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FHA Loans in Coronado
What's my monthly payment on a $750,000 FHA loan at 5.875%?
$4,437 per month (principal and interest). That's on a $750,000 loan at 5.875% APR, 30-year fixed, 740 FICO, 96.5% LTV. Add property taxes, insurance, and MIP for your total.
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San Diego County completed its biggest year of low-income housing construction. Coronado buyers at $750,000 are seeing FHA rates at 5.875% with $4,437 monthly payment (principal and interest).
The county's median household income of $102,285 stretches to support homes in this range. Careful debt planning ensures the payment fits your budget.
5.875%
Current FHA Rate
$4,437
Monthly Payment (PI)
3.5%
Minimum Down Payment
580
Minimum FICO
02
FHA requires a 580 FICO minimum; most lenders prefer 640 or higher. At 740 FICO, you're in strong standing for approval. Down payment starts at 3.5%, leaving more cash for closing costs.
The county's median household income of $102,285 supports a $750,000 purchase. Debt-to-income limits typically cap at 50% for FHA. Your total monthly obligations determine final approval.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Coronado.
San Diego County completed its biggest year of low-income housing construction. Coronado buyers at $750,000 are seeing FHA rates at 5.875% with $4,437 monthly payment (principal and interest).
The county's median household income of $102,285 stretches to support homes in this range. Careful debt planning ensures the payment fits your budget.
FHA requires a 580 FICO minimum; most lenders prefer 640 or higher. At 740 FICO, you're in strong standing for approval. Down payment starts at 3.5%, leaving more cash for closing costs.
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 range from large retail banks to independent brokers. Most follow baseline FHA rules, but overlays vary. Broker shops often move faster on marginal credit.
Closing timelines for FHA typically run 17-21 days. Appraisals carry more scrutiny than conventional loans. San Diego lenders are accustomed to high-value FHA loans.
04
FHA makes sense in Coronado when you have solid credit but limited down-payment savings. At 740 FICO with 3.5% down, you pay mortgage insurance for the life of the loan.
Conventional at 5% down and 740 FICO would drop insurance after you hit 78% LTV. The math flips if you plan to stay under five years.
05
Conventional loans at this price point typically require 5% down and 700+ FICO. Rates run 0.2–0.4% higher than FHA. You'd avoid mortgage insurance at 20% down, but that requires substantial cash.
FHA's 3.5% down and lower rate offset the lifetime mortgage insurance for buyers staying 5–7 years. If you're planning to hold longer, conventional's cancellable PMI wins.
06
San Diego is seeking delays to state law requiring high-rise housing near transit stops. That regulatory uncertainty signals the county's housing-supply tension. Buyers locking in now avoid future rate pressure.
Coronado's location as a peninsula with limited new construction means existing homes hold value. The county's recent low-income housing push supports neighborhood stability.
07
FHA lending in San Diego remains steady despite higher rates. Lenders actively compete on FHA loans for borrowers with 640+ FICO. Approval timelines run 17-21 days for complete files.
Coronado's high property values mean FHA loans here approach the 2026 FHA limit of $1,104,000. Lenders move quickly when documentation is clean. Appraisal turnaround runs 7–10 days.
FAQ
$4,437 per month (principal and interest). That's on a $750,000 loan at 5.875% APR, 30-year fixed, 740 FICO, 96.5% LTV. Add property taxes, insurance, and MIP for your total.
No. FHA requires only 3.5% down minimum. Mortgage insurance applies for the life of the loan if you put down less than 10%. With 10% down, MIP cancels after 11 years.
Yes, if you meet the 580 FICO minimum. Most lenders prefer 640 or higher. At 600, you'll face tighter scrutiny on debt and reserves.
Upfront MIP is 1.75% of the loan amount. On a $750,000 loan, that's $13,125, which rolls into your total loan balance.
FHA: 3.5% down, 5.875% rate, lifetime MIP. Conventional: typically 5% down, higher rate, cancellable PMI at 78% LTV. FHA saves cash upfront.
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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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.