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Colfax sits in Placer County, where the Palisades Tahoe ski village expansion is reshaping regional infrastructure. At 5.875%, an FHA loan on a $750,000 purchase runs $4,437 monthly for principal and interest.
The county's median household income of $114,678 supports homes in the $700,000 to $800,000 range. FHA's 3.5% down minimum means buyers close with less cash than conventional loans require.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
580
Minimum FICO
3.5%
Down Payment Minimum
$764,750
2026 FHA Loan Limit
FHA Loans in Colfax
FHA requires a 580 FICO minimum, though lenders typically prefer 640 or higher. A 740 FICO qualifies easily for the best rates.
Down payments range from 3.5% to 10% or more depending on credit and savings. The county's median household income of $114,678 supports roughly $4,750 in monthly debt at a 50% DTI cap.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Colfax.
Colfax sits in Placer County, where the Palisades Tahoe ski village expansion is reshaping regional infrastructure. At 5.875%, an FHA loan on a $750,000 purchase runs $4,437 monthly for principal and interest.
The county's median household income of $114,678 supports homes in the $700,000 to $800,000 range. FHA's 3.5% down minimum means buyers close with less cash than conventional loans require.
FHA requires a 580 FICO minimum, though lenders typically prefer 640 or higher. A 740 FICO qualifies easily for the best rates.
FHA loans in California move through both retail banks and mortgage brokers. Brokers typically close FHA loans in 30 to 45 days.
FHA has no overlays in California — lenders must follow HUD's published rules. Your 580 FICO and 3.5% down are genuinely acceptable statewide.
FHA makes sense in Colfax when you have solid credit and limited savings. At 3.5% down and 5.875%, the monthly payment stays manageable on a $750,000 purchase.
The lifetime MIP is the real cost — it never cancels unless you refinance. Conventional loans beat FHA above $600,000 if you can put 10% down.
Conventional loans at 10% down typically run 0.25% to 0.5% higher in rate than FHA. But conventional PMI cancels at 78% LTV, while FHA's mortgage insurance never goes away.
FHA's 3.5% down is the real advantage when savings are tight. Conventional requires 5% minimum, and PMI applies until you hit 80% LTV.
Placer County supervisors just approved the scaled-back Palisades Tahoe ski village development. That kind of investment signals long-term growth and property value stability for buyers here.
Rocklin's new Angry Chickz location and ongoing retail growth show county momentum. Schools, dining, and community amenities are expanding alongside housing demand.
FHA lending in California remains steady, with brokers and banks competing on rate and terms. Placer County sees consistent FHA volume, especially among first-time buyers with limited down-payment savings.
Interest rates for FHA have stabilized in the 5.75% to 6.0% range statewide. Pricing varies by lender, FICO, and down payment, so shopping saves real money.
On a $750,000 purchase with 3.5% down at 5.875%, principal and interest is $4,437 monthly. Add property taxes, insurance, and mortgage insurance for total housing cost.
No. FHA's minimum is 580 FICO, though lenders prefer 640 or higher. A 740 FICO qualifies easily and gets the lowest pricing.
Yes, if you put down 10% or more. With less than 10% down, mortgage insurance runs for life. Refinancing to conventional later is the only way to drop it.
FHA's minimum is 3.5% down. On a $750,000 purchase, that's about $26,250. You can put more down if you have it.
Yes, if you have limited savings and solid credit. The 3.5% down opens the door when conventional requires 5%. The lifetime MIP is the tradeoff.