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FHA Loans in Duarte
What's the monthly payment on an FHA loan for $750,000 in Duarte?
Principal and interest run $4,497 monthly. Add $810 in property taxes, $246 in homeowners insurance, and $438 in mortgage insurance for a total PITIA of $5,991.
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Duarte's median home price sits at $722,000, down from earlier peaks. At 6% interest, a $750,000 FHA loan carries a $4,497 monthly principal-and-interest payment.
The market holds 31 active listings at $475 per square foot. FHA financing opens the door for buyers who lack a large down payment or perfect credit.
6.00%
Interest rate (30-year fixed)
$4,497
Monthly P&I on $750K
580
Minimum credit score
$27,202
Down payment (3.5%)
02
FHA requires a minimum 580 representative credit score for a primary residence. The maximum loan-to-value ratio is 96.5 percent, which means 3.5 percent down on a purchase price.
Your housing debt-to-income ratio cannot exceed 31 percent, and your total debt-to-income ratio cannot exceed 43 percent. On the quoted scenario, you'd need roughly $19,326 monthly income to clear the housing ratio and $13,933 to clear the total ratio.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Duarte.
Duarte's median home price sits at $722,000, down from earlier peaks. At 6% interest, a $750,000 FHA loan carries a $4,497 monthly principal-and-interest payment.
The market holds 31 active listings at $475 per square foot. FHA financing opens the door for buyers who lack a large down payment or perfect credit.
FHA requires a minimum 580 representative credit score for a primary residence. The maximum loan-to-value ratio is 96.5 percent, which means 3.5 percent down on a purchase price.
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 draw a broad lender base across California. Brokers like SRK CAPITAL shop the loan across wholesale lender partners to find the best rate and terms for your profile.
Underwriting focuses on credit history, income stability, and the property itself. FHA appraisals are thorough and lenders verify employment and assets carefully. SRK CAPITAL closes FHA loans in 17 to 21 days, or 10 days when a file is expedited.
04
FHA makes sense in Duarte when your down payment is under 20 percent or your credit sits below 700. The 6% rate here is competitive, and the 3.5% down requirement opens a $722K median-price market to borrowers conventional loans would turn away.
The trade-off is mortgage insurance for the life of the loan on this scenario. On a $750K loan, that's $438 monthly. Over 30 years, it's real cost—but it's the price of entry when you don't have 20% saved.
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Conventional loans at 20% down skip mortgage insurance entirely. They also often run lower in rate but demand a higher credit score.
FHA gets you in with a smaller down payment and a 580 credit floor. The mortgage insurance stays, but the lower barrier matters for most Duarte buyers right now.
06
LA County's median household income is $87,760, which comfortably supports the $5,991 monthly PITIA on this scenario. Your income needs to clear debt-to-income ratios, not a specific dollar floor.
Schools in the area fall under LAUSD, which is navigating budget pressures. That's a longer-term consideration for families, but it doesn't change the mortgage math for today's purchase.
FAQ
Principal and interest run $4,497 monthly. Add $810 in property taxes, $246 in homeowners insurance, and $438 in mortgage insurance for a total PITIA of $5,991.
No. FHA requires a minimum 580 representative credit score for a primary residence. Ask your lender what their own minimum runs, since overlays vary.
No. FHA's maximum loan-to-value ratio is 96.5 percent, which equals 3.5 percent down. That's the lowest FHA allows on a primary residence.
On this scenario, mortgage insurance runs for the life of the loan. Refinancing to conventional is the only way out.
You need roughly $19,326 monthly income to clear the 31% housing debt-to-income ratio with no other debt. Verify your exact number with a lender.
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.