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FHA Loans in Pasadena
What's the monthly payment on a $750,000 FHA loan at today's rate?
At 5.875% interest, the principal and interest payment is $4,437 per month. Add property taxes, insurance, and HOA fees for your total housing cost. Mortgage insurance (MIP) adds roughly $300–$400 monthly.
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Pasadena's market remains competitive as LA County education officials place LAUSD under heightened fiscal oversight. Buyers are weighing school stability against home values in the $750,000 range.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest. That payment fits comfortably for households earning the county's $87,760 median income.
5.875%
Interest Rate
$4,437
Monthly P&I
580
Min FICO
3.5% ($27,202)
Down Payment
$750,000
Loan Amount
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FHA loans require a 580 FICO minimum, but 740 FICO opens the best rates and terms. Down payments start at 3.5%, meaning you need just $27,202 on a $777,202 purchase.
Los Angeles County's median household income of $87,760 supports a $750,000 home comfortably. Debt-to-income limits typically max out at 50%, giving most qualified buyers solid approval odds.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Pasadena.
Pasadena's market remains competitive as LA County education officials place LAUSD under heightened fiscal oversight. Buyers are weighing school stability against home values in the $750,000 range.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest. That payment fits comfortably for households earning the county's $87,760 median income.
FHA loans require a 580 FICO minimum, but 740 FICO opens the best rates and terms. Down payments start at 3.5%, meaning you need just $27,202 on a $777,202 purchase.
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.
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California lenders compete aggressively on FHA loans because they're government-insured and carry lower default risk. Most brokers and banks offer FHA in the $750,000 range without overlays.
Underwriting timelines run 17-21 days for FHA. Appraisals are required and must meet HUD property standards, which occasionally delays closings in older Pasadena neighborhoods.
04
FHA makes sense in Pasadena when you have limited savings but solid income. At 96.5% LTV, you're putting down just $27,202 on a $777,202 purchase—that's real cash preservation.
Conventional loans above 80% LTV also carry PMI, so the rate difference doesn't always justify the higher down payment. FHA's lifetime mortgage insurance is the trade-off, not a deal-breaker.
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Conventional loans at 80% LTV require roughly $155,202 down—nearly six times the FHA down payment. Both carry mortgage insurance, but conventional PMI cancels at 78% LTV.
FHA's lifetime mortgage insurance never cancels unless you refinance. Conventional PMI drops automatically, making the long-term cost lower if you stay in the home 10+ years.
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LA County placed LAUSD under heightened fiscal oversight due to budget concerns. Buyers in Pasadena are factoring school stability into long-term home decisions.
The county's job market faces headwinds from the Paramount-Skydance merger, affecting roughly 2,495 positions. Stable employment matters when qualifying for a $750,000 FHA loan.
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FHA lending in California remains steady despite broader market uncertainty. Lenders actively compete on FHA rates because government insurance reduces default risk.
Pasadena's $750,000 price point sits comfortably within the 2026 FHA limit of $1,249,125. Approval timelines run 17-21 days with standard documentation.
FAQ
At 5.875% interest, the principal and interest payment is $4,437 per month. Add property taxes, insurance, and HOA fees for your total housing cost. Mortgage insurance (MIP) adds roughly $300–$400 monthly.
No. FHA requires only 3.5% down and includes mortgage insurance as part of the program. Conventional loans at 20% down skip PMI, but FHA's lower down payment often saves more cash upfront.
If you put down 10% or more, MIP cancels after 11 years. Below 10% down, MIP stays for the life of the loan unless you refinance into a conventional loan later.
The minimum is 580 FICO, but 740+ gets the best rates and terms. Most lenders prefer 640+ for smooth underwriting and approval odds.
Yes, as long as the condo project is FHA-approved. Lenders verify the project's reserve funds and ownership structure. Single-family homes have no project restrictions.
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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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.
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17-21 day typical close
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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.