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FHA Loans in San Diego
What's the monthly payment on a $750,000 FHA loan at 5.875%?
Principal and interest run $4,437 monthly at 5.887% APR. Add property taxes, insurance, and mortgage insurance—total housing cost typically runs $5,200 to $5,600 monthly.
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San Diego County just completed its biggest year of low-income housing construction in nearly 40 years. That surge reflects strong buyer demand across all price points.
At 5.875% interest, a $750,000 FHA purchase runs $4,437 monthly in principal and interest. Add property taxes, insurance, and mortgage insurance—total housing cost typically lands $5,200–$5,600 monthly.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
580
Minimum FICO
3.5%
Minimum Down Payment
$1,104,000
2026 FHA Limit
17-21 days
Typical Close
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FHA requires a 580 FICO minimum to qualify, but most lenders prefer 640 or higher. At 740 FICO, you qualify for the best rates and terms available.
San Diego's median household income of $102,285 supports homes well into the $700,000 range. FHA's 3.5% minimum down payment means roughly $27,000 saved for a $777,000 purchase.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in San Diego.
San Diego County just completed its biggest year of low-income housing construction in nearly 40 years. That surge reflects strong buyer demand across all price points.
At 5.875% interest, a $750,000 FHA purchase runs $4,437 monthly in principal and interest. Add property taxes, insurance, and mortgage insurance—total housing cost typically lands $5,200–$5,600 monthly.
FHA requires a 580 FICO minimum to qualify, but most lenders prefer 640 or higher. At 740 FICO, you qualify for the best rates and terms available.
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.
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FHA loans in California move through underwriting in 17 to 21 days. Brokers and retail lenders both offer FHA, though brokers often close faster with multiple wholesale partners.
Appraisal standards for FHA are stricter than conventional—the property must meet safety and livability rules. Lenders verify employment, assets, and credit carefully, but the lower down-payment floor opens qualification to many buyers.
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FHA makes sense in San Diego when you have limited savings but solid credit above 640. At $750,000, the 3.5% down payment saves meaningful cash versus conventional's typical 5–10% requirement.
Above $1,104,000, FHA stops working—you'd need conventional or jumbo financing. For homes under that cap, FHA's lower down payment and competitive rate often pencil better than conventional.
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Conventional loans at this price typically require 5–10% down and a 620+ FICO. FHA's 3.5% minimum saves cash at closing, though lifetime mortgage insurance below 10% down adds roughly $200–$300 monthly.
VA loans offer zero down for eligible veterans with no mortgage insurance at all. If you don't qualify for VA, FHA's lower down payment and 580 FICO floor beat conventional when savings are tight.
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Galū Cafe, the popular Chula Vista spot, is opening a sister location in City Heights this fall. New dining and retail growth signals neighborhood investment that supports long-term home values.
San Diego County added more low-income rental units last year than in nearly 40 years. That construction activity reflects sustained demand and infrastructure investment across the region.
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FHA lending in San Diego remains steady, with brokers and retail lenders competing actively on rates and terms. The 17-21 day underwriting timeline is standard across most California lenders.
Appraisal turnaround typically runs 7–10 days, and employment verification moves quickly with digital tools. Most closings happen within 45 days of application when documentation is complete.
FAQ
Principal and interest run $4,437 monthly at 5.887% APR. Add property taxes, insurance, and mortgage insurance—total housing cost typically runs $5,200 to $5,600 monthly.
No. FHA requires only 3.5% down minimum with 580+ FICO. On a $777,202 purchase, that's $27,202 down. Conventional loans typically need 5% to 20% down.
FHA requires a 580 FICO minimum to qualify. Most lenders prefer 640 or higher for better rates. At 740 FICO, you qualify for the best pricing and terms.
Yes—if you put down 10% or more, MIP cancels after 11 years. Below 10% down, MIP runs for the life of the loan. Refinancing to conventional is the standard path to remove it.
No. The 2026 FHA limit in San Diego County is $1,104,000. Above that, you'd need conventional or jumbo financing. Most San Diego homes stay under this cap.
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 San Diego County
Our team of licensed mortgage brokers works San Diego 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 San Diego 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.