Question 1

What's the monthly payment on a $750K FHA loan in Weed?

Accepted Answer

Principal and interest run $4,200 monthly at 5.375%. Add property taxes, insurance, and MIP — total PITI is roughly $5,100 to $5,400 depending on the home's assessed value and your insurance costs.

Question 2

Do I need 10% down to avoid lifetime mortgage insurance?

Accepted Answer

Yes — 10% down lets MIP cancel after 11 years. Below 10%, MIP runs for the life of the loan. At 3.5% down, you're paying MIP forever unless you refinance to conventional later.

Question 3

Can I get FHA with a 650 FICO score?

Accepted Answer

Yes — FHA allows 580 FICO minimum. But this rate of 5.375% requires 740+. At 650, expect 0.75% to 1.5% higher rate depending on the lender. Call for a 650 FICO quote.

Question 4

Is the $2,888 in discount points required?

Accepted Answer

No — points are optional. Paying 0.385 points ($2,888) locks the 5.375% rate. Without points, the rate runs 0.25% to 0.375% higher. Most buyers skip points on a 30-year fixed.

Question 5

How long does FHA closing take in Siskiyou County?

Accepted Answer

Broker closings typically run 25 to 30 days. Banks may take 35+ days. FHA appraisals take 7 to 10 days, so plan for a full month from application to funding.

FHA Loans in Weed: 3.5% Down, 740+ FICO, Fixed 30-Year Rate