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Maricopa sits in Kern County where the median household income of $67,660 stretches across a market seeing real growth. The Kern River Parkway Trail expansion signals infrastructure investment that supports long-term property values here.
At 5.875%, a $750,000 conventional loan on a $937,500 home runs $4,437 monthly for principal and interest. That's the rate for a 740 FICO, 20% down, 30-year fixed locked for 30 days as of April 8, 2026.
5.875%
Interest Rate
$4,437
Monthly P&I
620
Min FICO
$750,000
Loan Amount
20% ($187,500)
Down Payment
30–45 days
Close Timeline
Conventional Loans in Maricopa
Conventional loans in Maricopa require a 620 FICO floor, but rates improve sharply above 740. You'll need 3-20% down; at 20% down (80% LTV), PMI cancels entirely. Below 20% down, PMI stays until you hit 78% LTV or refinance.
Kern County's median household income of $67,660 supports homes in the $850K–$950K range comfortably. Most lenders want your housing payment below 28% of gross income and total debt below 43%.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Maricopa.
Maricopa sits in Kern County where the median household income of $67,660 stretches across a market seeing real growth. The Kern River Parkway Trail expansion signals infrastructure investment that supports long-term property values here.
At 5.875%, a $750,000 conventional loan on a $937,500 home runs $4,437 monthly for principal and interest. That's the rate for a 740 FICO, 20% down, 30-year fixed locked for 30 days as of April 8, 2026.
Conventional loans in Maricopa require a 620 FICO floor, but rates improve sharply above 740. You'll need 3-20% down; at 20% down (80% LTV), PMI cancels entirely. Below 20% down, PMI stays until you hit 78% LTV or refinance.
Conventional loans are the backbone of California lending. Fannie Mae and Freddie Mac set the rules, and brokers compete on rate and speed. Most lenders close in 30–45 days for straightforward files.
Retail banks and mortgage brokers both offer conventional loans here. Brokers typically have tighter pricing on conforming loans under the $832,750 limit. Expect standard documentation: pay stubs, tax returns, bank statements, and a property appraisal.
Conventional makes sense in Maricopa when you have 20% down and a 740+ FICO. The math works: no PMI, solid rate, and you're under the $832,750 conforming limit. At $937,500, you're still in conventional territory.
Skip conventional if you're short on down payment. FHA runs lower rates but carries lifetime mortgage insurance. VA loans beat both if you're eligible—zero down, no PMI, no funding fee above 10% disability. Call for today's FHA and VA quotes to compare.
Conventional vs. FHA: FHA rates run lower but the mortgage insurance never cancels unless you refinance. Over 30 years, that's real money. Conventional at 20% down has no insurance at all.
Conventional vs. VA: If you're a veteran, VA is zero-down with no PMI and no funding fee if you're rated 10% disabled or higher. Conventional requires 20% down. The choice depends on your service record and down payment savings.
The Kern River Parkway Trail is expanding with a 6-mile northern extension breaking ground soon. That kind of county infrastructure investment matters to long-term home values. Buyers here are betting on Bakersfield's growth.
Downtown Bakersfield is getting new restaurants—Hoagies and others opening at The Marketplace in 2026. That signals neighborhood investment and walkability improvements. Homes near downtown corridors tend to hold value better as amenities grow.
At 5.875% APR on a $750,000 loan, principal and interest run $4,437 monthly. This assumes 20% down ($187,500), 740 FICO, 30-year fixed, locked April 8, 2026. Property taxes and insurance add to that total.
Yes. 20% down (80% LTV) is the only way to skip PMI entirely on a conventional loan. Below 20% down, PMI stays until you hit 78% LTV or refinance. At 10% down, PMI might run $150–$250 monthly on a $750K loan.
620 FICO is the floor, but rates improve sharply above 740. At 740+, you'll qualify for the best pricing. Below 680, expect higher rates or tighter underwriting. Most lenders want 640+ for smooth approval.
Conventional loans typically close in 30–45 days. Brokers often close faster than retail banks. Straightforward files with good credit and stable income can close in 30 days. Complex situations may take 45–60 days.
Yes. The conforming limit is $832,750. Your $937,500 purchase price is above that, so the loan itself is conventional but not conforming. Rates may be slightly higher than conforming loans, but you avoid jumbo overlays.