They also offer forgivable equity-builder loans and the Dream For All Shared Appreciation Loan for first-gen homebuyers
4. First Time Buyer vs First Generation Homeowner
CalHFA defines a first-time buyer as someone who hasn’t owned a home in the past 3 years, while first-generation buyers (e.g. immigrants, children of renters) may qualify for expanded programs like Shared Appreciation Loans Understand your status and unlock unique grants!
📞 Ready to Take the Next Step?
Southern California has an extensive list of qualified Real Estate agencies, mortgage brokers, Escrow Companies and all other agencies needed for the purchasing sell. Do your research and contact an agent Today they're standing by to craft an investment-ready plan tailored to your situation—whether you're aiming for a starter home or building equity. Reach out today to get your personalized loan roadmap, book an open house, or connect with selling agents who can guide you firsthand.
Get started now—and own your piece of LA!
Home ownership has opportunities for wealth and family security!