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Showing 2 fha loan specialists in Pacific Grove, CA
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Ascend Mortgage
199 17th St suite f, Pacific Grove, CA 93950
8317471441
Terry Nance- Reverse Mortgage Specialist
306 1st St, Pacific Grove, CA 93950
8316579239
What Does a FHA Loan Specialist in Pacific Grove Cost?
Typical costs for FHA loan services in California include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus annual premiums of 0.55 to 0.85 percent of the loan balance. Lender origination fees range from 0.5 to 1.0 percent of the loan amount. Appraisal fees in Pacific Grove are usually $500 to $700. Third-party costs like title insurance and escrow fees add $2,000 to $4,000. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the FHA loan limits for Pacific Grove in 2025?
For Monterey County, which includes Pacific Grove, the 2025 FHA loan limit for a single-family home is $1,149,825. This higher limit reflects the area's elevated home prices. Limits are set by the U.S. Department of Housing and Urban Development.
What is the minimum down payment for an FHA loan in California?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. If your score is between 500 and 579, you may need a 10 percent down payment. These requirements apply statewide in California.
Do FHA loans require mortgage insurance in California?
Yes, all FHA loans require both an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium paid monthly. For most loans in California, the annual premium lasts for the life of the loan if your down payment is less than 10 percent.