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FHA Loans in Davis
What credit score do I need for an FHA loan in Davis?
FHA requires a minimum 580 FICO score. Most lenders prefer 620 or higher for better rates and faster approval.
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Davis voters approved Measure V in June 2026 to change Village Farms land use. New housing supply signals relief ahead for buyers in this tight market.
At 5.875% interest, a $750,000 FHA loan carries $4,437 monthly for principal and interest. Yolo County's median household income of $88,818 supports homes in this range.
5.875%
Interest Rate
$4,437
Monthly P&I
3.5%
Minimum Down
580
Minimum FICO
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FHA requires a minimum 580 FICO score and just 3.5% down. With $27,202 down on a $777,202 home, you borrow $750,000 at 96.5% LTV with lifetime mortgage insurance.
Yolo County's median household income of $88,818 typically qualifies for loans up to $600,000. Your approval depends on employment history, existing debts, and property appraisal.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Davis.
Davis voters approved Measure V in June 2026 to change Village Farms land use. New housing supply signals relief ahead for buyers in this tight market.
At 5.875% interest, a $750,000 FHA loan carries $4,437 monthly for principal and interest. Yolo County's median household income of $88,818 supports homes in this range.
FHA requires a minimum 580 FICO score and just 3.5% down. With $27,202 down on a $777,202 home, you borrow $750,000 at 96.5% LTV with lifetime mortgage insurance.
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 correspondent lenders and portfolio banks. Most lenders price FHA daily and lock rates for 17 to 21 days.
Underwriting runs 15 to 21 days for FHA because government insurance protects the lender. Appraisal standards are stricter than conventional—the property must meet safety codes.
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FHA makes sense in Davis for buyers with less than 10% saved and credit above 620. The 3.5% down requirement opens doors when conventional 5% down stretches too thin.
Above the 2026 FHA limit of $764,750, you need conventional or jumbo financing. Below that cap, lifetime mortgage insurance is the real cost to weigh.
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Conventional loans at 5% down carry PMI that cancels at 78% LTV. FHA's mortgage insurance runs for life unless you refinance to conventional.
FHA wins when you have 3.5% saved but not 5%. Conventional wins if you reach 10% down and plan to stay five years or more.
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The California Honey Festival expanded to two days in nearby Woodland. That reflects the region's agricultural roots and community investment in the area.
Village Farms Davis, approved via Measure V in June 2026, will add housing stock. That supply increase may ease price pressure over the next three to five years.
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FHA lending in California remains steady as first-time buyers and those with limited savings seek 3.5% down options. Correspondent lenders price FHA loans daily, competing on rate and closing speed.
Appraisal timelines run 10 to 14 days for FHA in Yolo County. Most closings complete in 30 to 40 days from application to funding.
FAQ
FHA requires a minimum 580 FICO score. Most lenders prefer 620 or higher for better rates and faster approval.
FHA requires just 3.5% down on the purchase price. On a $777,202 home, that's $27,202 down, leaving $750,000 to borrow.
Principal and interest run $4,437 per month at 5.875% interest. Add property taxes, insurance, and mortgage insurance for your total payment.
Yes — if you put down 10% or more, MIP cancels after 11 years. Below 10% down, mortgage insurance runs for the life of the loan.
Yes. Once you reach 80% LTV through home appreciation or extra payments, refinancing to conventional eliminates MIP entirely.
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 Yolo County
Our team of licensed mortgage brokers works Yolo 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 Yolo 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.