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FHA Loans in Walnut
What's the monthly payment on a $750,000 FHA loan at 5.875%?
$4,437 per month for principal and interest. That's on a $750,000 loan, $777,202 purchase price, 3.5% down, 740 FICO, 30-year fixed, 5.875% rate as of August 8, 2026.
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Walnut sits in Los Angeles County where the median household income of $87,760 supports homes in the mid-range. FHA financing at 5.875% opens that door with just 3.5% down.
A $750,000 FHA purchase here runs $4,437 monthly (principal and interest). That payment fits comfortably within the county's income profile for qualified buyers.
5.875%
FHA Interest Rate
$4,437
Monthly Payment (P&I)
3.5%
Minimum Down Payment
580
Minimum FICO Score
1.75% of loan
Upfront MIP Cost
17-21 days
Typical Close Timeline
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FHA requires a 580 FICO minimum, though lenders typically prefer 640+. Down payments start at 3.5% for borrowers with a 580 score. At 740 FICO, you qualify with minimal restrictions.
The county's median household income of $87,760 supports a $750,000 purchase comfortably. Debt-to-income limits run 43% to 50% depending on compensating factors and reserves.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Walnut.
Walnut sits in Los Angeles County where the median household income of $87,760 supports homes in the mid-range. FHA financing at 5.875% opens that door with just 3.5% down.
A $750,000 FHA purchase here runs $4,437 monthly (principal and interest). That payment fits comfortably within the county's income profile for qualified buyers.
FHA requires a 580 FICO minimum, though lenders typically prefer 640+. Down payments start at 3.5% for borrowers with a 580 score. At 740 FICO, you qualify with minimal restrictions.
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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FHA loans in California move through both retail banks and mortgage brokers. Broker networks often close faster and offer tighter pricing because they shop multiple lenders.
Typical FHA timelines run 17 to 21 days from application to close. Appraisals and title work are the main drivers of speed, not lender capacity.
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FHA makes sense in Walnut when you have solid income but limited savings. The 3.5% down and 5.875% rate beat waiting years to scrape together 20%.
Above the conforming limit, conventional jumbo loans often run cheaper because they skip mortgage insurance. Below typical FHA sweet spots, conventional 5% down competes on rate alone.
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Conventional loans at 5% down carry PMI but no upfront insurance fee. FHA charges 1.75% upfront MIP plus lifetime insurance if you put down less than 10%.
The monthly difference is small at this price point. Conventional PMI on a $750,000 loan runs $200-$250/month; FHA MIP runs $180-$220/month.
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LA County placed LAUSD under heightened fiscal oversight due to budget concerns. That oversight affects school funding and property values in Walnut long-term.
Job market shifts matter too. The Paramount-Skydance merger puts roughly 2,495 LA County positions at risk. Walnut buyers in entertainment or media should factor that into income stability.
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FHA lending in Los Angeles County remains steady despite higher rates. Borrowers with limited down payment savings continue to choose FHA over waiting.
Walnut's purchase prices sit well within FHA limits for the county. The 2026 FHA loan limit is $1,249,125, so no cap constraints here.
FAQ
$4,437 per month for principal and interest. That's on a $750,000 loan, $777,202 purchase price, 3.5% down, 740 FICO, 30-year fixed, 5.875% rate as of August 8, 2026.
No. FHA requires only 3.5% down. Mortgage insurance (MIP) applies for the life of the loan if you put down less than 10%. With 10%+ down, MIP cancels after 11 years.
No. FHA's minimum FICO is 580. Most lenders prefer 640+ for better pricing and faster approval. At 580-639, expect tighter terms and higher rates.
1.75% of the loan amount. On a $750,000 FHA loan, that's roughly $13,125 rolled into your loan balance at closing.
Yes, usually. FHA's 5.875% rate beats conventional 5% down, even with lifetime mortgage insurance. Above the conforming limit, conventional jumbo loans often run cheaper because they skip insurance entirely.
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
Most purchase loans close in 17-21 days once your paperwork is in.
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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.
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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.