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FHA Loans in Gridley
What's the monthly payment on a $750,000 FHA loan at today's rate?
At 5.875% interest, the principal and interest payment is $4,437 per month. Add property taxes, insurance, and mortgage insurance for your total monthly cost.
01
Gridley sits in Butte County, where a new behavioral health center with a $7 million contract signals local investment. At 5.875% interest, a $750,000 FHA purchase costs $4,437 monthly in principal and interest.
The county's median household income of $68,574 supports homes in this price range. FHA's 3.5% down requirement means roughly $27,000 saved for a typical purchase here.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
3.5%
Minimum Down Payment
580
Minimum FICO
$541,287
2026 FHA Limit
02
FHA requires a minimum 580 FICO score. A 740+ FICO gets better pricing and terms than lower scores.
You'll need 3.5% down plus closing costs. For a $750,000 purchase, plan on $27,000 to $35,000 in liquid funds total.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Gridley.
Gridley sits in Butte County, where a new behavioral health center with a $7 million contract signals local investment. At 5.875% interest, a $750,000 FHA purchase costs $4,437 monthly in principal and interest.
The county's median household income of $68,574 supports homes in this price range. FHA's 3.5% down requirement means roughly $27,000 saved for a typical purchase here.
FHA requires a minimum 580 FICO score. A 740+ FICO gets better pricing and terms than lower scores.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
03
FHA loans in California move through brokers and retail lenders. Brokers often find better rates for borrowers under 740 FICO.
Closing timelines run 17 to 21 days for FHA. Appraisals take 10 to 14 days, and the property must meet FHA safety standards.
04
FHA makes sense in Gridley when you have 3.5% to 10% down and a FICO above 620. The lifetime mortgage insurance above 90% LTV is the real cost to weigh.
Above $541,287 — the 2026 FHA limit — you're forced to conventional or jumbo. Conventional at 10% down often costs less over time despite the higher rate.
05
Conventional loans at 10% down run a higher rate but skip mortgage insurance at 80% LTV. FHA's lower rate gets offset by lifetime MIP above 90% LTV.
Conventional typically requires more down payment upfront. The extra cash down buys you no insurance cost ever, which matters over a 30-year loan.
06
Butte County approved a behavioral health center in Gridley with a $7 million contract. That infrastructure investment signals the county is committed to supporting residents.
Community services matter when you're buying. The new health center shows Gridley is growing as a place to raise a family.
07
FHA lending in California remains steady, with brokers competing on rates for borrowers under 740 FICO. Agency rules are strict — no exceptions beyond HUD guidelines.
Appraisal timelines run 10 to 14 days. Properties must meet FHA safety and soundness standards with no major defects or deferred maintenance.
FAQ
At 5.875% interest, the principal and interest payment is $4,437 per month. Add property taxes, insurance, and mortgage insurance for your total monthly cost.
No. FHA requires only 3.5% down. Mortgage insurance (MIP) applies for the life of the loan if you put down less than 10%.
Yes. FHA's minimum is 580 FICO. A 650 score qualifies, though 740+ gets better rates and terms.
The 2026 FHA limit is $541,287. Loans above that amount require conventional or jumbo financing.
Expect 17 to 21 days from application to close. Appraisals take 10 to 14 days, and the property must meet FHA safety standards.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in Butte County
Our team of licensed mortgage brokers works Butte County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Butte County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
Side-by-side comparisons to help you choose the right mortgage program.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.