Loading
Loading
Baldwin Park sits in Los Angeles County where the median household income is $87,760. At 5.875%, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest.
The county's income supports homes in the mid-range comfortably. FHA's 3.5% down requirement keeps closing costs manageable for first-time buyers.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
3.5%
Minimum Down Payment
580 FICO
Minimum Credit Score
$1,249,125
2026 FHA Loan Limit
FHA Loans in Baldwin Park
FHA requires a 580 FICO minimum, though 740+ gets better pricing. Down payments start at 3.5% of the purchase price, with no upper limit on loan amount in high-cost areas.
Mortgage insurance (MIP) runs for the life of the loan if you put down less than 10%. With 10% or more down, MIP cancels after 11 years.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Baldwin Park.
Baldwin Park sits in Los Angeles County where the median household income is $87,760. At 5.875%, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest.
The county's income supports homes in the mid-range comfortably. FHA's 3.5% down requirement keeps closing costs manageable for first-time buyers.
FHA requires a 580 FICO minimum, though 740+ gets better pricing. Down payments start at 3.5% of the purchase price, with no upper limit on loan amount in high-cost areas.
FHA loans are sold to Fannie Mae and Freddie Mac after closing, so lender overlays are minimal across California. Most brokers and banks offer FHA with similar timelines and approval standards.
Appraisals take 7–10 days and underwriting typically runs 3–5 business days. Closing happens 30–45 days after application for a straightforward file.
FHA makes sense in Baldwin Park when you have limited savings but solid income. The 3.5% down and lower credit floor open doors conventional loans close.
Above $1,249,125, FHA hits the 2026 limit and you'll need jumbo or conventional. Below that, FHA's mortgage insurance is the real cost to weigh against conventional PMI.
Conventional loans typically require 5% down and 620+ FICO, but skip mortgage insurance at 20% down. FHA lets you stay insured and borrow more with less cash upfront.
FHA's lifetime MIP (below 10% down) costs more over time than conventional PMI. Conventional wins if you can put 20% down and have stronger credit.
Baldwin Park is in Los Angeles County, home to 9.8 million people. The area's affordability relative to coastal LA makes FHA attractive for buyers stretching into homeownership.
Schools, transit access, and job centers across the county support long-term home values. FHA's predictable payment structure works well for families planning to stay.
On a $750,000 FHA loan at 5.875% with 3.5% down, principal and interest run $4,437 per month. Add property taxes, insurance, and mortgage insurance on top.
No. FHA requires only 3.5% down. Mortgage insurance applies for the life of the loan if you put down less than 10%. With 10% or more down, it cancels after 11 years.
Yes. FHA's minimum is 580 FICO. A 620 score qualifies easily. Rates improve at 740+, but FHA opens doors for buyers with fair credit that conventional lenders reject.
The 2026 FHA limit in Los Angeles County is $1,249,125. Above that, you'll need jumbo or conventional financing. Below it, FHA has no loan-amount cap.
Typical FHA close runs 30–45 days from application. Appraisals take 7–10 days and underwriting 3–5 days for clean files. Delays depend on documentation completeness.