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Crescent City sits at the far north edge of California's coast, where $937,500 purchases a single-family home with 20% down. At 5.875%, your monthly payment runs $4,437 principal and interest.
Conforming loans dominate this market because they stay within the $832,750 FHFA limit. That means agency pricing, no jumbo overlays, and faster underwriting than you'd see on larger loans. Most buyers here close in 30-45 days.
5.875%
Interest Rate
$4,437
Monthly P&I
740
FICO (scenario)
$750,000
Loan Amount
20% ($187,500)
Down Payment
30 days
Lock Period
Conforming Loans in Crescent City
Conforming loans in Crescent City require a minimum 620 FICO, though 740+ gets you the best rates. You'll need 3% down minimum, but 20% down eliminates PMI entirely. At 20% down, there's no mortgage insurance cost and no rate penalty.
Del Norte County's median household income of $66,780 means a $937,500 home stretches the typical buyer's budget. Lenders want to see your debt-to-income ratio below 43%.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Crescent City.
Crescent City sits at the far north edge of California's coast, where $937,500 purchases a single-family home with 20% down. At 5.875%, your monthly payment runs $4,437 principal and interest.
Conforming loans dominate this market because they stay within the $832,750 FHFA limit. That means agency pricing, no jumbo overlays, and faster underwriting than you'd see on larger loans. Most buyers here close in 30-45 days.
Conforming loans in Crescent City require a minimum 620 FICO, though 740+ gets you the best rates. You'll need 3% down minimum, but 20% down eliminates PMI entirely. At 20% down, there's no mortgage insurance cost and no rate penalty.
California's conforming market is dominated by agency lenders and mortgage banks. Rates are standardized across most lenders because Fannie Mae and Freddie Mac set the rules.
Conforming loans close in 30-45 days in most cases. Appraisals and title work move quickly for properties under the conforming limit. If you're working with a broker, you'll get direct access to the lender's underwriter instead of waiting in a call queue.
Conforming loans make sense for most Crescent City buyers under $832,750. The rate is lower than jumbo, the underwriting is faster, and there are no lender overlays. If you're buying a $937,500 home with 20% down, conforming is your only option.
The one catch: you must stay under the conforming limit. If your purchase price climbs above $1,040,938 (the limit divided by 0.8 LTV), you jump to jumbo pricing and lose the agency advantage. Below that ceiling, conforming wins every time.
FHA loans run lower rates than conforming but carry lifetime mortgage insurance if you put down less than 10%. At 3.5% down, FHA costs less upfront but the insurance never cancels. With 20% down on conforming, you skip insurance entirely.
VA loans offer zero-down for eligible veterans, but conforming requires 3% minimum. If you're not VA-eligible, conforming at 20% down beats FHA on lifetime cost. Call to compare FHA and VA quotes against this conforming rate.
Crescent City's economy centers on fishing, timber, and tourism. The town sits 90 minutes north of Eureka and 350 miles from San Francisco. If you work locally, a conforming mortgage at 5.875% keeps your payment manageable on Del Norte County wages.
The area's small population of 27,293 means tight-knit neighborhoods and lower property turnover. Homes here hold value for long-term owners. A 30-year conforming loan aligns with the stability most buyers seek in this region.
At 5.875% on a $750,000 conforming loan, your principal and interest payment is $4,437 per month. That's on a $937,500 purchase with $187,500 down (20% LTV). Add property taxes, insurance, and HOA if applicable to get your total monthly cost.
Yes. At 20% down (80% LTV), there is no PMI on a conforming loan. Below 20% down, PMI is required and continues until you reach 78% LTV through paydown. At 20% down, you skip PMI entirely and avoid that cost over the life of the loan.
The minimum FICO is 620, but rates improve significantly above 740. At 740 FICO, you get the best pricing. Below 620, most lenders won't approve a conforming loan. If you're at 620-680, expect a higher rate than the 5.875% shown here.
Yes. Conforming loans allow 3% down minimum. With 3-19% down, you'll pay PMI. The mortgage insurance cost varies by LTV. At 5% down, PMI runs roughly 0.5-1% annually. At 15% down, it's lower. Call for a quote at your target down payment.
Conforming loans typically close in 30-45 days. Appraisals and title work move quickly because there are no jumbo overlays. If your appraisal comes back clean and employment verifies smoothly, you'll close at the faster end of that range.