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Moraga buyers are seeing strong local investment. Contra Costa County is breaking ground on a $155 million East County Service Center to expand county services. At 5.875%, a $750,000 FHA purchase runs $4,437 monthly in principal and interest.
The county's median household income is $125,727, which supports homes in the $700,000 to $800,000 range. FHA's 3.5% down requirement means less cash out of pocket at closing.
5.875%
Interest Rate
$4,437
Monthly P&I
580
Minimum FICO
3.5% minimum
Down Payment
$750,000
Loan Amount
30 days
Lock Period
FHA Loans in Moraga
FHA requires a 580 FICO minimum, though 640+ is more common for better terms. This scenario shows 740 FICO with 3.5% down ($27,202 on a $777,202 purchase).
Mortgage insurance (MIP) runs for the life of the loan when down payment is under 10%. With 10% or more down, MIP cancels after 11 years. Upfront MIP is 1.75% of the loan amount, rolled into the loan.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Moraga.
Moraga buyers are seeing strong local investment. Contra Costa County is breaking ground on a $155 million East County Service Center to expand county services. At 5.875%, a $750,000 FHA purchase runs $4,437 monthly in principal and interest.
The county's median household income is $125,727, which supports homes in the $700,000 to $800,000 range. FHA's 3.5% down requirement means less cash out of pocket at closing.
FHA requires a 580 FICO minimum, though 640+ is more common for better terms. This scenario shows 740 FICO with 3.5% down ($27,202 on a $777,202 purchase).
FHA loans in California are sold to Fannie Mae, Freddie Mac, and Ginnie Mae pools. Lenders follow HUD's guidelines strictly with minimal overlays beyond federal requirements.
Most brokers close FHA in 30 to 45 days with standard documentation. Appraisals must meet FHA property standards, which rarely affect Moraga homes.
FHA makes sense in Moraga when you have 3.5% to 10% saved but want to buy now. The rate is competitive, and the lower down payment keeps cash for repairs or reserves.
FHA doesn't pencil when you can put 20% down. Conventional at 80% LTV has no mortgage insurance and often runs the same rate.
Conventional loans at 20% down have no mortgage insurance and typically match FHA's rate. The tradeoff: you need twice the down payment to avoid insurance costs.
FHA's advantage is the 3.5% down requirement. Conventional buyers typically put 5% to 10% down and carry PMI. FHA's MIP is similar in cost but the lower entry point is the real draw.
Richmond parks are receiving multi-million dollar upgrades including new soccer fields and modern restrooms. Infrastructure investment like this supports long-term property values for Moraga buyers.
Moraga's location in Contra Costa County puts you near the Lafayette-Moraga Regional Trail. The county's median household income of $125,727 reflects a stable, employed community.
Principal and interest run $4,437 monthly on a $750,000 loan at 5.875% APR. Add property taxes, insurance, and MIP for total housing payment.
No. FHA requires just 3.5% down with a 580+ FICO. This scenario shows $27,202 down on a $777,202 purchase.
Yes, if you put 10% or more down—MIP cancels after 11 years. Below 10% down, MIP runs for the life of the loan.
FHA's minimum is 580 FICO, but most lenders prefer 640+. This scenario used 740 FICO. Higher scores get better rates and terms.
Conventional is typically better at 20% down. You skip mortgage insurance entirely and often match FHA's rate. Conventional saves insurance costs over time.