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FHA Loans in Calabasas
What's the monthly payment on a $750,000 FHA loan at 5.875%?
$4,437 per month for principal and interest. This assumes a $750,000 loan amount, 5.875% rate, 30-year term, 740 FICO, and 96.5% LTV as of July 26, 2026. Add property taxes, insurance, and MIP on top.
01
Calabasas sits in Los Angeles County, where median household income of $87,760 stretches across a market with significant price variation. The county's school districts face budget pressures that may affect property values over time.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment (principal and interest). That price point captures most of the Calabasas market without jumping into jumbo territory.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
580
Minimum FICO
3.5%
Down Payment Minimum
$1,249,125
2026 FHA Limit
17-21 days
Typical Close Timeline
02
FHA requires a 580 FICO minimum, though 740+ gets better pricing. Down payment starts at 3.5% of the purchase price, which on a $777,202 home means $27,202 down.
Mortgage insurance (MIP) runs for the life of the loan when you put down less than 10%. With 10% or more down, MIP cancels after 11 years. Los Angeles County's median household income of $87,760 supports purchases in the $700,000 to $800,000 range comfortably.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Calabasas.
Calabasas sits in Los Angeles County, where median household income of $87,760 stretches across a market with significant price variation. The county's school districts face budget pressures that may affect property values over time.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment (principal and interest). That price point captures most of the Calabasas market without jumping into jumbo territory.
FHA requires a 580 FICO minimum, though 740+ gets better pricing. Down payment starts at 3.5% of the purchase price, which on a $777,202 home means $27,202 down.
Rate check
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03
California FHA lenders range from retail banks to mortgage brokers, all bound by HUD's insurance rules. Approval timelines typically run 17 to 21 days, with underwriting focused on debt-to-income ratio and credit history.
FHA loans above the conforming limit of $1,249,125 are rare in California. Most lenders price FHA competitively within that cap, though overlays on credit or employment history vary by institution.
04
FHA makes sense in Calabasas when you have limited down-payment savings but solid credit above 680. At $750,000, FHA's 5.875% rate competes with conventional 5% down, and the 3.5% down keeps more cash in your pocket.
FHA loses its edge above $1,249,125, where jumbo loans take over. Below that, FHA's lower credit floor and down-payment flexibility outweigh the lifetime mortgage insurance cost for most buyers.
05
Conventional loans at 5% down typically run 0.25% to 0.5% higher in rate than FHA, but skip mortgage insurance entirely at 20% down. FHA's lower down payment saves cash at closing; conventional's no-insurance path saves money over time.
On a $750,000 purchase, FHA's 3.5% down means $27,202 at signing. Conventional 5% down costs $38,860, but avoids the lifetime MIP that FHA carries below 90% LTV.
06
Los Angeles County's school districts are under heightened fiscal oversight, with LAUSD facing potential budget cuts. For families with school-age children, this uncertainty may influence long-term property value expectations in the area.
The entertainment sector in Los Angeles County is experiencing consolidation, with major studio mergers affecting local employment. Buyers working in media or entertainment should factor job stability into their purchase decision.
07
FHA lending in California remains steady, with most lenders offering 30-year fixed terms and competitive pricing within the conforming limit. Volume shifts seasonally, with spring and early summer seeing higher application counts.
Underwriting standards have tightened slightly post-2023, with lenders emphasizing debt-to-income ratios and employment history. Most FHA approvals now require two months of recent pay stubs and full tax returns.
FAQ
$4,437 per month for principal and interest. This assumes a $750,000 loan amount, 5.875% rate, 30-year term, 740 FICO, and 96.5% LTV as of July 26, 2026. Add property taxes, insurance, and MIP on top.
Yes. With 10% or more down, FHA mortgage insurance cancels after 11 years. Below 10% down, MIP stays for the life of the loan. On a $777,202 purchase, 10% down is $77,720.
No. FHA requires a 580 FICO minimum, but most lenders price better at 640 and above. A 650 score qualifies, but expect slightly higher rates than the 740+ pricing shown here.
FHA requires 3.5% down and accepts lower credit scores. Conventional typically wants 5-10% down and 620+ FICO. FHA carries lifetime mortgage insurance below 90% LTV; conventional at 20% down has none.
Yes. The 2026 FHA loan limit for Los Angeles County is $1,249,125. Loans above that require jumbo financing, which has stricter credit and down-payment rules.
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.
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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.