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FHA Loans in Calexico
What's the monthly payment on a $750,000 FHA loan at 5.875%?
Principal and interest run $4,437 monthly at 5.875% APR on a $750,000 loan. Add property taxes, insurance, and mortgage insurance—total housing cost typically runs $5,200 to $5,600 monthly.
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Calexico sits in Imperial County, where the median household income of $56,393 stretches to cover homes in the $400K–$500K range. At 5.875%, a $750,000 FHA purchase runs $4,437 monthly in principal and interest.
The Imperial Valley Entertainment Convention returning with celebrity guests signals local momentum. FHA's 3.5% down minimum keeps cash in your pocket at closing.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
580
Minimum FICO
3.5%
Minimum Down Payment
$541,287
2026 FHA Limit
17-21 days
Typical Close
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FHA requires a 580 FICO minimum to qualify, though most lenders prefer 640 or higher for better rates. At 740 FICO, you qualify for the best pricing and terms available.
On a $777,202 purchase with 3.5% down, you'd put $27,202 at closing. The county's median household income of $56,393 supports homes in this range comfortably.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Calexico.
Calexico sits in Imperial County, where the median household income of $56,393 stretches to cover homes in the $400K–$500K range. At 5.875%, a $750,000 FHA purchase runs $4,437 monthly in principal and interest.
The Imperial Valley Entertainment Convention returning with celebrity guests signals local momentum. FHA's 3.5% down minimum keeps cash in your pocket at closing.
FHA requires a 580 FICO minimum to qualify, though most lenders prefer 640 or higher for better rates. At 740 FICO, you qualify for the best pricing and terms available.
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.
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California lenders compete actively on FHA pricing, with broker and retail options widely available. Most lenders close FHA loans in 17-21 days with standard documentation.
FHA appraisals run stricter than conventional, focusing on property condition and safety. Lenders typically require full employment history and two months of bank statements.
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FHA makes sense in Calexico when your down payment is under 10% and your FICO sits between 580 and 680. The 3.5% minimum opens doors that conventional's 5% minimum would close.
Above 10% down with a 740 FICO, conventional pencils better because MIP disappears at 78% LTV. Run both scenarios—the math changes at each credit tier.
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Conventional loans typically require 5% to 20% down and a 620+ FICO minimum. FHA's 3.5% down and 580 FICO floor open the door for buyers with limited savings or shorter credit history.
Conventional skips mortgage insurance at 20% down, while FHA's MIP runs for life below 10% down. The rate advantage usually favors FHA at lower credit scores, but the insurance cost flips the equation above 10% down.
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Holtville High School earned recognition as the best high school in Imperial County from U.S. News and World Report. Strong schools anchor long-term home values for families buying in the area.
Imperial County's data center debate signals infrastructure investment and economic development. These projects typically support job growth and property appreciation over time.
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FHA lending in California remains steady, with consistent demand from first-time buyers and those with limited down-payment savings. Calexico's median household income supports FHA purchases well within the county limit.
Lender competition keeps FHA rates competitive with conventional at lower credit tiers. Most closings happen within 17-21 days when documentation is complete.
FAQ
Principal and interest run $4,437 monthly at 5.875% APR on a $750,000 loan. Add property taxes, insurance, and mortgage insurance—total housing cost typically runs $5,200 to $5,600 monthly.
No. FHA requires only 3.5% down minimum with 580+ FICO. On a $777,202 purchase, that's $27,202 down. Conventional loans typically need 5% to 20% down, so FHA saves cash upfront.
FHA requires a 580 FICO minimum to qualify. Most lenders prefer 640 or higher for better rates. At 740 FICO, you qualify for the best pricing and terms.
Yes—if you put down 10% or more, MIP cancels after 11 years. Below 10% down, MIP runs for the life of the loan. Refinancing to conventional is the standard path to remove it.
No. The 2026 FHA limit in Imperial County is $541,287. Above that, you'd need conventional or jumbo financing. Most Calexico homes stay under this cap.
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 Imperial County
Our team of licensed mortgage brokers works Imperial 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 Imperial 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.