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Loma Linda's FHA market sits above the county's $690K limit in high-cost areas. A $777K purchase with 3.5% down runs $4,254 monthly at 5.49%.
FHA's appeal in Loma Linda is the low down payment and credit floor. You can close with 580 FICO and $27K down on a $777K home. The tradeoff: mortgage insurance runs for the life of the loan unless you refinance into conventional later.
5.49%
Interest Rate
$4,254
Monthly P&I
580
Min FICO
3.5%
Min Down Payment
1.75%
Upfront MIP
30 days
Lock Period
FHA Loans in Loma Linda
FHA requires 580 FICO minimum and 3.5% down. At $777K purchase price, that's $27,202 down. Debt-to-income caps at 50% on the back end — your total monthly debt divided by gross income.
Upfront mortgage insurance is 1.75% of the loan amount — $13,125 rolled into your balance. Annual MIP runs 0.55% on loans above 95% LTV.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Loma Linda.
Loma Linda's FHA market sits above the county's $690K limit in high-cost areas. A $777K purchase with 3.5% down runs $4,254 monthly at 5.49%.
FHA's appeal in Loma Linda is the low down payment and credit floor. You can close with 580 FICO and $27K down on a $777K home. The tradeoff: mortgage insurance runs for the life of the loan unless you refinance into conventional later.
FHA requires 580 FICO minimum and 3.5% down. At $777K purchase price, that's $27,202 down. Debt-to-income caps at 50% on the back end — your total monthly debt divided by gross income.
FHA loans in California route through HUD-approved lenders. Brokers and banks both originate them, but the underwriting is tighter than conventional. Appraisals must meet FHA property standards — no deferred maintenance, no code violations.
Lenders price FHA aggressively because the government insures the risk. Rates are typically 0.25–0.5% lower than conventional at the same credit profile. The catch: you're locked into mortgage insurance unless you refinance.
FHA makes sense in Loma Linda when you have 580–680 FICO and less than 10% down. The rate advantage and low down payment offset the lifetime MIP cost.
FHA stops making sense above $750K in Loma Linda because you hit the high-cost-area limit of $690K. Anything above that requires jumbo FHA or conventional. If you can hit 10% down, conventional PMI cancels after 11 years — FHA MIP never does.
Conventional loans at the same $777K price require 5% down minimum ($38,860) and 620 FICO. Your rate runs higher — conventional doesn't have government insurance backing. Monthly payment climbs because the rate is higher and you're carrying PMI instead of MIP.
The real difference: conventional PMI cancels at 78% LTV automatically, or you can request cancellation at 80% LTV. FHA MIP never cancels unless you refinance. If you plan to stay 10+ years, FHA's lower rate and down payment win.
Loma Linda sits in San Bernardino County's Inland Empire, a region experiencing steady population growth and job diversification. The county's median household income of $82,184 reflects a mixed market — some neighborhoods appreciate steadily, others face...
Schools and healthcare drive Loma Linda's appeal. Loma Linda University and its medical center anchor the city. That institutional presence supports property values and rental demand.
Principal and interest run $4,254/month. Add property taxes, insurance, and MIP — expect $5,200–$5,600 total. The scenario: $750K loan, $777K purchase, 3.5% down, 740 FICO, 30-day lock, April 18, 2026.
Yes. With 10% or more down on FHA, MIP cancels after 11 years. Below 10%, MIP runs for the life of the loan. At 3.5% down, you're locked in unless you refinance to conventional at 80% LTV.
Yes. FHA's minimum is 580 FICO. At 620, you'll qualify easily. Rates may be slightly higher than 740 FICO, and some lenders have overlays, but 620 is well within FHA's range.
Refinance to conventional when you hit 80% LTV. At $777K purchase, that's roughly $622K loan balance. Depending on appreciation and paydown, that's 5–8 years. Conventional PMI cancels automatically at 78% LTV, so you escape insurance sooner.
No. With 15% down, conventional makes more sense. Your rate runs 0.25–0.5% higher on FHA, but conventional PMI cancels in 11 years. FHA MIP never cancels. Conventional wins here.