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Fairfax sits in Marin County, where a private mountaintop is opening to the public for hiking access. That kind of infrastructure investment signals confidence in the area's future and appeals to buyers seeking long-term stability.
At 5.875%, an FHA loan on $750,000 carries a $4,437 monthly payment for principal and interest. With 3.5% down, you keep more cash in reserve while locking in a fixed rate.
5.875%
FHA Interest Rate
$4,437
Monthly P&I on $750K
580
Minimum FICO
3.5%
Minimum Down Payment
$142,785
County Median Income
FHA Loans in Fairfax
FHA requires a 580 FICO minimum, though 740+ gets the best pricing. Down payment starts at 3.5% of the purchase price, with mortgage insurance covering the lender's risk.
Marin County's median household income of $142,785 supports homes in the $700,000 to $800,000 range comfortably. Your debt-to-income ratio must stay below 50% to qualify.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Fairfax.
Fairfax sits in Marin County, where a private mountaintop is opening to the public for hiking access. That kind of infrastructure investment signals confidence in the area's future and appeals to buyers seeking long-term stability.
At 5.875%, an FHA loan on $750,000 carries a $4,437 monthly payment for principal and interest. With 3.5% down, you keep more cash in reserve while locking in a fixed rate.
FHA requires a 580 FICO minimum, though 740+ gets the best pricing. Down payment starts at 3.5% of the purchase price, with mortgage insurance covering the lender's risk.
FHA loans in California move through both broker and retail lenders. Brokers typically close in 30 to 45 days and shop multiple lenders for the best rate.
Agency rules are strict but consistent across all lenders. Credit overlays are rare on FHA, so your 740 FICO qualifies at nearly every shop in the state.
FHA pencils in Fairfax when you're putting down 3.5% to 10% and your credit sits above 680. The mortgage insurance is a real cost, but it's the only path to ownership without 20% saved.
Above $750,000, conventional at 10% down often beats FHA because PMI cancels faster. Below that, FHA's low down payment opens the door for Marin buyers who'd otherwise wait years to save.
Conventional loans at 10% down require a higher FICO (usually 680+) and carry PMI until you hit 78% LTV. FHA accepts 580 FICO and lets you start with just 3.5% down.
The tradeoff: FHA's mortgage insurance never cancels if you put down less than 10%. Conventional PMI drops automatically, making it cheaper over time if you can save the bigger down payment.
Bar Auklet, an ambitious seafood restaurant, is opening in Point Reyes Station. That kind of dining investment shows the area is attracting serious hospitality talent and capital.
The Marin County Fair runs July 1–5 each year with fireworks over the lagoon. These community anchors matter to buyers who want their neighborhoods to feel alive and connected.
FHA lending in Marin County remains steady because the median home price sits well above the conforming limit. Buyers in Fairfax often choose FHA to access lower down payments on homes in the $700,000 to $850,000 range.
Lender appetite for FHA is strong across California. Rates move with the broader market, but FHA's government backing keeps pricing stable and accessible.
At 5.875% on a $750,000 FHA loan, your principal and interest payment is $4,437 per month. Add property taxes, insurance, and mortgage insurance to get your full payment.
No. FHA mortgage insurance applies unless you put down 10% or more. Even then, MIP runs for the life of the loan if your down payment is under 10%.
No. FHA requires a minimum 580 FICO to qualify. Scores above 680 get better rates and terms.
Most FHA loans close in 30 to 45 days through a broker. Retail lenders may take longer depending on their volume.
Yes. Your rate locks for 30 days from application. You can extend the lock for an additional fee if closing takes longer.