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FHA Loans in Fairfield
What's the monthly payment on a $750,000 FHA loan at 5.875%?
At 5.875% on a $750,000 FHA loan (740 FICO, 96.5% LTV, 30-year fixed), principal and interest run $4,437 per month. Add property tax, insurance, and MIP for total housing cost.
01
Fairfield sits in Solano County, where the median household income of $99,994 supports homes in the $700,000–$800,000 range. The Portuguese Freeport/Clarksburg Festa's 133rd year celebration reflects the region's deep cultural roots.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest. That rate locks in for 30 years, making your payment predictable.
5.875%
Interest Rate
$4,437
Monthly P&I
580
Minimum FICO
3.5% minimum
Down Payment
$685,400
FHA Limit (2026)
02
FHA requires a 580 FICO minimum, but lenders typically want 640 or higher for competitive pricing. At 740 FICO, you're well-positioned for approval and the best terms.
Down payments start at 3.5% of the purchase price. With $27,202 down on a $777,202 home, mortgage insurance (MIP) runs for the life of the loan.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Fairfield.
Fairfield sits in Solano County, where the median household income of $99,994 supports homes in the $700,000–$800,000 range. The Portuguese Freeport/Clarksburg Festa's 133rd year celebration reflects the region's deep cultural roots.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest. That rate locks in for 30 years, making your payment predictable.
FHA requires a 580 FICO minimum, but lenders typically want 640 or higher for competitive pricing. At 740 FICO, you're well-positioned for approval and the best terms.
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
FHA loans in California are offered by banks, credit unions, and mortgage brokers. The program is backed by HUD, so underwriting rules are consistent across lenders.
Closing timelines typically run 17-21 days. Appraisals are stricter than conventional, but that protects you from overpaying for a property.
04
FHA makes sense in Fairfield when you have limited savings but solid income and credit. The 3.5% down entry point opens doors that conventional keeps closed.
Your $750,000 loan exceeds the standard FHA cap. Fairfield qualifies as a high-cost area, so FHA can go higher here than the typical limit.
05
Conventional loans at this price typically require 10–20% down and a 700+ FICO. FHA's 3.5% down and 580 FICO floor are more forgiving.
Conventional at 20% down carries no PMI and usually a slightly lower rate. FHA's insurance premium adds cost, but you keep more cash at closing.
06
Fairfield High School's recent incidents have drawn attention to school safety and district operations. For families, that means scrutinizing school climate as part of the home-buying decision.
The California Forever development debate between Suisun City and Rio Vista signals ongoing growth in Solano County. Long-term, regional investment can support home values.
07
FHA lending in California remains steady, with lenders competing on rates and closing speed. Fairfield's high-cost-area status keeps FHA competitive above the standard limit.
Solano County's median household income of $99,994 supports FHA borrowers in the $700,000–$800,000 range. That income-to-price ratio makes FHA attractive for local buyers.
FAQ
At 5.875% on a $750,000 FHA loan (740 FICO, 96.5% LTV, 30-year fixed), principal and interest run $4,437 per month. Add property tax, insurance, and MIP for total housing cost.
No. FHA requires only 3.5% down. Mortgage insurance (MIP) applies for the life of the loan if you put down less than 10%.
Yes. FHA's floor is 580 FICO, so 650 qualifies. Lenders often prefer 640+ for the best rates, but 650 puts you in a competitive position.
The 2026 FHA limit for Solano County is $685,400. Your purchase exceeds that, but Fairfield qualifies as a high-cost area. Confirm with your lender that your property qualifies.
Typical FHA closing runs 17-21 days. Appraisals take 7–10 days, underwriting 5–10 days, and final review another 3–5 days.
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 Solano County
Our team of licensed mortgage brokers works Solano 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 Solano 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.