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FHA Loans in Tehama
What's the monthly payment on a $750,000 FHA loan at today's rates?
At 5.875% with 3.5% down, the principal and interest payment is $4,437 per month. Add property taxes, insurance, and MIP — typically another $1,200 to $1,500 — for your total housing cost.
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Tehama County voters are deciding on school bond and sales tax measures in June 2026, signaling investment in local infrastructure. At 5.875%, FHA rates here let buyers close on a $777,202 home with just 3.5% down.
A $750,000 FHA loan at current rates runs $4,437 monthly for principal and interest alone. That payment fits comfortably within the county's median household income of $61,834 annually.
5.875%
FHA Interest Rate
$4,437
Monthly P&I Payment
580
Minimum FICO Score
3.5%
Down Payment Minimum
$541,287
2026 FHA Limit
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FHA requires a minimum 580 FICO score, though 740+ gets better pricing and terms. Down payments start at 3.5% of the purchase price, with mortgage insurance (MIP) covering the lender's risk.
The county's median household income of $61,834 supports purchases in the $300,000 to $400,000 range without stretching debt ratios. Buyers with stronger income can go higher, especially with solid credit and reserves.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Tehama.
Tehama County voters are deciding on school bond and sales tax measures in June 2026, signaling investment in local infrastructure. At 5.875%, FHA rates here let buyers close on a $777,202 home with just 3.5% down.
A $750,000 FHA loan at current rates runs $4,437 monthly for principal and interest alone. That payment fits comfortably within the county's median household income of $61,834 annually.
FHA requires a minimum 580 FICO score, though 740+ gets better pricing and terms. Down payments start at 3.5% of the purchase price, with mortgage insurance (MIP) covering the lender's risk.
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 move through California lenders with consistent timelines because the program is federally insured. Most lenders price FHA and conventional directly against each other, with FHA typically running 0.25% to 0.5% higher in rate.
Brokers can shop FHA across multiple lenders to find the best execution. Underwriting takes 15 to 21 days once documents are submitted, with appraisals driving most delays.
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FHA makes sense in Tehama when a buyer has solid income but limited savings. At 3.5% down, FHA opens the door where conventional's 5% to 10% minimum would require significantly more cash at closing.
Above $541,287, FHA hits its 2026 limit for Tehama County. Jumbo loans take over there, but FHA remains the path for first-time buyers and those rebuilding credit in the sub-limit range.
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Conventional loans at this price require 5% to 10% down and skip mortgage insurance only at 20% down. FHA's 3.5% minimum means closing with more cash in hand, though MIP runs for the life of the loan.
The rate trade-off favors conventional above $400,000 if you can put 10% down. Below that, FHA's lower down payment often outweighs the insurance cost over a 30-year hold.
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Red Bluff voters approved Measure S in June 2026, renewing a 1% sales tax for road maintenance over 12 years. That kind of infrastructure commitment signals stability for long-term homeowners in the Tehama area.
Schools and local services depend on voter-approved funding. Buyers planning to stay put benefit from these investments in roads, schools, and community services.
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FHA lending in California remains steady because the program serves first-time buyers and those with credit challenges. Lenders compete actively on FHA rates, making broker shopping worthwhile.
Tehama County's smaller population means fewer local loan officers, but statewide lenders serve the area reliably. Most FHA closings happen within 17 to 21 days.
FAQ
At 5.875% with 3.5% down, the principal and interest payment is $4,437 per month. Add property taxes, insurance, and MIP — typically another $1,200 to $1,500 — for your 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%. With 10% or more down, MIP cancels after 11 years.
Yes. FHA's minimum is 580 FICO. At 650, you qualify, but rates improve significantly at 740+. A score of 650 to 680 typically costs 0.25% to 0.5% more in rate.
No. The 2026 FHA limit in Tehama County is $541,287. A $750,000 purchase exceeds that cap and would require a jumbo or conventional loan instead.
Typically 15 to 21 days once you submit full documentation. The appraisal is often the longest step. Most closings complete in 17 to 21 days from application.
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 Tehama County
Our team of licensed mortgage brokers works Tehama 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 Tehama 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.