FHA Financing
FHA Loans in Pico Rivera
Pico Rivera's housing stock is largely mid-century single-family homes, and many buyers here are purchasing with limited cash reserves. FHA financing was designed for exactly that situation, and the Star Financial Pico Lending Team works with FHA files every week from pre-approval through funding.
Serving Pico Rivera and Southeast Los Angeles County
How FHA financing works
FHA loans are insured by the Federal Housing Administration and originated by approved lenders such as Star Financial. Qualified borrowers may purchase with a down payment as low as 3.5% of the purchase price, and gift funds from an eligible source may be permitted. Because the loan is government-insured, credit and reserve requirements are generally more flexible than conventional financing, though every file is still subject to full underwriting.
Mortgage insurance and payment structure
FHA loans include an upfront mortgage insurance premium that is typically financed into the loan, plus an annual premium collected monthly. Your total payment estimate should also include property taxes and hazard insurance, and Los Angeles County property tax rates should be modeled rather than assumed. Our team will walk through the full payment picture before you write an offer.
FHA appraisal and property condition
FHA appraisals include minimum property standards covering items such as safety, structural soundness, and functioning systems. Older Pico Rivera properties occasionally need repairs called out by the appraiser. Knowing that in advance helps your agent structure the offer and avoid surprises during escrow.
Leadership
Meet the Team Leaders
Meet the leadership team supporting the Star Financial Pico Lending Team and its mortgage professionals.
Your Pico Lending Team Loan Officers
Tom Ramirez, Branch Manager (NMLS 377347), leads a team of licensed mortgage professionals serving Pico Rivera and the surrounding communities.
- Claudia Sandez
- Kevin Brown
- Daisy Aussenac
- Jessica L. Duran
- Grace Gomez
- Javier Morales
- Jose Antonio Perez
- Ramon De La Cruz Jr.
Tools
Mortgage Calculators
Estimate payments, affordability, and refinance scenarios before you apply. Results are estimates only.
Affordability Calculator
Estimate a potential home-price range based on income, monthly debts, down payment, rate assumptions, taxes, and insurance.
$
$
$
%
%
$
Estimated home price range
$428,748 – $466,031
- Estimated loan amount
- $426,031
- Principal & interest
- $2,693
- Estimated taxes
- $427
- Estimated total payment
- $3,270
Results are estimates only and are not a loan approval, rate quote, or commitment to lend. Actual payment, rate, fees, taxes, insurance, and qualification may vary based on credit profile, property type, loan program, occupancy, income, debts, and underwriting requirements.
Frequently Asked Questions
What is the minimum down payment on an FHA loan?
Qualified borrowers may put down as little as 3.5% of the purchase price. Actual requirements depend on credit profile and full underwriting review.
Can I use an FHA loan for a duplex in Pico Rivera?
FHA financing may be used for one- to four-unit properties when you occupy one of the units as your primary residence, subject to program and underwriting requirements.
Does an FHA loan always require mortgage insurance?
FHA loans include an upfront premium and an annual premium collected monthly. The duration depends on your loan term and loan-to-value at origination.
Related Loan Programs
Resources
Mortgage Resources
Helpful guides and checklists to help you prepare for the mortgage process.
First-Time Homebuyer Guide
What to expect from pre-approval through closing, including documentation, timelines, and down payment considerations.
FHA Loan Guide
How FHA financing works, including down payment, mortgage insurance, and general eligibility considerations.
VA Loan Guide
An overview of VA home loan benefits, entitlement, the funding fee, and eligibility for qualified service members and veterans.
Credit Tips for Homebuyers
General credit considerations that may affect mortgage qualification and pricing before you apply.
Understanding Closing Costs
A plain-language look at common closing cost categories, prepaid items, and escrow/impound accounts.
Home Buying Checklist
A step-by-step checklist covering documents, budgeting, offers, inspections, and closing preparation.
Coming Soon
Talk With the Pico Lending Team
Connect with a licensed Star Financial mortgage professional to review your scenario and next steps.
St Fin Corp dba Star Financial · NMLS 1429 · Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval and company underwriting guidelines.