Loading
Loading
FHA Loans in Compton
What's the monthly payment on a $750,000 FHA loan at 5.875%?
$4,437 for principal and interest. This is based on a $750,000 loan at 5.875% APR, 740 FICO, 96.5% LTV, 30-year fixed, primary residence. Add property taxes, insurance, and mortgage insurance on top.
01
Compton sits in Los Angeles County, where the median household income of $87,760 stretches to cover homes in the $750,000 range. At 5.875%, a $750,000 FHA loan runs $4,437 monthly for principal and interest alone.
LAUSD's fiscal oversight challenges affect school-district confidence across the county. Buyers in Compton are watching education funding closely as they commit to long-term mortgages.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
3.5%
Minimum Down Payment
580
Minimum FICO
02
FHA requires a 580 FICO minimum, though lenders often prefer 640+. A 3.5% down payment is the floor; you can put more down to lower your mortgage insurance premium.
Los Angeles County's median household income of $87,760 supports a $750,000 purchase comfortably. Debt-to-income limits typically cap at 43% to 50% depending on compensating factors.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Compton.
Compton sits in Los Angeles County, where the median household income of $87,760 stretches to cover homes in the $750,000 range. At 5.875%, a $750,000 FHA loan runs $4,437 monthly for principal and interest alone.
LAUSD's fiscal oversight challenges affect school-district confidence across the county. Buyers in Compton are watching education funding closely as they commit to long-term mortgages.
FHA requires a 580 FICO minimum, though lenders often prefer 640+. A 3.5% down payment is the floor; you can put more down to lower your mortgage insurance premium.
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 in California move through both retail banks and mortgage brokers. Brokers often close faster and offer tighter pricing because they shop multiple lenders at once.
Underwriting timelines run 17 to 21 days for FHA. Appraisals are stricter than conventional, and the lender must verify all income sources carefully.
04
FHA makes sense in Compton when you have solid income but limited savings. The 3.5% down keeps cash in your pocket compared to conventional's 5% to 10% minimum.
Above $750,000, conventional pencils better because FHA mortgage insurance runs for the life of the loan. The insurance cost compounds over 30 years.
05
Conventional loans typically run 0.25% to 0.5% higher in rate but skip mortgage insurance at 20% down. FHA's lower rate advantage shrinks when you factor in lifetime insurance costs.
If you have limited savings, FHA's 3.5% down keeps more cash in the bank than conventional's 5% to 10%. The tradeoff is mortgage insurance that stays for the loan's life.
06
LA County placed LAUSD under heightened fiscal oversight due to budget concerns. Families buying in Compton are factoring school-funding uncertainty into their long-term plans.
The county's job market faces headwinds from the Paramount-Skydance merger affecting studio positions. Stable employment matters when you're locking in a 30-year mortgage.
07
FHA lending in California remains steady as buyers with limited down payments seek affordable entry points. The program accounts for roughly 15% of purchase mortgages statewide.
Compton's median home price near $750,000 sits well within FHA limits. Lenders compete actively on FHA rates, making broker shopping worthwhile.
FAQ
$4,437 for principal and interest. This is based on a $750,000 loan at 5.875% APR, 740 FICO, 96.5% LTV, 30-year fixed, primary residence. 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, insurance cancels after 11 years.
FHA allows 580 FICO minimum, but most lenders prefer 640+. Below 580, you'll struggle to find a willing lender. Scores in the 620–640 range may qualify with compensating factors like reserves or low debt.
Yes. The 3.5% down payment keeps cash in your pocket compared to conventional's 5% to 10% minimum. The tradeoff is mortgage insurance that never cancels unless you refinance.
Typically 17 to 21 days. FHA appraisals are stricter than conventional, and income verification is thorough. Delays happen if the property fails FHA standards or documents are incomplete.
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.