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FHA Loans in Fillmore
What's the monthly payment on a $750,000 FHA loan at 5.875%?
$4,437 for principal and interest on a 30-year loan. This assumes a $750,000 loan amount, 5.875% rate, 740 FICO, primary residence, and 0.02 discount points as of August 12, 2026.
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Fillmore sits in Ventura County, where the median household income of $107,327 supports homes in the $750,000 range. The county's $3.23 billion budget includes major investments in fire training and mental health facilities.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest. With just 3.5% down, FHA opens the door for buyers who don't have 20% saved.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
580
Minimum FICO
3.5%
Down Payment Minimum
$1,035,000
2026 FHA Limit
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FHA requires a 580 FICO minimum, though 740+ gets the best pricing. Down payment starts at 3.5% and mortgage insurance (MIP) runs for the life of the loan if you put down less than 10%.
Ventura County's median household income of $107,327 means a $750,000 purchase is realistic for many buyers here. DTI limits typically max out at 50%, so income around $180,000 would support this loan comfortably.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Fillmore.
Fillmore sits in Ventura County, where the median household income of $107,327 supports homes in the $750,000 range. The county's $3.23 billion budget includes major investments in fire training and mental health facilities.
At 5.875% interest, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest. With just 3.5% down, FHA opens the door for buyers who don't have 20% saved.
FHA requires a 580 FICO minimum, though 740+ gets the best pricing. Down payment starts at 3.5% and mortgage insurance (MIP) runs for the life of the loan if you put down less than 10%.
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 move through both retail banks and mortgage brokers, with brokers often offering faster underwriting and more flexible overlays. Lenders compete on rate and closing costs, not on FHA's core rules.
Typical FHA timelines run 17-21 days from application to close. Most lenders require full documentation: W-2s, recent pay stubs, tax returns, and bank statements.
04
FHA makes sense in Fillmore when you have limited savings but solid income and credit above 620. At $750,000, the 3.5% down requirement ($27,202) is far more achievable than the 10–20% conventional buyers face.
Above $1,035,000 (the 2026 FHA limit), you'd need conventional or jumbo financing. Below that, FHA's lower down payment often beats the PMI cost of a 5–10% conventional purchase.
05
Conventional loans at this price typically require 10–20% down and carry PMI until you hit 78% LTV. FHA's 3.5% down is a real advantage if you're short on cash but have stable income.
The tradeoff: FHA's lifetime MIP (if down under 10%) costs more over 30 years than conventional PMI. But the upfront savings—keeping $18,000 in the bank—often outweighs that for Fillmore buyers starting out.
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Ventura County's Agricultural Summit brought 20+ speakers and hands-on workshops in March 2026. That kind of community investment supports stable property values for Fillmore buyers.
Channel Islands Harbor's parking lot rehabilitation project signals infrastructure spending across the county. Buyers in Fillmore benefit from county-wide improvements that enhance livability and long-term home equity.
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FHA lending in Ventura County remains steady, with brokers and banks competing on rate and closing costs. The $1,035,000 limit in 2026 captures most residential purchases in Fillmore and surrounding areas.
Underwriting timelines for FHA average 17-21 days from application to clear-to-close. Documentation requirements are full: W-2s, tax returns, recent pay stubs, and bank statements.
FAQ
$4,437 for principal and interest on a 30-year loan. This assumes a $750,000 loan amount, 5.875% rate, 740 FICO, primary residence, and 0.02 discount points as of August 12, 2026.
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.
The minimum is 580 FICO. Scores above 640 qualify for better rates. At 740 FICO, you're in the best pricing tier. Lenders also review credit history—recent late payments matter more than the score alone.
Yes. Once you build equity or rates drop, refinancing to a conventional loan lets you skip MIP entirely. Many Fillmore buyers use FHA to get in, then refinance to conventional after 5–7 years.
Yes. The 2026 FHA limit in Ventura County is $1,035,000. Fillmore properties up to that amount qualify for FHA financing. Above that, you'd need conventional or jumbo loans.
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 Ventura County
Our team of licensed mortgage brokers works Ventura 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 Ventura 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.