Loading
Loading
FHA Loans in Baldwin Park
What's the monthly payment on a $750,000 FHA loan at today's rate?
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.
01
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
02
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.
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 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 17-21 days after application for a straightforward file.
04
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.
05
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.
06
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.
FAQ
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 17-21 days from application. Appraisals take 7–10 days and underwriting 3–5 days for clean files. Delays depend on documentation completeness.
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 Los Angeles County
Our team of licensed mortgage brokers works Los Angeles 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 Los Angeles 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.