Loading
Loading
Cudahy's housing market sits in Los Angeles County. At 5.875%, an FHA 30-year fixed on a $750,000 loan carries a monthly payment of $4,437 for principal and interest.
FHA financing opens doors for buyers without 20% saved. The 3.5% minimum down payment keeps cash in reserve while mortgage insurance protects the lender.
5.875%
Interest Rate
$4,437
Monthly P&I
580
Minimum FICO
3.5% minimum
Down Payment
$750,000
Loan Amount
30 days
Lock Period
FHA Loans in Cudahy
FHA loans require a 580 FICO minimum. A 740 FICO qualifies for standard pricing without overlays in Cudahy's market.
Down payment starts at 3.5% of the purchase price. Los Angeles County's median household income of $87,760 supports purchases in the $600,000 to $750,000 range.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Cudahy.
Cudahy's housing market sits in Los Angeles County. At 5.875%, an FHA 30-year fixed on a $750,000 loan carries a monthly payment of $4,437 for principal and interest.
FHA financing opens doors for buyers without 20% saved. The 3.5% minimum down payment keeps cash in reserve while mortgage insurance protects the lender.
FHA loans require a 580 FICO minimum. A 740 FICO qualifies for standard pricing without overlays in Cudahy's market.
FHA lending in California runs through approved lenders and mortgage brokers. Retail banks, credit unions, and correspondent lenders all offer FHA products.
Brokers access multiple lenders, which means faster turnarounds and fewer overlays. Expect 30- to 45-day closes on FHA loans with solid documentation.
FHA makes sense in Cudahy when you have 3.5% to 10% saved. The mortgage insurance cost is real, but it's the only way to own now.
Above $750,000, conventional 20% down often beats FHA. Below $400,000, the insurance premium matters less relative to the purchase price.
Conventional loans at 20% down carry no mortgage insurance. The rate typically runs 0.25% to 0.5% higher than FHA.
FHA's lower down payment requirement means you close sooner. Conventional demands 20% down upfront, which delays purchase for many Cudahy buyers.
Cudahy sits south of downtown Los Angeles with direct freeway access. Buyers here often commute to Long Beach, Santa Monica, or downtown.
The neighborhood's affordability draws first-time buyers and families building equity. Schools and parks serve the community with accessible median home prices.
On a $750,000 FHA loan at 5.875% with 3.5% down, principal and interest is $4,437 per month. Add property taxes, insurance, and mortgage insurance for your total payment.
No. FHA requires only 3.5% down with a 580 FICO score. This is the main advantage over conventional loans.
Mortgage insurance cancels after 11 years if you put 10% or more down. Below 10% down, insurance stays for the life of the loan.
Yes. FHA allows 580 FICO minimum, and 640 qualifies for standard pricing without overlays. Better scores bring better rates and terms.
Yes. The 5.875% rate is fixed for the entire 30-year term. Your payment never changes due to rate adjustments.