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FHA Loans in Chowchilla
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 mortgage insurance for your total housing payment.
01
Chowchilla sits in Madera County, where the median household income of $75,496 stretches to cover homes in the $750,000 range. Valley Children's Hospital's $73 million expansion signals real investment in the region's future.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest. That payment fits comfortably within the county's income profile for qualified buyers.
5.875%
Interest Rate
$4,437
Monthly PI Payment
740
Minimum FICO
3.5% minimum
Down Payment
$541,287
2026 FHA Limit
02
FHA requires a 740 FICO minimum and 3.5% down on primary residences. On a $777,202 purchase, that's $27,202 down — leaving more cash in the bank than conventional financing.
Madera County's median household income of $75,496 qualifies buyers for mortgages around $300,000 to $350,000 in the standard debt-to-income range. Stronger income or co-borrowers push that ceiling higher.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Chowchilla.
Chowchilla sits in Madera County, where the median household income of $75,496 stretches to cover homes in the $750,000 range. Valley Children's Hospital's $73 million expansion signals real investment in the region's future.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest. That payment fits comfortably within the county's income profile for qualified buyers.
FHA requires a 740 FICO minimum and 3.5% down on primary residences. On a $777,202 purchase, that's $27,202 down — leaving more cash in the bank than conventional financing.
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
California FHA lenders operate through both retail banks and mortgage brokers. Broker networks often move faster and carry fewer overlays than large bank underwriting departments.
FHA closings typically take 17 to 21 days from application to funding. Lock periods of 30 days are standard, though longer locks are available for a small rate adjustment.
04
FHA makes sense in Chowchilla when your down payment is under 10% and your credit sits above 740. The 3.5% minimum down opens doors that conventional financing closes.
Above $541,287 in loan amount, FHA's 2026 limit, you'd need conventional or jumbo. At $750,000, this scenario sits well above the FHA cap, so a jumbo or portfolio loan becomes necessary.
05
Conventional loans at 20% down skip mortgage insurance entirely but require more cash upfront. FHA's 3.5% down carries lifetime mortgage insurance above 90% LTV, a real cost over 30 years.
On a purchase below the FHA limit, FHA wins for cash-strapped buyers. Above $541,287, conventional or jumbo is your only path — and jumbo typically demands 20% down and stronger credit.
06
California High-Speed Rail's Merced-to-Madera extension is moving into major construction procurement. That kind of infrastructure investment typically supports long-term home values and regional growth.
Madera County's population of 158,790 is modest but growing. The combination of hospital expansion and transit investment suggests the area is attracting real economic activity.
07
FHA lending in California remains steady as a primary path for first-time and repeat buyers with limited down-payment savings. Madera County's modest income profile makes FHA's 3.5% minimum attractive.
Loan limits cap FHA's reach in higher-priced markets. Buyers above $541,287 move to conventional or jumbo products, where down-payment and credit requirements tighten.
FAQ
At 5.875% interest, the principal and interest payment is $4,437 per month. Add property taxes, insurance, and mortgage insurance for your total housing payment.
No. FHA requires only 3.5% down. Mortgage insurance (MIP) applies for the life of the loan if you put down less than 10%.
No. The 2026 FHA limit in Madera County is $541,287. A $750,000 purchase requires conventional or jumbo financing.
FHA requires a 740 FICO minimum. Some lenders accept 580-739 with compensating factors, but 740+ is the standard floor.
Typical FHA closings run 17 to 21 days from application to funding. A 30-day lock period is standard.
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 Madera County
Our team of licensed mortgage brokers works Madera 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 Madera 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.